In order to address the unprecedented and widespread property damage caused by Hurricane Sandy and recognizing that families and businesses are struggling to recover, Nassau County Executive Edward P. Mangano today announced a Post-Hurricane Sandy Assessment Stabilization Plan to prevent large swings in assessed values and provide property owners with a process to report and document structural damages with the Department of Assessment (DOA).
Nassau County has the only dysfunctional assessment system of its kind in the United States of America. Governed by a unique New York State law and protected by prior politician’s lack of will to tackle the dysfunction, the assessment system has generated $1.6 billion in debt and a $100 million in errors annually for the last decade. Nassau County Executive Edward P. Mangano, with the support of the Republican Majority Caucus in the Legislature, today ends the accumulation of residential tax assessment debt to save taxpayers $30 million. For the first time in the history of Nassau County, every residential challenge has been corrected prior to finalizing the assessment roll thanks to reforms implemented by County Executive Mangano.
A Letter from New Yorkers for Growth
Dear Friends of Fiscal Sanity,
New Yorkers for Growth applauds Nassau County Executive Ed Mangano in his efforts to end Nassau’s reliance on debt — and for his efforts to begin paying it off.
Joye Brown’s column in Newsday Sunday, October 30th, inaccurately describes the circumstances of the Nassau County Interim Finance Authority’s (NIFA) decision to allow Nassau County to end borrowing in 2015 for tax refunds accumulated over the past decade.
After a decade of higher taxes and lavish spending, Nassau is now on the road to recovery because of the tough decisions made to take on the status quo.
For too many years, Nassau ignored its future and settled for quick fixes rather than address the real underlying problems. This band-aid approach left our great County on life support.