What does this mean for you? Well, it means that the county won't be making as much money off property taxes from these lots. Prices stay stagnant; revenue goes down. Couple that with a collapsing sales tax base, a new cigarette tax that over time will only cut revenues as consumption is cut and the probable failure of Suozzi-gimmicks (video poker, fast food tax and red light cameras) in Albany or practice, we have a bad situation.
That means more of the county's revenue will be coming from your property tax dollars. Translation -- taxes go up. And keep in mind, this article came out after the NIFA report announced that the deficit (download the NIFA report at edmangano.com and check back here daily for summaries and highlights) was going to go as high as a quarter of a BILLION dollars.
With this in mind, don't you think we need a county executive with a proven track record? Don't you think we need a county executive with the discipline and knowledge to focus on our fiscal troubles? For eight years, the current county executive has: run for governor. Begged for the Senate seat that went to Gillibrand. Begged for Dick Ravitch's job. Been tagged as a potential AG.
If you or I spent all of our time on the job looking for our next job, we'd be shown the door. As a public servant, Suozzi should be held to a higher standard. Show him the door this November.
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