Mangano Policy Of Freezing Property Taxes Results In Strong Sales Tax Growth And Job Creation

New Quarterly Sales Tax Receipts Indicate Growth at 11.2%

Mineola, NY – A result of Nassau County Executive Edward P. Mangano’s policy of freezing property taxes for three straight years, budget officials today received Nassau’s quarterly sales tax return which grew by 62%, bringing the year-to-date growth in sales tax receipts to 11.2% or $53 million above that of 2012.

This significant increase in sales tax receipts, along with the New York State Labor Department’s recent report indicating Nassau County is leading the State of New York in terms of job growth, is the result of County Executive Mangano’s policy of freezing property taxes for three straight years.

County Executive Mangano stated, “My administration knows that high taxes kill jobs and hurt the local economy.  That is why I repealed the Home Energy Tax and froze property taxes for the past three years.  My policies of freezing taxes have sent a clear and loud message to employers that Nassau is open for business.  These strong sales tax returns, along with the return of thousands of jobs to Nassau County, is further evidence that our economic policies are benefiting all residents.” 

County Executive Mangano and his economic development team have helped create and retain more than 19,000 private sector jobs in Nassau County.  Most recently, Nassau County won a heated competition with New Jersey to attract the International Headquarters of Hain Celestial.  The administration has also bolstered local job growth by attracting new jobs in the fields of homeland security, composite manufacturing and the motion picture and television industry.

 

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About nassaucountynewsnetwork

The County Executive of Nassau County,NY
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