Nassau County to Sue NIFA for Financial Takeover » nifa-video-screengrab

From left: Peter Schmitt (R-Massapequa), presiding officer of the Nassau County Legislatuure, County Executive Ed mangano and County Comptroller George Maragos at a press briefing in Mineola to announce plans to sue NIFA for taking over the countys troubled finances in January.

From left: Peter Schmitt (R-Massapequa), presiding officer of the Nassau County Legislatuure, County Executive Ed mangano and County Comptroller George Maragos at a press briefing in Mineola to announce plans to sue NIFA for taking over the countys troubled finances in January.


Ronald Stack, chairman of the Nassau Interim Finance Authority, left, speaks to the media during a public meeting in Uniondale, N.Y., Wednesday, Jan. 26, 2011. The authority voted unanimously to take control of the county's finances after it determined that Nassau will most likely run a deficit of more that 1 percent. The decision could eventually lead to a wage freeze for thousands of county employees. (AP Photo/Seth Wenig)

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