Friday, June 5, 2015
Real Esate, Banking & Finance
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tHe PULSe OF tHe PeNiNSULA
vol. 90, No. 23
gUide tO ReAL eStAte, BANKiNg ANd FiNANCe pAGe 29-44
015 ection • june 5, 2 cations special s dia / litmor publi a blank slate me
Big tax breaks, few jobs from Nassau idA
tOWN OKS tRANSgeNdeR PROReCtiONS pAGe 6
ROSLyN BiZ tied tO SKeLOS PROBe pAGe 49
S TA N d i N G u p T o B u l ly i N G
Maragos calls for change; IDA cites 2013 Sandy relief By B i LL SAN ANtONiO Tax breaks on projects approved by the Nassau County Industrial Development Agency were more than 10 times higher per job created than the state’s median level in 2013, a year that saw statewide increases on exemptions awarded to businesses but fewer jobs created, according to a recently issued report from state Comptroller Thomas DiNapoli’s office. Having netted just 1,835 jobs in 2013, the most recent year for which statistics are available, Nassau lagged behind nearby Suffolk (14,080) and Westchester (7,982) counties despite approving more projects (278) and exemptions ($69,165,084) than its downstate peers, according to the report. Nassau granted $23,611 in exemptions for every job it gained, eclipsing Suffolk ($644) and Westchester ($1,563), according to the
report. DiNapoli’s office calculated the state median at $2,095 per job gained. In addition, Nassau recouped just 37 percent of the exemptions through payment-in-lieu-of-taxes agreements with businesses, less than the 59 percent recovered by Suffolk and the 67 percent Westchester got back. Nassau issued $43,325,571 in net tax exemptions — tax exemptions minus payments in lieu of taxes — greater than the $13,164,205 issued in Suffolk and $25,730,802 in Westchester. “The State Comptroller’s audit demonstrates that the Nassau IDA has badly underperformed the rest of the State and the region,” Nassau County Comptroller George Maragos said in a statement. “The Nassau IDA is costing the county money and jobs. This is unacceptable and immediate change is required.” Maragos said he would call for a restructuring of the county IDA Continued on Page 59
PHOTO BY MARTHA GORFEIN.
Students, parents and community activists participated in the 3rd Annual Bullying Awareness Walk at North Hempstead Beach Park on May 30. See page 12.
Team Kreitzman gets help from their friends By A dA m L i d g e t t Faced with a contested election on June 16, Village of Great Neck Mayor Ralph Kreitzman and trustees Mitch Beckerman and Jeff Bass have
gained the support of wide range of state, federal and village officials. Letters to the editor submitted to Blank Slate Media over the past several weeks have included endorsements
from Congressman Steve Israel, state Sen. Jack Martins, state Assemblywoman Michelle Schimel and a number of village mayors. Kreitzman said he had sepContinued on Page 56
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