NYS Comptroller Says Nassau County in Strong Fiscal Health

By Leader Staff

Nassau County Comptroller Elaine Phillips (R-Manhasset) was delighted with the latest audit report from New York State Comptroller Thomas DiNapoli (D-Great Neck) confirming that Nassau County is in excellent fiscal health.

Under the Comptroller's Fiscal Stress Monitoring System, Nassau County achieved a solid fiscal stress score of 3.3, earning the status of “No Designation,” meaning that the County is not under any fiscal stress and is not susceptible to any fiscal stress at this time.

Last year, Nassau received a fiscal stress score of 9.6, also in the “No Designation” category, continuing a trend of improved fiscal performance.

“These results are another clear indicator of Nassau County’s strong financial condition,” stated Nassau Comptroller Elaine Phillips.

“Under the fiscal oversight of my office, working closely with County Executive Bruce Blakeman, Nassau has maintained stable budgets, preserved reserves, and achieved a sustainable financial trajectory that benefits all residents," added Phillips.

"Our continued bond upgrades and solid fiscal foundation allow Nassau County to invest in critical services, infrastructure, and programs while maintaining balanced budgets and avoiding property tax increases and clearly indicates that the County should not be in a NIFA control period,” noted Phillips.

Over the past 3 1/2 years, Nassau County has earned seven bond upgrades from major Wall Street rating agencies.

Nassau County now holds "strong" ratings from Standards & Poors (AA, Stable), Fitch (AA, Stable), and Moody’s (Aa2, Stable).

These upgrades provide tangible benefits to taxpayers by lowering borrowing costs for key capital projects, including infrastructure improvements, parks, and public facilities.

The Office of the State Comptroller (OSC) determines scores for each county, city, town and village within New York based on key financial indicators including year-end fund balance, operating deficits/surpluses, cash position, use of short-term cash-flow debt issuance and fixed costs.

Nassau’s low "fiscal stress" score reflects strong reserves, balanced operations, and a stable financial position—factors that Nassau County continues to demonstrate.

Nassau Comptroller Elaine Phillips is the fiscal manager and watchdog to protect the taxpayers and residents of Nassau County.

Information on the Fiscal Stress Monitoring System, and the local government's scores can be accessed at https://wwe1.osc.state.ny.us/localgov/fiscalmonitoring/fsms.cfm.

The Nassau County Comptroller’s Office can be contacted at:  https://www.nassaucountyny.gov/1590/County-Comptroller or emailed at  nccomptroller@nassaucountyny.gov.