Governor Cuomo Says Reforms Mean $44 million Savings for Orange County Over Next 5 Years - Only Time Will Tell

By
Real Estate Agent with Shahar Management

For years, New York State has passed laws, often called mandates, that add to the costs of local government.  Public employee pension costs are one of the most expensive of these mandates.  For example, over the last ten years, public pension costs in our state have risen over 650%.

The Governor’s proposed modification of the state’s pension system alone would save Orange County more than $26 million. The proposed pension plan would require future employees to pay more into their own pensions and would begin to bring our pension system in line with other states. The pension changes do not affect any current employees.

Orange County will also save over $11 million from Governor Cuomo’s proposed 3-year takeover of the growth of Medicaid costs. Click here to read more about the Governor’s proposed reforms.

 

The need for reform and the benefits of mandate relief are obvious but is this the answer?   Click here to share this information about county savings with friends and family.

 

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SHAHAR MANAGEMENT

 

Debbie Walsh, GRI, CNE, CHMS, REM | Office (845) 283-3036 |

website www.viewhudsonvalleyhome.com | search for homes

If you are Buying, Selling or Relocating to the Hudson Valley area and need help from a professional REALTOR®, I would be happy to assist you! Please visit my Hudson Valley website for property searches and to sign up for free listing alerts and other information.

 

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John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

Deb - It's scary times for all of us and I don't see any simple or easy answers. 

Feb 29, 2012 01:25 AM #1
Rainmaker
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Debbie Walsh
Shahar Management - Middletown, NY
Hudson Valley NY Real Estate 845.283-3036

John- Me either.  We can only hope for the best!

Feb 29, 2012 01:39 AM #2
Rainmaker
841,158
Joshua Zargari
MJ Decorators Workshop LI staging and home decorating - Lynbrook, NY
MJ Decorators Workshop

I do hope that better days are upon us.

 

Feb 29, 2012 07:09 AM #3
Rainmaker
680,152
Patty Da Silva, Davie, Southwest Ranches Cooper City, Plantation, Weston, REALTOR
BROKER of Green Realty Properties® - 954-667-7253 - Davie, FL
Top Listing Broker

Debbie,

 

Really, only time will tell. I hope this works and that the savings are truly realized and not only estimated.

Feb 29, 2012 09:36 AM #4
Rainmaker
897,705
Debbie Walsh
Shahar Management - Middletown, NY
Hudson Valley NY Real Estate 845.283-3036

Josh- Me too!

Patty- It is time for a change of season!

Mar 01, 2012 04:03 AM #5
Rainmaker
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Charles Stallions
Charles Stallions Real Estate Services - Pensacola, FL
800-309-3414 - Pensacola, Pace or Gulf Breeze, Fl.

It really is simple, live within a budget and cut what ever the percentage is across the board and all parties are cut evenly.

Mar 13, 2012 10:45 AM #6
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