Congratulations to the Tea Party for bankrupting their first county. 1 down, 5 thousand more to go.... Long Island Tax Cut Debacle A ‘Black Eye For The Tea Party’ In 2009, Republican Edward Mangano was one of the first politicians to channel the Tea Party’s anti-tax fervor into a political victory when he knocked off Democrat Tom Suozzi for Nassau County Executive in New York State. Suozzi was a... [more]
Congratulations to the Tea Party for bankrupting their first county. 1 down, 5 thousand more to go....
Long Island Tax Cut Debacle A ‘Black Eye For The Tea Party’
In 2009, Republican Edward Mangano was one of the first politicians to channel the Tea Party’s anti-tax fervor into a political victory when he knocked off Democrat Tom Suozzi for Nassau County Executive in New York State. Suozzi was a major political figure with ambitions for statewide office, and Magnano was a local legislator “given little chance of winning leading up to Election Day.”
Upon taking office, Mangano — who ran on both the Republican and Tax Revolt Party lines — made good on a key campaign promise. On his inauguration day, Mangano signed a repeal of an unpopular home energy tax, instituted by Suozzi. The tax was implemented two years before as part of a deferred-pay deal Suozzi brokered with public worker unions, which was intended to spread around the sacrifice to deal with the county’s budget problems.
In a special report, Reuters details how the repeal of that tax lead to a budgetary crisis and ultimately a takeover of the county’s finances by a state-appointed fiscal overseer. Noting that Mangano’s actions are “a black eye for the Tea Party,” the report explains how the Tea Party county executive had no plans for how to replace the lost tax revenue:
The home energy tax cost households on average $7.27 each month — a fraction of most tax bills. But in an area already paying some of the highest taxes in the country, it took on symbolic importance. [...]
[Mangano's] struggle began almost the minute he repealed the energy tax. “I’m not sure that (Mangano) understood the magnitude of the fiscal problems that he faced and he had promises from the campaign that he had to keep,” said Lawrence Levy, a dean at Hofstra University and a former member of the editorial board at Long Island daily Newsday. Eliminating the energy tax “blew a bigger hole in his budget and added to the problem with really no plan to replace the revenue,” he said.
http://thinkprogress.org/2011/01/28/tax-cut-debacle/#
SO to summarize thearticle for those who are not going to to read it, the teabagger county executive cut the energy tax and did not make up for the lost revenue. OOPS!
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Response by Socialist
about 15 years ago
Posts: 2261
Member since: Feb 2010
Special Report: A Long Island tax cut backfires on the Tea Party
(Reuters) - At his January 2010 inauguration, Tea Party-backed Republican Edward Mangano marched up to the podium, pen in hand. Even before being officially declared Nassau County Executive, he signed a repeal of an unpopular home energy tax.
The move elicited chants of "Eddie, Eddie, Eddie" from supporters assembled in the auditorium of Mangano's alma mater, Bethpage High School, 30 miles east of New York City.
"This is very cool and quite an honor," Mangano said as he gave his admirers a thumbs-up.
The fiscal consequences, however, were anything but cool. The repeal set Mangano on an immediate collision course with the state-appointed fiscal overseer, the Nassau County Interim Financial Authority, or NIFA. It culminated in NIFA seizing control of the wealthy New York county's finances on Wednesday.
Besides being a cautionary tale, the setback in Nassau County is a black eye for the Tea Party, the grassroots movement built around the core principles of constitutionally limited government, free-market ideology and low taxes.
Indeed, a close examination reveals that the affluent area's woes were exacerbated by missteps and miscalculations. Among other things, a Reuters review of dozens of public and private documents showed vague, circular answers to oversight panel queries and basic math errors in budget documents.
Ouch, apparently the situation in Nassau is worse than we thought. In addition to failing to pay for tax cuts, the Tea Party does not know how do do math ("basic math errors").
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Response by alanhart
about 15 years ago
Posts: 12397
Member since: Feb 2007
Socialist, your blame is misdirected in this case.
The Tea Party was merely the bull in the china shop that caused everything to fall.
The precarious placement of all the china happened over half a century or so of solid GOP leadership in Nassau County. Solidly corrupt, solidly inept, solidly destructive. At the end of it all, there was no way out. Poor Tea Party, walking into a mess that wasn't their making.
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Response by Socialist
about 15 years ago
Posts: 2261
Member since: Feb 2010
But the Tea Party made the problem 100 times worse by eliminating the energy tax.
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Response by alanhart
about 15 years ago
Posts: 12397
Member since: Feb 2007
Energy tax? What do they need an energy tax for? Long Island has plenty of cheap clean energy available from the Shoreham nuclear power plant.
