The 2025 Nassau County budget is full of financial holes that continue to put the county’s fiscal well-being at risk, according to a report by its oversight board, the Nassau Interim Financial Agency.
Next year’s budget, proposed on Sept. 16 by Nassau County Executive Bruce Blakeman’s administration, contains “several significant risks” that may “threaten the county’s long-term fiscal stability,” NIFA’s 28-page Oct. 22 report stated. These risks include overestimating revenues and underestimating costs, not budgeting for possibilities like economic downturns or emergencies, not following legally mandated generally accepted accounting principles (GAAP), and over-relying on one-time federal stimulus money that the county was given because of the Covid-19 pandemic.
