Oversight panel approves Nassau County's budget plan.

• Position: News Briefs - Brief Article

The Nassau Interim Finance Authority in April unanimously approved a four-year plan to close Nassau County's $428 million budget gap, avoiding a state takeover of county finances for the time being. Proposed by new County Executive Thomas Suozzi, the plan was previously approved 10-9 along strict party lines by the Nassau Legislature. The controversial plan includes a 19.4 percent increase in the county portion of property taxes, an extension of the county's debt from 20 to 30 years, a 12 percent work force reduction, and $65 million in labor concessions and cuts to youth...