Articles Tagged ‘Office of Legislative Budget Review’
While Nassau County Executive Edward Mangano and Acting Police Commissioner…
Eight years as mayor of Glen Cove, eight years as Nassau County Executive. In stark contrast to Long Island’s lone daily newspaper’s recent resounding endorsement of Nassau County Executive Tom Suozzi for what would be his third term as the county’s top elected official (an endorsement which failed to mention the nearly $200,000 in campaign contributions Newsday’s parent company Cablevision, its political action committee and owners, the Dolan family, have donated to his political aspirations since 2006, according to New York State [NYS] Board of Elections financial disclosure records), we at the Press thought we’d be a little more judgmental rather than hand out a free pass.
When Nassau County Executive Tom Suozzi, a Democrat, took office as the county’s chief financial manager in 2002, the Certified Public Accountant and former mayor of Glen Cove had his work cut out for him. Years of fiscal mismanagement under the previous administration of Republican Tom Gulotta had left the county in a state of economic collapse and on the brink of bankruptcy.
An independent state financial oversight agency issued a critical review recently of Nassau County Executive Tom Suozzi’s handling of the county’s finances. The bipartisan Nassau County Interim Finance Authority (NIFA) report highlighted the administration’s reliance on bonds, one-time quick fixes and wishful solutions to close a projected $130 million budget gap for fiscal year 2009.