Home Laws & Taxes Mangano Delivers Third No-Property Tax Hike Budget

Mangano Delivers Third No-Property Tax Hike Budget

Restricts Spending While Delivering Essential Services

New York, NY – September 19, 2012 – (RealEstateRama) — For the third year in a row, Nassau County Executive Edward P. Mangano delivered to the Legislature a No-Property Tax Increase Budget that reduces spending for a second consecutive year and continues to deliver essential services for the people of Nassau. Aggressive fiscal management and a continued commitment to spending cuts is evident as County Executive Mangano and the Republican Legislative Caucus have cut over $290 million in spending from Nassau’s budget. Since 2009, County Executive Mangano has fostered a government of less spending, fewer employees and fewer appointees.

“This budget protects families and seniors while also paving the way for continued economic growth by holding the line on property taxes for a third year in a row and by restricting spending so that we never return to the poor fiscal policies of the past,” said County Executive Mangano. After two hard years of shared sacrifice, Nassau County is on a firm, stable path because of the tough and difficult choices we’ve made to cut spending and implement successful public-private partnerships. The progress we have made over the past two years ensures we never return to the days in which Nassau taxed too high, spent too much and reformed too little.”

The fiscal discipline and responsible budgeting choices made by County Executive Mangano and the Republican Legislative Caucus over the last two years addresses the fiscally challenging times in which we live and corrects wasteful past practices. Without raising property taxes, County Executive Mangano has addressed a $311 million deficit inherited from the prior administration and kept pace with double-digit increases in pension and health care costs, unfunded mandates, a stagnant economy and poor municipal practices. The administration has truly addressed fiscal challenges of historic proportions and has moved forward by implementing significant spending reductions and landmark reforms that together have laid the groundwork for recurring savings. Nassau’s fiscal problems evolved over a decade and are being structurally corrected in responsible and transparent budget plans advanced by the administration. While there is more work to be done, the County is clearly on a more efficient path to a brighter future.