SPECIAL REPORT – NIFA Not Happy With Mangano & Proposal

STATEMENT FROM NIFA BOARD ON THE REDEVELOPMENT OF THE NASSAU HUB

Mineola, NY – May 11, 2011 –

NIFA is deeply concerned about the County Executive’s proposal and its fiscal implications for the County. There was no consultation with NIFA regarding this major proposal announced today. During the control period, greater coordination is warranted.NIFA’s approval is required for all County borrowing, including the $400 million in new debt proposed today, and for all major contracts. As we await necessary information from the County regarding the 2011 and 2012 budgets, NIFA requires details of this new plan, which must be evaluated in the context of the County’s fiscal crisis, the wage freeze on County employees and the reductions in services to County residents.# #

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About the Author: B.D. Gallof is a published writer and hockey blogger. He writes about Hockey, NY Islanders & the NY Islanders venue situation for CBS New York. BD has been written up in Sports Illustrated, TSN.ca, the NY Times Slapshots blog, Yahoo's Sports and SportsBusiness Journal. He has been a featured blogger for The Huffington Post, as well as owner, lead writer, and managing editor at HockeyIndependent.com.

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  1. [...] my query to NIFA, the governor assigned watchdog to all of Nassau County’s fiscal process with a very clear warning that went against the talk of Ed Mangano, Kate Murray and Charles Wang. Nobody had bothered to loop [...]