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chunk_id stringlengths 3 9	chunk stringlengths 1 100
9853_143	Also in July 2020, NIFA approved the sale of $230 million in short-term funding as Nassau County
9853_144	looked to fill a revenue hole created by the pandemic.
9853_145	In August 2020, Curran reversed course and proposed a financial plan that avoided longer-term
9853_146	borrowing through NIFA at least through 2020. Republicans had raised objection to such borrowing
9853_147	because the length of the term needed to get the best interest rate would mean that Nassau would
9853_148	not be able to end NIFA oversight for many years, since the bonds would be long-term.
9853_149	Also in August, NIFA spelled out a dire situation for county finances, saying that "draconian"
9853_150	measures might be needed to rescue the county's finances in the wake of the pandemic, including
9853_151	significant layoffs and property tax increases.
9853_152	As the start of the 2021 fiscal year neared, Curran proposed a budget that would have NIFA
9853_153	refinance $360 million in county and NIFA debt. Initial Republican opposition to the plan was based
9853_154	in part on the fact that such a plan would extend NIFA control over the county's financial
9853_155	operations. Barsky said Curran's spending plan was "perhaps ... the most challenging budget the
9853_156	county has prepared in recent memory." In early October, the county legislature's Finance and Rules
9853_157	committee approved a "declaration of need" that asked NIFA to refinance county debt over a 15-year
9853_158	period. This would be for less duration than the 30-year refinancing that could have kept NIFA
9853_159	supervising county finances until 2051. After some Republican resistance, the county ultimately
9853_160	accepted a plan to have NIFA borrow funds to save Nassau money on its financing costs as it sought
9853_161	to recover from the pandemic, raising the prospect that the agency will be part of the governance
9853_162	of the county for at least 35 years from its inception, since it would be until 2035 or so that the
9853_163	debt would mature.
9853_164	The financing went through in an oversubscribed bond sale in February 2021. Approximately $1.1
9853_165	billion in NIFA-backed bonds were sold out in less than two hours. The interest rate on the debt
9853_166	was approximately 1.3%. The debt taken on was not new debt but rather a restructuring. It saved the
9853_167	county approximately $435 million in debt service over the life of the 15-year bonds. The savings
9853_168	were enough that the expected hole in the county's budget as a result of the pandemic was
9853_169	effectively closed.
9853_170	The bonds carried a triple A rating from Fitch. It does keep NIFA in the picture until 2035.
9853_171	NIFA and the Blakeman administration
9853_172	In an interview Newsday conducted with Blakeman a few days after Election Day 2021, Adam Barsky,
9853_173	the chairman of NIFA, said he would work with Blakeman. "the same way I worked with Ed Mangano and
9853_174	Laura Curran, with a lot of respect." Barsky said the county was in "relatively good shape based on
9853_175	one-time resources, which are from the federal (pandemic) aid." He also referred to the large
9853_176	refinancing conducted by NIFA under the Curran administration as having put Nassau on more solid
9853_177	ground. "The question is how to use those funds to provide long-term structural balance to the
9853_178	budget," he was quoted as saying. "Utilizing the short-term resources for long-term expenses that
9853_179	will go on indefinitely will only dig the county into a deeper hole."
9853_180	In the November 8 issue of The Point, Newsday's daily politics newsletter, the question was raised
9853_181	how Blakeman and NIFA might work together. The article noted how the prior Republican county
9853_182	executive, Ed Mangano, joined with the county legislature in 2010 to end a home heating tax and
9853_183	blow a $40 million hole in the budget in the process. Given the extensive cuts in revenue that the
9853_184	Nassau Republicans promised during the 2021 election, which had just been completed at the time of
9853_185	the newsletter's publication, NIFA's Barsky raised the question of whether a similar scenario might
9853_186	play out next year. "We need to hear from the legislature and Bruce Blakeman and see what they plan
9853_187	to do," Barsky said.
9853_188	The newsletter article also noted that NIFA was two seats short of being at its full lineup of
9853_189	seven members.
9853_190	In December, when NIFA approved the 2022 budget, the final one of Curran's tenure, Barsky addressed
