Nassau County Faces Deficit of $50.4 Million for 2011 | Verizon FiOS1 News - Long Island

Nassau County Faces Deficit of $50.4 Million for 2011

County Comptroller Warns 2012 Deficit Could be Another $45 M

Reported by CJ Papa. Posted on: Jul 31, 2012, 9:19 am. Last update: Jul. 31, 2012, 9:22 am.

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Nassau County Comptroller George Maragos announced that the county is facing over a $50 million deficit for 2011. According to Maragos, the deficit was the fault of the Nassau County Interim Finance Authority and the democrats for not approving the $45 million bonds to pay back owed property tax refunds.

Maragos also warns that Nassau could face an additional $45 million for 2012.

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