|
The New York State Comptroller’s Office has released the latest results of its Fiscal Stress Monitoring System, and Nassau County has once again been recognized for its strong fiscal health. For 2024, Nassau County achieved a fiscal stress score of 3.3, earning the status of “No Designation,” meaning that the County is not under fiscal stress and is not susceptible to fiscal stress at this time.
 “These results are another clear indicator of Nassau County’s strong financial condition,” said Nassau County Comptroller Elaine Phillips.
Over the past three and a half years, Nassau County has earned seven bond upgrades from major Wall Street rating agencies, reflecting prudent fiscal management and growing investor confidence. As of May 2025, the County holds strong ratings from S&P (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.
 “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,” said Comptroller Phillips. "Our continued bond upgrades and solid fiscal foundation allow Nassau County to invest in critical services and infrastructure, while maintaining balanced budgets and avoiding property tax increases."
Nassau County's rating of “No Designation” of fiscal stress by the NYS Comptroller's Office is a validation of the County's commitment to fiscal responsibility.
For more information on the Fiscal Stress Monitoring System, visit OSC Fiscal Monitoring. Scores can be accessed directly here.
Saving Taxpayers Money
Under the prudent financial oversight of Comptroller Elaine Phillips, Nassau County has:
-
Held the line on taxes, while producing responsible budgets;
-
Provided $150 million in tax savings over the previous administration's multi-year spending plan;
-
Earned 7 bond rating upgrades that reflect the County’s excellent fiscal condition;
-
Increased efficiency, ensured accountability, and saved taxpayer dollars through audits and reviews; and
-
Launched a Senior Discount Program* that helps make life more affordable for seniors while supporting Nassau’s small businesses.
*Seniors!
To Search for SENIOR DISCOUNTS near you go to: www.nassaucountyny.gov/senior-discounts
Supporting Seniors Across Nassau County
Comptroller Elaine Phillips is committed to keeping Nassau County's seniors safe, informed, and empowered. Through a series of interactive seminars and workshops focused on scam prevention and personal safety, seniors across the County have gained practical tools to protect themselves and their finances, and build confidence in their daily lives.
|
These programs combine informative sessions with hands-on training, including self-defense techniques, to help seniors feel more secure and supported in their communities.
Comptroller Phillips provides senior residents with the knowledge, skills, and confidence to navigate daily life safely, independently, and with peace of mind.
Organizations interested in scheduling a seminar are encouraged to contact the Office of the Nassau County Comptroller at nccomptroller@nassaucountyny.gov or by phone at 516-571-2386.
|
COMPTROLLER PHILLIPS SUPPORTS NASSAU COUNTY TAXPAYERS
Under Comptroller Phillips' watch, Nassau County is implementing stronger financial controls, greater accountability, less waste and better use of tax dollars.
|