9853_191	the fact that Republicans in the election had promised large cuts in fees and taxes. Barsky said he
9853_192	has spoken with both Blakeman and legislative presiding officer Richard Nicolello about whether
9853_193	Republicans would try to enact the fee cuts in 2022. As quoted by Newsday, Barsky said, "Neither
9853_194	has committed to do one thing or another as of yet. I did explain to both of them that it really
9853_195	doesn't matter, because after we approve the budget, if there are things that take place
9853_196	post-budget that put the county out of balance, then NIFA will expect and require them to make
9853_197	necessary adjustments to account for whatever the change is. Whatever it is, if it puts a hole in
9853_198	the budget they're expected to fix that hole."
9853_199	Credit rating
9853_200	In August 2020, Fitch Ratings gave NIFA a AAA rating on approximately $400 million in sales
9853_201	tax-backed debt. In early November 2020 Fitch Ratings Service gave NIFA a short-term credit rating
9853_202	of F1 on an issue of variable rate bonds backed by the county's sales tax. That is Fitch's
9853_203	second-highest short-term credit rating. The AAA rating was affirmed in January 2021 when Fitch
9853_204	rated several new debt issuances.
9853_205	Moody's has had an Aa1 credit rating on NIFA since at least 2015. That is the second-highest level
9853_206	in its schedule of ratings.
9853_207	See also Buffalo Fiscal Stability Authority Development Authority of the North Country
9853_208	Erie County Fiscal Stability Authority Lower Manhattan Development Corporation
9853_209	Municipal Assistance Corporation for the City of NY New York State Housing Finance Agency
9853_210	State of New York Municipal Bond Bank Agency
9853_211	References External links NIFA website
9853_212	Nassau County, New York Politics of New York (state) Financial regulation in the United States
9854_0	Dr. Vyasanakere Prabhanjanacharya (); (born 15 June 1946), is an eminent Indian Sanskrit scholar
9854_1	known for his discourses on Sanatana Dharma. He is an expert in the Dvaita school of philosophy,
9854_2	founded by Sri Madhvacharya. Sri Prabhanjanacharya has written, edited and compiled numerous books
9854_3	on Veda, Upanishads, Ramayana, Mahabharata, Bhagavata etc. in the light of Madhva philosophy.
9854_4	He has won many titles and awards from Indian and International organizations. He was the chairman
9854_5	of the All India Madhwa Philosophical Conference held in Bangalore in 1994. He was the Principal
9854_6	and Professor (of Sanskrit) of the Government First Grade College in Bangalore. He opted for
9854_7	voluntary retirement from the job to focus on his spiritual and philosophical pursuits. He founded
9854_8	the Śrī Jayatīrtha Manuscript Library, which focuses on rare and unpublished works in Indian
9854_9	philosophy.
9854_10	He has also founded the Śrī Vyāsa Madhva Saṁśodhana Pratiṣṭhāna trust, which focuses on enriching
9854_11	Indian culture, tradition and values. The trust, through its publication wing, the Aitareya
9854_12	Prakaashana, publishes numerous works. Sri Prabhanjanacharya has critically edited Sarvamula
9854_13	Granthas - collection of all the works of Sri Madhvacharya, based on a 700-year old palmleaf
9854_14	manuscript. He has also brought out a series of books called StotraMālikā, which is a wonderful
9854_15	collection of hundreds of rare Stotras and stutis, mainly on the Vaiṣṇava tradition.
9854_16	Sri Prabhanjanacharya has also edited and published numerous books on the Mahabharata, Bhagavadgita
9854_17	and the Upanishads. In 2005, he was honoured with the President's award of Certificate of Honour
9854_18	(2005). He is the recipient of several prestigious awards including Rajyotsava Award-2002 (from
9854_19	Govt. of Karnataka), Vidyavachaspati, Jnanaratnakara, Vidyamanya Mahaprashasti and many others for
9854_20	his contribution to the Sanskrit, Indian Philosophy and Dvaita Vedanta.
9854_21	Early life
9854_22	Vyasanakere Prabhanjanacharya was born on 15 June 1946 in Vyasanakere, a village in the Bellary
9854_23	district of Karnataka. He obtained B.E. (Mechanical) from the Mysore University; B.A. from the
9854_24	Karnataka University; and M.A. (in Sanskrit) from the Bangalore University.
9854_25	He holds PhD from the Rashtriya Sanskrit Vidyapeetha; and D.Litt. from BHU for his critical edition
9854_26	of Sarvamūla works of Jagadguru Śrī Madhvācārya.
9854_27	Sanskrit works (edited/compiled/authored)
9854_28	Sanskrit Works (Edited critically with explanatory notes)
9854_29	1-7) ŚrīMadhvācāryapraṇītāḥ Sarvamūlagranthāḥ [श्रीमध्वाचार्यप्रणीताः सर्वमूलग्रन्थाः] - collective

