Governor Appoints New NIFA Chair

John Mitty Wednesday, September 18, 2013

Governor Andrew Cuomo just announced his appointment of Jon Kaiman as the new NIFA chair.  NIFA, the Nassau Interim Finance Authority, is the state board which oversees budgeting for Nassau county.  Kaiman is a democrat, and will be replacing Ronald Stack, who held the role previously.  Stack’s NIFA term expired nine months ago, yet Cuomo waited until now to replace him, a decision which many officials are critical of because of the timing. 

NIFA was first created in 2000 in response to the poor decisions made by County Executive Tom Gulotta, who nearly bankrupted the county.  Ever since, NIFA has acted as a watchdog over the budgeting decisions made by other government officials.  Many officials have reacted negatively to Stack’s replacement.  Right now, Nassau is in the midst of budgeting debates for 2014.  “I certainly have the respect for Jon Kaiman’s leadership,” stated Legislator Judy Jacobs, “but NIFA needs the continuity and historical background which Mr. Stack offers, especially at this critical time.”  While the future is uncertain for Nassau’s 2014 budget, one thing is clear, and that is that Kaiman has quite a bit of work ahead of him and is facing a turbulent, challenging transition into his new office.

jmitty@longislandyellowpages.com

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