Comptroller to audit Nassau IDA, fulfilling campaign promise

Newsday

Nassau County Comptroller Jack Schnirman is auditing the county’s Industrial Development Agency, which gives tax breaks to expanding businesses.

Schnirman, in an interview on Monday, said the IDA audit is his first of a county agency since taking office on Jan. 1.

He said he is fulfilling a campaign promise to examine the IDA, which has drawn fire in recent years for aiding automobile dealerships and self-storage facilities.

“We are hoping to assist the IDA in its mission of creating jobs and serving as an economic engine to keep residents’ taxes down, not drive them up,” Schnirman said.

 

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