9853_143

Also in July 2020, NIFA approved the sale of $230 million in short-term funding as Nassau County

9853_144

looked to fill a revenue hole created by the pandemic.

9853_145

In August 2020, Curran reversed course and proposed a financial plan that avoided longer-term

9853_146

borrowing through NIFA at least through 2020. Republicans had raised objection to such borrowing

9853_147

because the length of the term needed to get the best interest rate would mean that Nassau would

9853_148

not be able to end NIFA oversight for many years, since the bonds would be long-term.

9853_149

Also in August, NIFA spelled out a dire situation for county finances, saying that "draconian"

9853_150

measures might be needed to rescue the county's finances in the wake of the pandemic, including

9853_151

significant layoffs and property tax increases.

9853_152

As the start of the 2021 fiscal year neared, Curran proposed a budget that would have NIFA

9853_153

refinance $360 million in county and NIFA debt. Initial Republican opposition to the plan was based

9853_154

in part on the fact that such a plan would extend NIFA control over the county's financial

9853_155

operations. Barsky said Curran's spending plan was "perhaps ... the most challenging budget the

9853_156

county has prepared in recent memory." In early October, the county legislature's Finance and Rules

9853_157

committee approved a "declaration of need" that asked NIFA to refinance county debt over a 15-year

9853_158

period. This would be for less duration than the 30-year refinancing that could have kept NIFA

9853_159

supervising county finances until 2051. After some Republican resistance, the county ultimately

9853_160

accepted a plan to have NIFA borrow funds to save Nassau money on its financing costs as it sought

9853_161

to recover from the pandemic, raising the prospect that the agency will be part of the governance

9853_162

of the county for at least 35 years from its inception, since it would be until 2035 or so that the

9853_163

debt would mature.

9853_164

The financing went through in an oversubscribed bond sale in February 2021. Approximately $1.1

9853_165

billion in NIFA-backed bonds were sold out in less than two hours. The interest rate on the debt

9853_166

was approximately 1.3%. The debt taken on was not new debt but rather a restructuring. It saved the

9853_167

county approximately $435 million in debt service over the life of the 15-year bonds. The savings

9853_168

were enough that the expected hole in the county's budget as a result of the pandemic was

9853_169

effectively closed.

9853_170

The bonds carried a triple A rating from Fitch. It does keep NIFA in the picture until 2035.

9853_171

NIFA and the Blakeman administration

9853_172

In an interview Newsday conducted with Blakeman a few days after Election Day 2021, Adam Barsky,

9853_173

the chairman of NIFA, said he would work with Blakeman. "the same way I worked with Ed Mangano and

9853_174

Laura Curran, with a lot of respect." Barsky said the county was in "relatively good shape based on

9853_175

one-time resources, which are from the federal (pandemic) aid." He also referred to the large

9853_176

refinancing conducted by NIFA under the Curran administration as having put Nassau on more solid

9853_177

ground. "The question is how to use those funds to provide long-term structural balance to the

9853_178

budget," he was quoted as saying. "Utilizing the short-term resources for long-term expenses that

9853_179

will go on indefinitely will only dig the county into a deeper hole."

9853_180

In the November 8 issue of The Point, Newsday's daily politics newsletter, the question was raised

9853_181

how Blakeman and NIFA might work together. The article noted how the prior Republican county

9853_182

executive, Ed Mangano, joined with the county legislature in 2010 to end a home heating tax and

9853_183

blow a $40 million hole in the budget in the process. Given the extensive cuts in revenue that the

9853_184

Nassau Republicans promised during the 2021 election, which had just been completed at the time of

9853_185

the newsletter's publication, NIFA's Barsky raised the question of whether a similar scenario might

9853_186

play out next year. "We need to hear from the legislature and Bruce Blakeman and see what they plan

9853_187

to do," Barsky said.

9853_188

The newsletter article also noted that NIFA was two seats short of being at its full lineup of

9853_189

seven members.

9853_190

In December, when NIFA approved the 2022 budget, the final one of Curran's tenure, Barsky addressed

9853_191

the fact that Republicans in the election had promised large cuts in fees and taxes. Barsky said he

9853_192

has spoken with both Blakeman and legislative presiding officer Richard Nicolello about whether

9853_193

Republicans would try to enact the fee cuts in 2022. As quoted by Newsday, Barsky said, "Neither

9853_194

has committed to do one thing or another as of yet. I did explain to both of them that it really

9853_195

doesn't matter, because after we approve the budget, if there are things that take place

9853_196

post-budget that put the county out of balance, then NIFA will expect and require them to make

9853_197

necessary adjustments to account for whatever the change is. Whatever it is, if it puts a hole in

9853_198

the budget they're expected to fix that hole."

