At the Nassau County Board of County Commissioners (NCBOCC) meeting on Tuesday, July 7, 2015, Burton & Associates, a leading and highly-respected financial consulting firm, presented their findings of a comprehensive audit of the county’s finances to the county commission. The audit painted an undeniable picture of a looming fiscal crisis that could lead to the insolvency of the county, downgrades of the county’s bond rating and the inability of the county to meet its financial obligations.
We encourage you to take a moment to view the video of the NCBOCC meeting by clicking here or visiting our Resources page. We also encourage you to take a look at the corresponding Burton & Associates audit summary that shows that if the county continues at status quo service levels, the county will continue deficit spending in the near term, reducing available reserves below the minimum two-month reserve target by Fiscal Year 2017-18, by clicking here or visiting our Resources page.