March 17, 2011 – (RealEstateRama) — Due to the change in accounting rules applied by the Nassau Interim Finance Authority (NIFA), Nassau County Executive Edward P. Mangano today announced major budget cuts for 2011 that protect homeowners and employers from a 21.5% property tax increase. The County Executive detailed over $121.2 million in budget cuts that include $60.5 million in employee-related spending reductions, $40 million in across the board budget cuts and $20 million in lower tax refund liability than projected by NIFA
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