Summary
Nassau County is borrowing money to cover a good amount of the $250 million structural deficit built into its 2010 budget, according to Comptroller George Maragos.
The county borrowed $126.6 million in tax-exempt bonds in order to pay for a retirement incentive it is offering its employees, as well as to pay for money it owes to people who successfully grieved their taxes, explained Maragos' spokesman, Jostyn Hernandez.See the full content of this document
Extract
Nassau County Sells Off Bonds
Maragos noted that the county got an i...
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