New York State Takes Control of Nassau’s Finances

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New York State Takes Control of Nassau’s Finances

sBy DAVID M. HALBFINGER

Published: January 26, 2011

UNIONDALE, N.Y. — A state oversight board has seized control of Nassau County’s finances, saying the wealthy and heavily taxed county had nonetheless failed to balance its $2.6 billion budget despite months of increasingly ominous warnings.

http://www.nytimes.com/2011/01/27/nyregion/27nassau.html?src=mv&ref=nyregion