You just don't understand Economics 101.
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Response by Socialist
about 15 years ago
Posts: 2261
Member since: Feb 2010
the tax was needed for REVENUE. Duh
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Response by somewhereelse
about 15 years ago
Posts: 7435
Member since: Oct 2009
You really think the $7.27 a month was the problem?
You might actually want to read the article. Note what the article actually talks about as the cause...
"But by the 1990s, both its economic and population growth had plateaued. At the same time, police salaries had ballooned. By 2000, a Nassau County cop could expect to earn over $100,000, including overtime."
Democrats were in power for 10 years up through November... a period where Long Island was marked by numerous financial corruption cases. The Democrats put on the tax to cover union costs, and never got concessions out of them.
Thats like blaming Obama for Lehman. Sound like the guy was in fact an idiot, but Long Island problems were baked in for over a decade.
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Response by alanhart
about 15 years ago
Posts: 12397
Member since: Feb 2007
... a decade beginning Tammany Hall moved to LI in the early 1960s, and converted to GOP. And those decades that followed.
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Response by falcogold1
about 15 years ago
Posts: 4159
Member since: Sep 2008
Nassau county with is huge tax base couldn't balance a budget under any conditions.
To call it a corrupt despicable county government is to insult corrupt despicable governments.
This is the county that spawned Al Damato. One eye on you the other on the prize.
That Claudia Cohen must throw one heck of a BJ.
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Response by jason10006
about 15 years ago
Posts: 5257
Member since: Jan 2009
It is bizarre. NC has like 2X the revenue per person of other rich counties like those around DC, or Orange or marin counnties in CA. And the COLA is actually the same as those places (actually LOWER than OC.) Yet they always can't find any money. Which makes me think some mobster or 20 has some somewhere...
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Response by Riversider
about 15 years ago
Posts: 13573
Member since: Apr 2009
Long Island politicians have had a long head start. Who needs the tea-party to bankrupt Long Island?
Look at the taxes collected by Nassau County one of the richest counties in the country, yet they can't manage a budget. Sometimes it's not what you take in , but what you spend. Who would have thunk?
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Response by Socialist
about 15 years ago
Posts: 2261
Member since: Feb 2010
Most of the best schools in NY are in Nassau. You can't have high quality services and not pay for them.
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Response by huntersburg
about 15 years ago
Posts: 11329
Member since: Nov 2010
Better than Westchester county?
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Response by avery
about 15 years ago
Posts: 153
Member since: Oct 2008
Some of the best public schools in the country (not just in NY) are in Nassau County. Jericho, Syosset, Great Neck...
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Response by 007
about 15 years ago
Posts: 195
Member since: Nov 2008
Hello to B.S socialist. How much are you willing to increase your annual tax in percentage? I am still waiting to read your answer from weeks ago? your love for unions will destroy us all.
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Response by hol4
about 15 years ago
Posts: 710
Member since: Nov 2008
jason10006: "It is bizarre. NC has like 2X the revenue per person of other rich counties like those around DC, or Orange or marin counnties in CA. And the COLA is actually the same as those places (actually LOWER than OC.) Yet they always can't find any money. "
Democrat union kickbacks at its finest
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Response by hol4
about 15 years ago
Posts: 710
Member since: Nov 2008
007: "Hello to B.S socialist. How much are you willing to increase your annual tax in percentage? I am still waiting to read your answer from weeks ago? your love for unions will destroy us all."
yep i love how he self-fisted his rhetoric about 'greedy Republican Wall Streeters' then blushed when data showed 7 out of 8 brokerage houses heavily voted...
...Democrat, you guessed it...
coincidence?? DC eatin off NY's crumbs yet again..
...so will Dems' were publicly wagging their fingers at Wall Street to give them good PR, I wonder how much increase in their pensions they received from said brokerage houses to quiet public outrage just long enough until...
What non-sense. As if education were 100% of the budget deficit.
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Response by alanhart
about 15 years ago
Posts: 12397
Member since: Feb 2007
"Democrat union kickbacks at its finest"
... that's ridiculous beyond comparison. Democrats have only been in there for a handful of years, after being completely shut out for decades. The place was run like a banana republic before that. It used to be -- at least through the 1990s -- that you couldn't get any County job, not even teenage summer jobs collecting parking fees at beaches, unless every voting-age member of your household was registered as GOP. Yes, they checked.
Democrats were only elected in the first place, in something of an unheard of revolution because the GOP had run budgetary matters so deeply into the red.
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Response by huntersburg
about 15 years ago
Posts: 11329
Member since: Nov 2010
>that you couldn't get any County job, not even teenage summer jobs collecting parking fees at beaches, unless every voting-age member of your household was registered as GOP.
