Question of the Day: Nassau's Economy

While America's economy fluctuates on a daily basis, Nassau County's economy is also just as unpredictable.

There are approximately five months remaining in the 2011 fiscal year to plug a $42 million deficit according to Nassau Interim Finance Authority accounting estimates. The six-member control board is also projecting a $225 million gap for 2012 and recently on July 14.

Last week, NIFA officials said that they were “hopeful that one result of the failure of the referendum is that the leadership of the county will now devote all of its energies and efforts into balancing the county budget.”

However, after last week's referendum failure, County Executive Ed Mangano said he was now seeking privately funded proposals for the Nassau Coliseum site.

Meanwhile, residents continue to pay some of the highest property taxes in the nation.

What do you think about Nassau's current economy? What are your thoughts on property taxes in Nassau? What should be done with the Coliseum?

Tell us in the comment section below!