Nassau County (NY) Executive Edward Mangano didn’t get the budget savings the county needed from the union:
A state oversight board voted unanimously Wednesday to take immediate control of Nassau’s finances, contending the county’s 2011 budget contains a $176 million deficit – more than seven times the 1 percent gap that triggers a takeover under state law.
. . .
“It’s like sending an engraved note to NIFA begging them to take the county out of their hands,” said E.J. McMahon, a senior fellow with the Manhattan Institute, a conservative think tank. “Any attempt they made to fend off NIFA is undercut by this contract.”