Nassau County reduced its operating deficit by nearly $95 million in 2018. That’s according to a report released this week by County Comptroller Jack Schnirman.
Nassau County ended last year with an operating deficit of $27.5 million. That’s not as deep in the red as the county was in 2017 when it had a nearly $123 million deficit.
Schnirman is still skeptical of the county’s overall finances though.
“This is less bad. It’s a significant improvement. It’s no time for touchdown dances and high fives, but it just shows that we see this significant improvement, and we’ll be watching to see if it is sustainable over a period of time. ”
Schnirman attributes the lower deficit to increased sales tax revenue and a decrease in payroll expenses.