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The options were proposed by the county as part of a budget contingency plan presented last week to the Nassau Interim Finance Authority, a state panel that monitors the county's finances.
Concerned about deepening economic woes, NIFA last month directed the county to develop a contingency plan to deal with unforeseen budget shortfalls.
The agency, which has the power to take over Nassau's finances if the county doesn't balance its books, will consider the county 2009 budget and contingency plan on Dec. 3.
"Everything has to be on the table when things might spiral out of control," said Legis. Judy Jacobs (D-Woodbury), chairwoman of the county legislature's Budget Review committee. "A lot of things on this plan are frightening at best, horrendous at worst."
She said, however, that County Executive Thomas Suozzi has already shown his ability to manage the county's finances and to handle the current economic difficulties.
Deputy County Executive Thomas Stokes said Suozzi had already cut $100 million from his $2.6-billion budget for 2009 when he presented it to the legislature Sept. 15.
But Lehman Brothers investment bank failed that same day, precipitating a plunge in the stock market followed by a spike in interest rates the county is paying on its debt.
The county legislature cut another $29.5 million from the budget when it approved it last month, he said.
"We're at a point now where we've proactively taken action to make this budget balanced and reduce the risk," Stokes said. "We still have a lot of work to do."
He said the county is counting on employee unions "to come to the table" with savings.
"We're still in binding arbitration," said Jerry Laricchiuta, president of the Civil Service Employees Association Nassau Local 830. "I have no idea what the award will be. I can't comment on anything ... until I see what I'm getting.
"My members have to live in Nassau County and their bills are going up, too."
Stokes said the county would also look to state lawmakers to approve new revenue-making sources, such as red-light cameras.
Stokes said another option in the county's contingency plan -- a $5-million reduction in its projected health care premiums -- appears to be becoming a reality.
He said the state has agreed to reduce the county's premium increase because of past overpayments.
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