Nassau County, New York - Fitch Research

Nassau County, New York

Nassau County, New York - Fitch Research
Nassau County, New York
Published Dec 11, 2015
7 pages (4270 words) — Published Dec 11, 2015
Price US$ 400.00  |  Buy this Report Now

About This Report

  
Brief Excerpt:

... Notes, 2015 Series A, sold the week of Dec. 7 by negotiation; notes are due on Sept. 15, 2016. Security: Nassau County's (the county) faith and credit and taxing power, subject to a 2011 state statute limiting property tax increases to the lesser of 2% or an inflation factor (tax cap law). This limit can be overridden annually by a 60% vote of the county Legislature. Purpose: To meet a cash flow deficit expected to occur during the period the 2015 series A TANs are outstanding and to pay costs of issuance. Final Maturity: Sept. 15, 2016....

  
Report Type:

New Issue

Company(ies)
County of Nassau, New York , Nassau Health Care Corporation , Nassau Regional Off-Track Betting Corporation
Format:
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Cite this Report

  
MLA:
Fitch Research. "Nassau County, New York" Dec 11, 2015. Alacra Store. May 15, 2025. <http://www.alacrastore.com/fitch-credit-research/Nassau-County-New-York-874491_report_frame>
  
APA:
Fitch Research. (). Nassau County, New York Dec 11, 2015. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/fitch-credit-research/Nassau-County-New-York-874491_report_frame>
  
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