.
News Alert
Cops: Woman Shoved, Robbed While Leaving Work…

Control Board Says No More Distractions for Nassau

NIFA orders county, officials to focus on balancing budget.

The state control board in charge of Nassau County’s finances has issued another directive to county leaders – focus on righting the fiscal ship now that the vote for a new Coliseum is over.

The statement from the Nassau Interim Finance Authority (NIFA) came early Tuesday morning following a large defeat of a public vote on whether to borrow $400 million to finance the construction of a new coliseum as home for the New York Islanders.

At their July 14 meeting, NIFA board member Leonard Steinman said that since “this is a referendum on a property tax increase... we’ll be watching closely to see if the residents of Nassau County have an appetite for property tax increases.”

Nassau Legislative Minority leader Diane Yatauro, D-Glen Cove, issued a release where she urged for a “privately-funded development plan with clear details as to how it protects taxpayers while stimulating economic growth.”

The county executive did hold a press conference Tuesday to discuss privately funded options for the coliseum site.

"Those that have solutions, come forward," Mangano said. "Whether you agreed with me in the past or not, here's a blank slate. ... NIFA, you should really come forward with your solutions now. Enough with the nonsense."

In their release, NIFA officials say that they are “hopeful that one result of the failure of the referendum is that the leadership of the County will now devote all of its energies and efforts into balancing the county budget.”

There are approximately five months remaining in the 2011 fiscal year to plug a $42 million deficit according to NIFA accounting estimates. The six-member control board is also projecting a $225 million gap for 2012 and recently rejected the county’s last update to its multi-year financial plan on July 14.

“We look forward to working with the county in dealing with this daunting challenge of balancing the budget for now, next year and the future with a renewed and undistracted focus,” NIFA said in its statement.

“One can only hope that NIFA’s highly paid staff and consultants will provide a solution that doesn’t include raising property taxes,” Nassau spokesman Brian Nevin said when reached for comment, indicating Mangano would not accept such a proposal.

BRUCE August 02, 2011 at 09:08 PM
GET NON UNION WORKERS THEN LIGHTHOUSE CAN PAY FOR IT BY ITSELF AND GIVE JOBS TO COMUNITY AT RIGHT TO WORK STATES DO LIKE TEXAS WHO GETS LOTS OF JOBS A WANG WONT GO BROKE
Raymond P Gallagher August 03, 2011 at 05:08 AM
Instead of rebuilding our infastructure money is wasted rebuilding Brooklyn Nets arena (WIP), Shea and Yankee stadium and the Meadowlands. And they are putting in useless bike lanes throuoghout NYC. The Nassau Coliseum is being built for a millionaire on our backs. It was only opened in 1972. The Coliseum in Rome is over 2000 years old. If the Islanders don’t like it, join the Giants and Dodgers and move your greedy assets out of here. Sorry Carol (Alt), you are wrong.
Raymond P Gallagher August 03, 2011 at 05:09 AM
Instead of rebuilding our infastructure money is wasted rebuilding Brooklyn Nets arena (WIP), Shea and Yankee stadium and the Meadowlands. And they are putting in useless bike lanes throuoghout NYC. The Nassau Coliseum is being built for a millionaire on our backs. It was only opened in 1972. The Coliseum in Rome is over 2000 years old. If the Islanders don’t like it, join the Giants and Dodgers and move your greedy assets out of here. Sorry Carol (Alt), you are wrong.
Catherine Mary August 03, 2011 at 04:11 PM
Hey, if you aren't going to live in the shadow of the Lighthouse, then you might not understand that local residents are not looking to do so either. Bad enough no matter where we go in East Meadow we have to see the cloud over the Refuse plant. It already takes 20 moniutes to go 2 miles on Hempstead Turnpike in the evning, where are all the people from the Lighthouse going to drive? It takes forever to get into Nassau Community College. This area cannot absorb an influx of people and vehicles to that extent. I didn't buy a house in NYC or Queens and I don't expect to feel like that is where I live now either. I would vote against the Lighthouse too if I had the chance.
Jack O'Niel August 03, 2011 at 05:02 PM
Right on sister! I think you hit the nail on the head there. We don't want/need a micro-city tossed up right next door.

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something
See more »