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He was referring to Nassau's deficit-ridden past, which led to a state bailout and the imposition of a fiscal review board.
Since 2000, Nassau has been operating under a state-imposed fiscal review board and with state aid, which is estimated to be more than $70 million next year.
Repeated deficits and towering debt had required a $250 million state bailout and the creation of a state fiscal review board.
Nassau still faces hurdles on the road to solvency, said Richard M. Kessel, a member of the state fiscal review board, the Nassau Interim Finance Authority.
"We will publish the initial conclusions of the oil and gas fiscal review alongside the Autumn Statement".
She added: "The industry urgently awaits an announcement on the 28th Licensing Round, the appointment of the new chief executive officer of the Oil and Gas Authority and the outcome of the Treasury's fiscal review to ensure that the basin remains competitive on a global basis.
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When we came to office in June 2001, we appointed an independent fiscal-review panel.
The Nassau Interim Finance Authority, a state board overseeing the county's efforts to fix its fiscal problems, will review the approved 2001 budget and a fiscal plan for the following three years once all possible alterations are made.
Mr. Bersani has promised to pursue Mr. Monti's commitments to the European Union for greater fiscal responsibility, while reviewing policies that might have hurt workers and retirees.
Al Steinberg, chairman of the Local Finance Board, said state auditors would spend the next few weeks "surveying the landscape" of Camden's fiscal condition, including reviewing staffing levels and personnel qualifications, and determining whether any current fiscal managers need to be replaced or new ones hired.
She says it will complement, not replace, new mechanisms being created in Brussels: closer monitoring of national economic and budgetary policies; tougher sanctions to enforce fiscal rules; peer-review of budgets as part of the "European semester"; EU-wide economic guidelines called the annual growth survey; and the "Europe 2020" plan for structural reforms.
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