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Mangano’s Economic Policies Result in Stronger Job Market - Unemployment Rate Declines as Jobs Return to Nassau County

Nassau County Executive Edward P. Mangano’s economic policies of freezing property taxes for four straight years and creating local jobs have resulted in increased sales tax receipts and lower unemployment. This week, the New York State Department of Labor released statistics indicating a drop in unemployment to 5.9% this October marks the first time the unemployment rate has fallen below 6% since 2008. Several weeks ago, budget officials received Nassau’s quarterly sales tax return which grew by 17%, bringing the year-to-date growth in sales tax receipts to over 9% or $68 million above that of 2012. This significant increase in sales tax receipts, along with Nassau County having an unemployment rate under 6%, is clearly the result of County Executive Mangano’s economic and job creation policies.