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%
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 returnwhich grew by 62%, bringing the year-to-date growth in sales tax receipts to 11.2% or $53 million above that of 2012. Thissignificant increase in sales tax receipts, along with theNew York State Labor Department's recent reportindicating Nassau County is leading theState ofNew York in terms of job growth,is the result of County Executive Mangano'spolicy offreezing propertytaxes 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 That is why I repealed the Home Energy Tax and froze property taxes for the past three years.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 thatNassau is open for business. These strong sales tax returns, along withthereturn of thousands of jobs to Nassau County, isfurther evidence that our economic policies are benefitingall 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 attractingnew jobs in the fields of homeland security,composite manufacturingand the motion pictureand television industry.