For the fourth straight year, Nassau County Executive Ed Mangano has delivered for the taxpayers of Nassau County by once again releasing a no-property-tax-increase budget. The proposal reduces spending for the third consecutive year while continuing to deliver essential services to county residents.
Since coming into office four years ago, Mangano has worked assiduously to fulfill his promise to the people of Nassau that he would hold the line on taxes and at the same time cut the deficit. As a result of his tough fiscal policies and tireless efforts to increase economic development, residents have a lot to look forward to. After years of red tape and failed proposals, the Nassau Hub redevelopment plan will soon come to fruition, and the outdated Nassau Coliseum will be transformed into a state-of-the-art sports and entertainment complex.
The best part about this deal is that taxpayers don’t have to put one penny into the project. Isn’t that a great problem? All Long Islanders have to do is sit back and wait to enjoy what will be one of the nation’s leading mixed-use arenas.
Taxpayers are getting this Coliseum at a premium. Several leading economists have confirmed that this is a generous deal for the county. The $229 million project could be a windfall in profit, at no cost to the taxpayer. It’s a dream come true.
Mangano has vision. The Coliseum plan will generate approximately $10.9 billion in economic activity over the next 30 years, including the addition of 1,331 construction jobs and 2,500 full-time, part-time and seasonal positions. We welcome the opportunity for new permanent jobs.
During the previous administration of Tom Suozzi, Mangano said in a recent interview with the Herald, “The only answer [Suozzi] ever had to a problem was to raise taxes, raise taxes, raise taxes and to dream up new taxes. His only vision is to come up with new ways to tax residents rather than to come up with ways to address the issues.”