East Meadow Resident Named New Long Beach Comptroller

Long Beach City Manager Jack Schnirman and the new city council have tapped Nassau County Budget Director Jeffrey Nogid, an East Meadow resident, to be Long Beach’s new comptroller.

The announcement comes during what the city referred to as a "time of inherited fiscal crisis in Long Beach."

“With the current financial state of our city, we look forward to working with Jeffrey Nogid who brings the type of experience needed to get our city’s finances on the road to recovery,” Schnirman said in a release Thursday.

Nogid, 47, has developed and managed a $3 billion operating budget for Nassau County, where he has been responsible for overseeing a staff of 20, while managing the office of management and budget’s day-to-day operations. An original member of the county’s “CountyStat” performance measurement effort, Nogid has won four consecutive Budget Presentation Awards from the Government Finance Officers Association.

Additionally, Nogid previously served as the county’s debt manager, developing financial strategy that delivered 13 bond rating increases, saving more than $38 million. He has managed relationships with Wall Street rating agencies, the state oversight board, federal and New York State officials, and labor unions.

“Mr. Nogid has a proven track record of success when it comes to cutting costs and cash management, both in the private and public sector,” City Council President Fran Adelson said. “The knowledge he brings in terms of strategic planning, spending controls, accountability and process improvement will help enable us to bring our city back to fiscal stability.”

Prior to working in Nassau, Nogid was a manager in the Enron Corp. treasury department, where he managed more than $4 billion in commercial paper and loan participation programs.

Nogid's appointment has the bipartisan support of all five members of the Long Beach City Council.

Newsday on Friday reported that Nogid will be paid $145,000 per year, $15,000 more than his salary with Nassau. Sandra Clarson, who Nogid will replace in Long Beach, earns about $130,000.