June 21 , 2013
NEW YORK STATE AWARDS NASSAU COUNTY $5M FOR COST SAVINGS THAT LED TO 2012 BUDGET SURPLUS
Mineola, NY- New York State Governor
Andrew Cuomo recognized Nassau County with a $5 million
award which rewards local governments that have reduced
expenses to protect taxpayers.
The NY state competitive grant program is intended to
reward local government efforts which reduce costs and
ease the burden on local property taxpayers. The awards
were given to only two municipalities on Long Island
(Nassau County and the Town of East Hampton.) The
grants awarded as much as $25 per resident, up to a maximum
of $5 million. Nassau County will book this $5 million
award as 2013 revenue.
“The NY State $5 million award is further recognition of the extraordinary
cost-savings achieved by the County which led to the year-end 2012 budget surplus
without a property tax increase,” Nassau County Comptroller George Maragos
The award recognized the County’s ability to reduce
expenditures in 2012 by over $125.8 million below budget
without affecting services. These cost savings were primarily
responsible for achieving the County’s unaudited
budgetary surplus of $41.6 million.
Nassau County Comptroller Maragos Online: