Nassau County, N.Y., Ended 2004 With $75 Million Surplus

Whalen, Robert
March 2005
Bond Buyer;3/16/2005, Vol. 351 Issue 32091, p3
Trade Publication
Reports on the operating surplus posted by Nassau County, New York. Management of its fiscal year 2004 without tapping into short-term borrowing to help manage cash flow; Proposal to add extra cash to its undesignated revenue at the end of fiscal 2004; Recommendation of the administration of County Executive Thomas Suozzi to allocate a portion of the surplus to a reserve fund etablished to help cover a potential surge in termination payments to county employees who retire.


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