Case Study

Nassau County, NY
Financial Advisory and Strategic Consulting Services

PFM was first engaged in January of 2000 to help address the County's looming fiscal crisis, then threatening to result in a downgrade to below investment grade credit ratings. During this period, we participated in the creation of the Nassau County Interim Finance Authority (NIFA), the County's fiscal oversight board; and we helped develop the County's multi-year financial plans which provided the framework for the County's nationally recognized fiscal recovery.

PFM recommendations included: workforce reduction and collective bargaining strategies; non-tax revenue increases; debt restructuring; multiple management and productivity assessment reforms; and creation of a Sewer and Storm Water Authority. Over the intervening years, Nassau County has received a series of credit rating upgrades, and has continued to re-engage PFM for strategic consulting and finacial advisory services.