Political patronage at the lowest levels. True and disgusting.
And goes to show why government should have as few jobs possible to hand out.
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Response by vic64
about 15 years ago
Posts: 351
Member since: Mar 2010
Tax reduction in LI is the cause of the financial problem of last year. The energy tax is minor, but the reduction in property tax was huge. My property tax was reduced by 10%. Closed to two thousand dollars per year last year.
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Response by vic64
about 15 years ago
Posts: 351
Member since: Mar 2010
I meant closed to two thousand dollars in reduction.
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Response by avery
about 15 years ago
Posts: 153
Member since: Oct 2008
"...you couldn't get any County job, not even teenage summer jobs collecting parking fees at beaches.."
@alanhart What beaches are you talking about? All public beaches that collect fees on Long Island are run by New York State as far as I know. Also, I happily worked at Jones Beach for many summers in my teenage years, and no member of my family is/was a registered Republican.
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Response by NYCMatt
about 15 years ago
Posts: 7523
Member since: May 2009
Cutting the tax wasn't the problem. Not cutting the spending was the problem.
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Response by Socialist
about 15 years ago
Posts: 2261
Member since: Feb 2010
"My property tax was reduced by 10%. Closed to two thousand dollars per year last year."
I hope you enjoyed that tax cut because now your taxes will likely go up more than it was lowered. A similar incident occurred in Hoboken a few years ago. They had low taxes, came close to going under, so the state stepped in and raised property taxes 50%.
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Response by huntersburg
about 15 years ago
Posts: 11329
Member since: Nov 2010
If they could just cut those expensive pensions that were extorted from the politicians in exchange for votes and based on overoptimistic returns expectations as well overly pessimistic lifespan expectations.
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Response by falcogold1
about 15 years ago
Posts: 4159
Member since: Sep 2008
Some of the best schools are in Nassau Co.
BECAUSE so of the countries most intellectual gene pool is located there.
Smart kids make schools look good. Motivated homogeneous communities make good schools. High median income makes for positive population of learners.
Special Report: A Long Island tax cut backfires on the Tea Party
(Reuters) - At his January 2010 inauguration, Tea Party-backed Republican Edward Mangano marched up to the podium, pen in hand. Even before being officially declared Nassau County Executive, he signed a repeal of an unpopular home energy tax.
The move elicited chants of "Eddie, Eddie, Eddie" from supporters assembled in the auditorium of Mangano's alma mater, Bethpage High School, 30 miles east of New York City.
"This is very cool and quite an honor," Mangano said as he gave his admirers a thumbs-up.
The fiscal consequences, however, were anything but cool. The repeal set Mangano on an immediate collision course with the state-appointed fiscal overseer, the Nassau County Interim Financial Authority, or NIFA. It culminated in NIFA seizing control of the wealthy New York county's finances on Wednesday.
Besides being a cautionary tale, the setback in Nassau County is a black eye for the Tea Party, the grassroots movement built around the core principles of constitutionally limited government, free-market ideology and low taxes.
Indeed, a close examination reveals that the affluent area's woes were exacerbated by missteps and miscalculations. Among other things, a Reuters review of dozens of public and private documents showed vague, circular answers to oversight panel queries and basic math errors in budget documents.
http://www.reuters.com/article/2011/01/27/us-taxes-nassau-teaparty-idUSTRE70Q5NY20110127
Ouch, apparently the situation in Nassau is worse than we thought. In addition to failing to pay for tax cuts, the Tea Party does not know how do do math ("basic math errors").
Socialist, your blame is misdirected in this case.
The Tea Party was merely the bull in the china shop that caused everything to fall.
The precarious placement of all the china happened over half a century or so of solid GOP leadership in Nassau County. Solidly corrupt, solidly inept, solidly destructive. At the end of it all, there was no way out. Poor Tea Party, walking into a mess that wasn't their making.
But the Tea Party made the problem 100 times worse by eliminating the energy tax.
Energy tax? What do they need an energy tax for? Long Island has plenty of cheap clean energy available from the Shoreham nuclear power plant.
You just don't understand Economics 101.
the tax was needed for REVENUE. Duh
You really think the $7.27 a month was the problem?
You might actually want to read the article. Note what the article actually talks about as the cause...
"But by the 1990s, both its economic and population growth had plateaued. At the same time, police salaries had ballooned. By 2000, a Nassau County cop could expect to earn over $100,000, including overtime."
Democrats were in power for 10 years up through November... a period where Long Island was marked by numerous financial corruption cases. The Democrats put on the tax to cover union costs, and never got concessions out of them.
