July 23 (Bloomberg) -- Nassau County Executive Ed Mangano proposed cutting 200 jobs, trimming capital projects and canceling contracts to close a $45 million deficit in the $2.8 billion budget.
The job cuts, which would save an estimated $10 million, require approval of the county Legislature, which is controlled by Mangano’s fellow Republicans. About 60 employees took a buyout, according to Brian Nevin, a spokesman for the county.
Nassau County, which borders the New York City borough of Queens on Long Island, has a median family household income of more than $93,000, making it the state’s wealthiest county, according to Census data. Its finances have been overseen by a state board since 2011 after it failed to balance its budget.
Mangano has cut the payroll by almost 1,800 positions, or 20 percent, since taking office in 2010, Nevin said. He has declined to raise property taxes to cut the deficit.
County Comptroller George Maragos on July 13 projected Nassau would end the fiscal year in December with a $45 million deficit unless it took action to close the gap. Maragos, a Republican, blamed part of the shortfall on Democrats in the Legislature who wouldn’t approve borrowing to pay tax refunds.
Ron Stack, the chairman of the Nassau County Interim Finance Authority, didn’t immediately respond to a telephone call seeking comment. The oversight board has the power to approve or disapprove contracts and borrowings and impose a wage freeze.
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