New York May Seize Nassau Finances on Budget Deficit
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A state authority may decide today whether to assert control over Nassau County’s finances, moving beyond an oversight role because elected officials haven’t closed next year’s $343 million budget gap.
The Nassau County Interim Finance Authority, created in 2000 to sell bonds and oversee operations while the county worked out earlier deficits, meets today at 10 a.m. in Uniondale. Nassau, which abuts New York City’s eastern edge on Long Island, has the highest median household income of any county in the state at $92,221, according to census data.