Mineola, NY: The New York State Comptroller’s Office has released the latest results of its Fiscal Stress Monitoring System, and Nassau County has once again been recognized for its strong fiscal health. For 2024, Nassau County achieved a fiscal stress score of 3.3, earning the status of “No Designation,” meaning that the County is not under fiscal stress and is not susceptible to fiscal stress at this time.
Last year, Nassau received a fiscal stress score of 9.6, also in the “No Designation” category, continuing a trend of improved fiscal performance.
“Under the fiscal oversight of my office, working closely with County Executive Bruce Blakeman, Nassau has maintained stable budgets, preserved reserves, and achieved a sustainable financial trajectory that benefits all residents. Our continued bond upgrades and solid fiscal foundation allow Nassau County to invest in critical services, infrastructure, and programs while maintaining balanced budgets and avoiding property tax increases and clearly indicates that the County should not be in a NIFA control period.”
Over the past three and a half years, Nassau County has earned seven bond upgrades from major Wall Street rating agencies, reflecting prudent fiscal management and growing investor confidence. As of May 2025, the County holds strong ratings from S&P (AA, Stable), Fitch (AA, Stable), and Moody’s (Aa2, Stable). These upgrades provide tangible benefits to taxpayers by lowering borrowing costs for key capital projects, including infrastructure improvements, parks, and public facilities.
The Office of the State Comptroller (OSC) determines scores for each county, city, town and village within New York (excluding NYC) based on key financial indicators including year-end fund balance, operating deficits/surpluses, cash position, use of short-term cash-flow debt issuance and fixed costs. The latest scores are based on 2024 data. Nassau’s low score reflects strong reserves, balanced operations, and a stable financial position—factors that Nassau County continues to demonstrate.