Thats like blaming Obama for Lehman. Sound like the guy was in fact an idiot, but Long Island problems were baked in for over a decade.
... a decade beginning Tammany Hall moved to LI in the early 1960s, and converted to GOP. And those decades that followed.
Nassau county with is huge tax base couldn't balance a budget under any conditions.
To call it a corrupt despicable county government is to insult corrupt despicable governments.
This is the county that spawned Al Damato. One eye on you the other on the prize.
That Claudia Cohen must throw one heck of a BJ.
It is bizarre. NC has like 2X the revenue per person of other rich counties like those around DC, or Orange or marin counnties in CA. And the COLA is actually the same as those places (actually LOWER than OC.) Yet they always can't find any money. Which makes me think some mobster or 20 has some somewhere...
Long Island politicians have had a long head start. Who needs the tea-party to bankrupt Long Island?
Look at the taxes collected by Nassau County one of the richest counties in the country, yet they can't manage a budget. Sometimes it's not what you take in , but what you spend. Who would have thunk?
Most of the best schools in NY are in Nassau. You can't have high quality services and not pay for them.
Better than Westchester county?
Some of the best public schools in the country (not just in NY) are in Nassau County. Jericho, Syosset, Great Neck...
Hello to B.S socialist. How much are you willing to increase your annual tax in percentage? I am still waiting to read your answer from weeks ago? your love for unions will destroy us all.
jason10006: "It is bizarre. NC has like 2X the revenue per person of other rich counties like those around DC, or Orange or marin counnties in CA. And the COLA is actually the same as those places (actually LOWER than OC.) Yet they always can't find any money. "
Democrat union kickbacks at its finest
007: "Hello to B.S socialist. How much are you willing to increase your annual tax in percentage? I am still waiting to read your answer from weeks ago? your love for unions will destroy us all."
yep i love how he self-fisted his rhetoric about 'greedy Republican Wall Streeters' then blushed when data showed 7 out of 8 brokerage houses heavily voted...
...Democrat, you guessed it...
coincidence?? DC eatin off NY's crumbs yet again..
Goldman ‘Should Win Big’ Under New Regulations
http://dealbook.nytimes.com/2010/08/11/goldman-should-win-big-under-new-reform-law/
...so will Dems' were publicly wagging their fingers at Wall Street to give them good PR, I wonder how much increase in their pensions they received from said brokerage houses to quiet public outrage just long enough until...
Goldman Boosts Pay of Partners
http://online.wsj.com/article/SB10001424052748704680604576110593704287346.html
What non-sense. As if education were 100% of the budget deficit.
"Democrat union kickbacks at its finest"
... that's ridiculous beyond comparison. Democrats have only been in there for a handful of years, after being completely shut out for decades. The place was run like a banana republic before that. It used to be -- at least through the 1990s -- that you couldn't get any County job, not even teenage summer jobs collecting parking fees at beaches, unless every voting-age member of your household was registered as GOP. Yes, they checked.
Democrats were only elected in the first place, in something of an unheard of revolution because the GOP had run budgetary matters so deeply into the red.
>that you couldn't get any County job, not even teenage summer jobs collecting parking fees at beaches, unless every voting-age member of your household was registered as GOP.
Political patronage at the lowest levels. True and disgusting.
And goes to show why government should have as few jobs possible to hand out.
Tax reduction in LI is the cause of the financial problem of last year. The energy tax is minor, but the reduction in property tax was huge. My property tax was reduced by 10%. Closed to two thousand dollars per year last year.
I meant closed to two thousand dollars in reduction.
"...you couldn't get any County job, not even teenage summer jobs collecting parking fees at beaches.."
@alanhart What beaches are you talking about? All public beaches that collect fees on Long Island are run by New York State as far as I know. Also, I happily worked at Jones Beach for many summers in my teenage years, and no member of my family is/was a registered Republican.
Cutting the tax wasn't the problem. Not cutting the spending was the problem.
"My property tax was reduced by 10%. Closed to two thousand dollars per year last year."
I hope you enjoyed that tax cut because now your taxes will likely go up more than it was lowered. A similar incident occurred in Hoboken a few years ago. They had low taxes, came close to going under, so the state stepped in and raised property taxes 50%.
If they could just cut those expensive pensions that were extorted from the politicians in exchange for votes and based on overoptimistic returns expectations as well overly pessimistic lifespan expectations.
Some of the best schools are in Nassau Co.
BECAUSE so of the countries most intellectual gene pool is located there.
Smart kids make schools look good. Motivated homogeneous communities make good schools. High median income makes for positive population of learners.
some of