After weeks of speculation, the board that monitors Nassau County, N.Y.'s fiscal condition did not take over its finances last week. Instead, the Nassau County Interim Finance Authority asked for additional budget information by Jan. 20 before it would take any action.

"Clearly, the Legislature and I adopted a balanced, no-property-tax-increase budget and have the contingencies needed to protect taxpayers from any deficit," County Executive Edward Mangano said in a statement following a NIFA meeting Thursday. "I will continue to cooperate with NIFA by providing them the information needed to verify the budget is balanced for next year."

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