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Property tax rates on LI aren't *all* that high (#198 Nassau Co. @ 1.63% & #257 Suffolk Co. @ 1.55%). People just buy too expensive of a house for their income (more than 3-4x gross household income).
In the highest property tax rate counties (ie. #1 Orleans County, NY @ 3.04%) people buy houses that are less than twice their household income (ie. Orleans Co., NY it's 1.5 x income with a tax bill that's about 4.56% of income).
What does it matter that the ratio of taxes to my house value are 1.6%? I can't monetize my house.
What does matter is my county plus school taxes are ~15% of my take home pay up from 8% fifteen years ago.
Teachers also can open a 403 account to direct pre-tax income to provide additional funds for retirement.
Yes, that's IN ADDITION TO their taxpayer-funded pensions.
In stark contrast is the private sector worker (most of the taxpayers paying for teachers' pensions) who have a 401k mostly or solely funded by ourselves INSTEAD OF an employer-funded pension.
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Originally Posted by LIGuy1202
Property tax rates on LI aren't *all* that high (#198 Nassau Co. @ 1.63% & #257 Suffolk Co. @ 1.55%). People just buy too expensive of a house for their income (more than 3-4x gross household income).
In the highest property tax rate counties (ie. #1 Orleans County, NY @ 3.04%) people buy houses that are less than twice their household income (ie. Orleans Co., NY it's 1.5 x income with a tax bill that's about 4.56% of income).
But if you look at the school tax(s) I think you would find LI far exceeds Orleans County. Orleans county has a median home value of $127k versus Nassau County which is $475K. This data is from city data and are median values either way COL in Nassau is over 141% of the US average.
It would seem that people are going to spend more for housing regardless....
Teachers also can open a 403 account to direct pre-tax income to provide additional funds for retirement.
They cry poverty all the time, but when was the last time you saw them volunteer to show you their pay stub? the value of their pension account? the contract dictating full healthcare benefits for them and their spouse at retirement for FREE!, they practice more religion than any other occupation, they get all the state, local and federal holidays off, work 180 days a year and the list continues. Please - underpaid they are not, overworked? compared to what? Provide the best education? really, why can't the graduating students find employment then? - I know, I know, it's beyond their control, its someone else's fault.
There's gonna be a reckoning when the pension fund runs out of money. Make sure you go protest in Albany - I'm sure that will go over well as they decide whether they should feed the masses or the select few - don't worry, that time is coming sooner than you might believe.
They cry poverty all the time, but when was the last time you saw them volunteer to show you their pay stub? the value of their pension account? the contract dictating full healthcare benefits for them and their spouse at retirement for FREE!, they practice more religion than any other occupation, they get all the state, local and federal holidays off, work 180 days a year and the list continues. Please - underpaid they are not, overworked? compared to what? Provide the best education? really, why can't the graduating students find employment then? - I know, I know, it's beyond their control, its someone else's fault.
There's gonna be a reckoning when the pension fund runs out of money. Make sure you go protest in Albany - I'm sure that will go over well as they decide whether they should feed the masses or the select few - don't worry, that time is coming sooner than you might believe.
Support a NYS constitutional convention. In order to change the pension system in NYS, our constitution needs to be amended.
Unless you want a country of stupid teachers, stupid police officers, stupid social workers and so on, I don't understand why anyone would advocate in favor of making public employment less competitive than private than it already is. That being said, most teachers that I know complain way too much to be sympathetic at all.
I don't necessarily agree that there needs to be a state constitutional amendment to fix the pension system. All that's required is to increase employee contributions to make the system less overbearing on local and state budgets. 401ks, while now standard elsewhere, are usually a pretty bum deal for employees and by making it a voluntary system you end up with the large percentage of baby boomers retiring with no savings whatsoever aside from real estate. With few prospects for promotion outside of administration in the teaching field, I could see it being fairly tough to attract talent without the pension/benefits.
I don't necessarily agree that there needs to be a state constitutional amendment to fix the pension system. All that's required is to increase employee contributions to make the system less overbearing on local and state budgets. 401ks, while now standard elsewhere, are usually a pretty bum deal for employees and by making it a voluntary system you end up with the large percentage of baby boomers retiring with no savings whatsoever aside from real estate. With few prospects for promotion outside of administration in the teaching field, I could see it being fairly tough to attract talent without the pension/benefits.
Not on LI. Not at the salaries they are giving for a less than full work year.
Unless you want a country of stupid teachers, stupid police officers, stupid social workers and so on, I don't understand why anyone would advocate in favor of making public employment less competitive than private than it already is. That being said, most teachers that I know complain way too much to be sympathetic at all.
The "if we cut public spending on teachers, cops, etc... we will get stupid teachers, stupid cops, etc..." does not wash. From 2008, nationwide, approximately 25% of all students were educated in private schools where the base salary of a teacher is a full 25% lower than public school teachers. We can easily allow the determination of teacher's salaries be determined by some market forces without losing any quality. Regarding police forces, most municipal police forces require at most a couple of semesters of college, not a very high hurdle.
I don't necessarily agree that there needs to be a state constitutional amendment to fix the pension system. All that's required is to increase employee contributions to make the system less overbearing on local and state budgets. 401ks, while now standard elsewhere, are usually a pretty bum deal for employees and by making it a voluntary system you end up with the large percentage of baby boomers retiring with no savings whatsoever aside from real estate. With few prospects for promotion outside of administration in the teaching field, I could see it being fairly tough to attract talent without the pension/benefits.
In my SD they receive hundreds of resumes per job opening. I was told, by a board member, a couple of years back for a HS opening they received 1500 resumes. They could easily offer zero pension and cut salaries and they would still get applicants from Columbia Teacher's College.
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