Nassau County, N.Y., Hires Company to Help Save up to $25M

In an effort to reduce spending and prevent a property tax hike, Nassau County Executive Edward Mangano has entered into a partnership with an asset management technology company that could save up to $25 million annually for the county on New York’s Long Island. Analysts from Universal Management Technology Solutions Inc. will work with county officials to review spending and contracted services, as well as inventory and usage of purchased products to identify and obtain agency savings. The firm will get paid 14 cents on each dollar saved, only after savings for Nassau are realized, according to the county’s news service.

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