9853_199

Credit rating

9853_200

In August 2020, Fitch Ratings gave NIFA a AAA rating on approximately $400 million in sales

9853_201

tax-backed debt. In early November 2020 Fitch Ratings Service gave NIFA a short-term credit rating

9853_202

of F1 on an issue of variable rate bonds backed by the county's sales tax. That is Fitch's

9853_203

second-highest short-term credit rating. The AAA rating was affirmed in January 2021 when Fitch

9853_204

rated several new debt issuances.

9853_205

Moody's has had an Aa1 credit rating on NIFA since at least 2015. That is the second-highest level

9853_206

in its schedule of ratings.

9853_207

See also Buffalo Fiscal Stability Authority Development Authority of the North Country

9853_208

Erie County Fiscal Stability Authority Lower Manhattan Development Corporation

9853_209

Municipal Assistance Corporation for the City of NY New York State Housing Finance Agency

9853_210

State of New York Municipal Bond Bank Agency

9853_211

References External links NIFA website

9853_212

Nassau County, New York Politics of New York (state) Financial regulation in the United States

9854_0

Dr. Vyasanakere Prabhanjanacharya (); (born 15 June 1946), is an eminent Indian Sanskrit scholar

9854_1

known for his discourses on Sanatana Dharma. He is an expert in the Dvaita school of philosophy,

9854_2

founded by Sri Madhvacharya. Sri Prabhanjanacharya has written, edited and compiled numerous books

9854_3

on Veda, Upanishads, Ramayana, Mahabharata, Bhagavata etc. in the light of Madhva philosophy.

9854_4

He has won many titles and awards from Indian and International organizations. He was the chairman

9854_5

of the All India Madhwa Philosophical Conference held in Bangalore in 1994. He was the Principal

9854_6

and Professor (of Sanskrit) of the Government First Grade College in Bangalore. He opted for

9854_7

voluntary retirement from the job to focus on his spiritual and philosophical pursuits. He founded

9854_8

the Śrī Jayatīrtha Manuscript Library, which focuses on rare and unpublished works in Indian

9854_9

philosophy.

9854_10

He has also founded the Śrī Vyāsa Madhva Saṁśodhana Pratiṣṭhāna trust, which focuses on enriching

9854_11

Indian culture, tradition and values. The trust, through its publication wing, the Aitareya

9854_12

Prakaashana, publishes numerous works. Sri Prabhanjanacharya has critically edited Sarvamula

9854_13

Granthas - collection of all the works of Sri Madhvacharya, based on a 700-year old palmleaf

9854_14

manuscript. He has also brought out a series of books called StotraMālikā, which is a wonderful

9854_15

collection of hundreds of rare Stotras and stutis, mainly on the Vaiṣṇava tradition.

9854_16

Sri Prabhanjanacharya has also edited and published numerous books on the Mahabharata, Bhagavadgita

9854_17

and the Upanishads. In 2005, he was honoured with the President's award of Certificate of Honour

9854_18

(2005). He is the recipient of several prestigious awards including Rajyotsava Award-2002 (from

9854_19

Govt. of Karnataka), Vidyavachaspati, Jnanaratnakara, Vidyamanya Mahaprashasti and many others for

9854_20

his contribution to the Sanskrit, Indian Philosophy and Dvaita Vedanta.

9854_21

Early life

9854_22

Vyasanakere Prabhanjanacharya was born on 15 June 1946 in Vyasanakere, a village in the Bellary

9854_23

district of Karnataka. He obtained B.E. (Mechanical) from the Mysore University; B.A. from the

9854_24

Karnataka University; and M.A. (in Sanskrit) from the Bangalore University.

9854_25

He holds PhD from the Rashtriya Sanskrit Vidyapeetha; and D.Litt. from BHU for his critical edition

9854_26

of Sarvamūla works of Jagadguru Śrī Madhvācārya.

9854_27

Sanskrit works (edited/compiled/authored)

9854_28

Sanskrit Works (Edited critically with explanatory notes)

9854_29

1-7) ŚrīMadhvācāryapraṇītāḥ Sarvamūlagranthāḥ [श्रीमध्वाचार्यप्रणीताः सर्वमूलग्रन्थाः] - collective