Nassau County's Mid-Year Report and More

On July 31, 2023, our team at the Comptroller’s Office released the 2023 Mid-Year Report on Nassau County’s Financial Condition. This report provides information about the County’s actual year-to-date fiscal standing as compared to the 2023 budget. It also includes projections on our likely trajectory for the remainder of the year, as well as analysis of past years and current trends.

The report reviews the County’s revenue sources, such as Sales Tax, State and Federal Aid, and Departmental Revenues. Similarly, the report reviews the County’s expenditures of the three primary operating funds, with particular focus on the largest categories of expenditures, including Payroll, Fringe Benefits, Debt Service, Contractual Services, Early Intervention and Social Service Programs. Based on the first six months of 2023, the County is on pace to end the year with a surplus of $95.3 million under generally accepted accounting principles.

Nassau County’s strong financial position has been acknowledged by bond rating agencies Moody’s, S&P, and Fitch, which all give the County high marks.

Read the 2023 Mid-Year report here.

My team, with the support of Nassau County Executive Bruce Blakeman, is making steady progress in our initiative to replace the County’s antiquated Integrated Financial System. The Nassau Forward project is a major, multi-year undertaking that is among the County’s highest priorities. With a new financial software system, the County will ensure use of best practices and improve the efficiency and effectiveness of our financial processes and reporting capabilities. A County-wide team is committing significant time and effort to the project and on July 27, 2023, we took a major step forward by issuing a Request for Proposals (RFP) to begin identifying software providers and implementers who are capable of and interested in working with the County on this project.

With the end of summer approaching, I had the opportunity to speak with our Nassau County Office of Youth Services Summer Employment interns and host employers about the importance of students exploring career pathways and developing workplace leadership skills. Through this program, Nassau County organizes employment and internship opportunities in the private sector, ultimately inspiring career paths and goals for our local youth. My sincere thanks to Executive Director LaDonna Taylor and the hard-working staff at the Nassau County Office of Youth Services, for all they do to make this program such a success.