Long Island's two suburban counties are preparing for the worst and so is New York City Mayor Michael Bloomberg. Westchester County lawmakers must have missed the memo on Wall Street's layoffs.
Nassau County Executive Tom Suozzi isn't waiting for the red ink. Yesterday, he announced a proposed seven percent across-the-board pay cut for municipal employees to avoid layoffs.
"County Executive Thomas Suozzi said yesterday "things are as bad as they can be" financially for Nassau and he threatened to lay off almost 1,000 workers, or 10 percent of the county workforce to help balance the budget."
Suozzi is dealing with the fiscal reality. Last week, New York City Mayor Michael Bloomberg suggested aggressive cuts in services and layoffs to head off what he expected could be worse economic news in coming months.
Why hasn't the Westchester County Board of Legislators opened the same discussion?
"To solve today's problems, we must cut the heart out of county government," said Souzzi.
I call it a two-headed monster, the double-hit of high taxation in suburbia and layoffs in New York City.