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One wonders why someone would leave the most happening place in the country (Arlington) to move to Suffolk? Was it the public sector job that pays roughly 4,682 times more?
No, I'm in publishing. Helps to be near New York.
However, my SO is one of Long Island's unionized civil servants, so here we stay until he gets his pension.
Regarding credit ratings, let's remember how Suozzi improved the credit ratings of the county: by raising taxes 20% and getting a 100 million dollar infusion from NIFA. Under those circumstances, any idiot can improve the county's credit rating.
At least Mangano is trying to balance the budget without raising taxes.
Regarding credit ratings, let's remember how Suozzi improved the credit ratings of the county: by raising taxes 20% and getting a 100 million dollar infusion from NIFA. Under those circumstances, any idiot can improve the county's credit rating.
At least Mangano is trying to balance the budget without raising taxes.
Suozzi did what was necessary when he took over an absolute disaster. The county got in this situation in the first place because Gulotta wouldn't cut expenses. His solution was to borrow money to the point where the fiscal review board took over. I recall his great posturing of how he was holding the line on taxes while he borrowed the county into bankruptcy.
So here we are again 10 years later and the big announcement from our county exec is we held the line on taxes. Maybe you didn't read the link on the previous page here is the same from Newsday. Yes he held the line on taxes, lets celebrate. Looks like Gulotta reincarnated.
"For the first time in a decade, Nassau County's credit has been downgraded by a national ratings agency.
Moody's Investors Service dropped Nassau's credit rating from Aa3 to A1 and also put the county on a negative outlook, signaling possible future downgrades.
A drop in the credit rating means higher interest costs for the county when it borrows to pay expenses."
Regarding credit ratings, let's remember how Suozzi improved the credit ratings of the county: by raising taxes 20% and getting a 100 million dollar infusion from NIFA. Under those circumstances, any idiot can improve the county's credit rating.
At least Mangano is trying to balance the budget without raising taxes.
Suozzi actually campaigned on that increase because of how bad things were, we had no options at that point.
Now we are going back to doing the same exact things that we did for years under Gullootta which wound up resulting in those junk bond ratings of 10 years ago in the first place.
Suozzi actually campaigned on that increase because of how bad things were, we had no options at that point.
Now we are going back to doing the same exact things that we did for years under Gullootta which wound up resulting in those junk bond ratings of 10 years ago in the first place.
So I'm guessing that you would support a tax increase, just as Suozzi did?
Maybe you haven't heard that we're in the midst of the greatest recession/depression in 80 years ... and you want to raise taxes? I think that I'd rather see Mangano decrease the size of county government and deal with the incredible financial mess that Suozzi handed him as best he can without raising taxes. Funny how Suozzi, despite all of the tax increases and cash infusions, still managed to hand Mangano a budget deficit of 230 million. Care to explain that?
Suozzi did what was necessary when he took over an absolute disaster. The county got in this situation in the first place because Gulotta wouldn't cut expenses. His solution was to borrow money to the point where the fiscal review board took over. I recall his great posturing of how he was holding the line on taxes while he borrowed the county into bankruptcy.
So here we are again 10 years later and the big announcement from our county exec is we held the line on taxes. Maybe you didn't read the link on the previous page here is the same from Newsday. Yes he held the line on taxes, lets celebrate. Looks like Gulotta reincarnated.
"For the first time in a decade, Nassau County's credit has been downgraded by a national ratings agency.
Moody's Investors Service dropped Nassau's credit rating from Aa3 to A1 and also put the county on a negative outlook, signaling possible future downgrades.
A drop in the credit rating means higher interest costs for the county when it borrows to pay expenses."
Actually, Gulotta got into trouble not because he wouldn't decrease expenses, but because he wouldn't raise taxes. The GOP leadership wouldn't permit it. 8 years without a tax increase. That was the problem.
So I'm guessing that you would support a tax increase, just as Suozzi did?
Maybe you haven't heard that we're in the midst of the greatest recession/depression in 80 years ... and you want to raise taxes? I think that I'd rather see Mangano decrease the size of county government and deal with the incredible financial mess that Suozzi handed him as best he can without raising taxes. Funny how Suozzi, despite all of the tax increases and cash infusions, still managed to hand Mangano a budget deficit of 230 million. Care to explain that?
The reason we have the current mess is a direct result of the downturn in the national economy over the past 2 1/2 years which has led to large losses in sales tax revenues, which is the bulk of the current problem.
As far as the issue of increasing taxes. Would I support a repeat of the 19% increase Suozzi put forth (and campaigned on) during his first year in office to get us out of the Gullotta disaster? No, for starters we aren't currently at junk bond status, and unlike then our current problems has much more to do with the problems resulting from the national climate rather than gross mismanagement. Now, I would support something along the lines that was similar to the 3.9% increase we had in the county taxes last year (roughly $50-$60 for most taxpayers)
Following very closely to the Gullotta footprint is not wise fiscal policy.
The reason we have the current mess is a direct result of the downturn in the national economy over the past 2 1/2 years which has led to large losses in sales tax revenues, which is the bulk of the current problem.
As far as the issue of increasing taxes. Would I support a repeat of the 19% increase Suozzi put forth (and campaigned on) during his first year in office to get us out of the Gullotta disaster? No, for starters we aren't currently at junk bond status, and unlike then our current problems has much more to do with the problems resulting from the national climate rather than gross mismanagement. Now, I would support something along the lines that was similar to the 3.9% increase we had in the county taxes last year (roughly $50-$60 for most taxpayers)
Following very closely to the Gullotta footprint is not wise fiscal policy.
Nassau was going downhill while the markets, RE, etc were all on fire. To blame a downturn on the poor progression is hardly agreeable.
Best fiscal policy would be to completely SLASH budgets and hold benefits/salaries at minimal levels if they are unable to be downgraded.
Actually, Gulotta got into trouble not because he wouldn't decrease expenses, but because he wouldn't raise taxes. The GOP leadership wouldn't permit it. 8 years without a tax increase. That was the problem.
He eventually did decrease expenses to a degree but no where near todays levels. He didn't raise real estate taxes but he most certainly raised the sales tax and other fees, that is why we are so dependent on the economy. If we didn't have the economic down turns in 2001 and 2008 Suozzi would have balanced the budget and been re-elected. Same for Mangano the sales tax is a key solution, not a great way to run a county.
Letus not forget that Mangano was on the Nassau County Legislature that approved those Gulotta budgets all those years and now it appears we have more of the same.
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