Nassau Financial Board: County Must Cut Deficit

Oct 17, 2016

The Nassau Interim Finance Authority, or NIFA, says Nassau needs to cut its projected 2017 budget deficit from $100 million to $60 million or it will impose its own cuts.

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A new United Way of Connecticut economic report shows the state’s median income is on the rise and poverty levels are decreasing.

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Although two-thirds of Connecticut businesses showed a profit last year, fewer than half plan to make job-creating investments in the state, according to a recent survey from the state’s largest business group, the Connecticut Business and Industry Association.

Julio Cortez / AP

Following Britain's vote last month to leave the European Union, investors have been moving cash into "safe havens," such as U.S. Treasury bonds. That surging demand for reliable investments has sent interest rates down to record lows. But local governments may not be able to take advantage of cheap money for infrastructure repairs.

Stephan Savoia / AP

Conn. Gov. Dannel Malloy's popularity rating has hit a new low, with a majority of registered voters disapproving of how the Democrat has managed the state's economy, jobs, budget and taxes.