Monthly Archives: July 2011

LET NY WORK IS GREAT NEWS FOR MANDATE RELIEF – WCA President William Mooney to Speak at Nov. 28 BEST4NY Meeting

A significant development for statewide mandate reform has just occurred with the formation of a statewide coalition called LET NY WORK. The coalition consists of 11 leading business, local government and education organizations with a six-poin

t plan to achieve mandate relief. The 11 coalition members are:

Associated General Contractors of New York State (Mike Elmendorf, President/CEO)
Business Council of New York State (Heather Bricetti, Acting CEO and President)
Lawsuit Reform Alliance of New York (Tom Stebbins, Executive Director)
National Federation of Independent Business (Mike Durant, NYS Director)
New York Conference of Mayors (Peter A. Baynes, Executive Director)
New York Farm Bureau (Jeff Williams, Manager of Governmental Relations)
New York State Association of REALTORS (Duncan MacKenzie, CEO)
New York State Council of School Superintendents (Robert Reidy, Executive Director)
New York State School Boards Association (Timothy Kremer, Executive Director)
Unshackle Upstate (Brian Sampson, Executive Director)
Westchester County Association (Bill Mooney, President)

Those focused on education should note particularly, the New York State Council of School Superintendents.

Coalition members issued similar press releases about LET NY WORK, for example:

http://blog.nyscoss.org/2011/11/01/council-joins-mandate-relief-coalition/
http://www.bcnys.org/whatsnew/2011/let-ny-work-media-packet-0111.pdf
http://www.unshackleupstate.com/news/press-releases/let-ny-work
http://www.nycom.org/documents/let-ny-work-media-packet-0111.pdf

A Westchester news story is at: http://westfaironline.com/2011/17096-action-plan-for-new-york/

William Mooney, President of coalition member Westchester County Association, explained LET NY WORK at BEST4NY's November 28, 2011, meeting.

Video: Robert Reidy, Executive Director of coalition member NYS Council of School Superintendents, discusses mandate relief and LET NY WORK in a 12 minute video at:

http://polhudson.lohudblogs.com/2011/11/01/live-video-member-of-let-ny-work-coalition-discusses-mandate-relief/

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BEST4NY – LEGISLATIVE ADVOCACY – 2011 Highlights

             1ST HIGHLIGHT.   Passage of the tax cap last June was an important step forward for mandate relief.    On May 10, 2011, before the Legislature passed the tax cap, BEST4NY executive committee members Jim McCauley, Judy McGrath, an

d Howland Robinson visited Albany to support a rally in favor of the tax cap.    The rally was sponsored by Long Islanders for Educational Reform (“LIFER” – see GRASSROOTS above) .  There were morning speeches by endorsers of the cap.   Opponents of the cap attended also – to obstruct the rally by drowning speakers out with opposition chants and to usurp the event for their own public relations purposes.  Ralliers new to such tactics were shocked as their attempts to peacefully communicate their views in public assembly were obstructed by opponents bent on preventing and censoring dialog and exchange of ideas.   See, e.g.:

 http://www.youtube.com/watch?v=ele7Er-HCk8&feature=share /

http://www.capitaltonight.com/2011/05/noisy-protests-erupt-at-pro-cap-rally/

http://www.fox23news.com/news/local/story/Property-tax-cap-supporters-opponents-clash/i2Nc6k3100OVu7gqSRcTrg.cspx?rss=39

http://blog.timesunion.com/capitol/archives/66867/tax-cap-rally-devolves-to-shouting-match

http://statepolitics.lohudblogs.com/2011/05/10/tax-cap-rally-turns-confrontational/

  In the afternoon, LIFER leaders, Fred Gorman et al., ralliers, and BEST4NYers McCauley, McGrath, and Robinson advocated for the tax cap in lobbying meetings with Cuomo staff member, Cassie Prugh; with Sheldon Silver’s education aide; and with Senate Majority leader Skelos and Long Island State Senator Jack Martin.  Positions/factors advanced were:

 – NYS property and other taxes are exorbitantly high.   

– local communities desperately need mandate relief and the tax cap is a first step,  Meaningful control of property taxes can only be accomplished by the Legislature which controls the mandates that are the major portion and inflaters of property taxes

– security at public events should control those who obstruct expression of views by disrupting rallies with noise and interruptions intended to prevent speakers from speaking or being heard

– either to change NYS law to provide mandate relief or voters will  change the legislators who refuse to do so,

– older citizens/retirees/small business employers are priced out of New York State by high, uncontrolled, and exploding property taxes,

– towns, school districts, county governments can't cut enough  local spending to solve the problem – they require relief from the mandate/NYS portion of school, town, and county budgets

             2ND HIGHLIGHT: On October 19, 2011, BEST4NY participated in a public forum hosted by the Business Council of Westchester and by NYS Assemblyman Bob Castelli, and by Assemblywoman and former US Congressional candidate Jane Corwin from the Buffalo area.  

          Corwin and Castelli are members, and Corwin the Chair, of the NYS Assembly Minority Steering Committee.   One important topic that was discussed is a bill sponsored by Democrat Assemblywoman Amy Paulin from Scarsdale to shift a Medicaid mandate out of Westchester County's budget and back into  the NYS budget.  In Westchester, the Medicaid mandate is 39% of the entire county budget.   This worthwhile bill is co-sponsored by local Assemblyman Castelli – see:

http://westfaironline.com/2011/16525-relief-from-medicaid-pains-in-sight/

             3RD  HIGHLIGHT: On October 23, 2011, BEST4NY met with Westchester County Executive Rob Astorino and discussed mutual goals and strategies for mandate reform.  County Executive Astorino is a leader on this issue.  See, for example, his video about mandates and the NYS Legislature’s addiction to spending and sending someone else (counties, school districts, towns) the bill:

http://www3.westchestergov.com/index.php?option=com_content&view=article&id=2972:astorino-urges-residents-to-call-officials&catid=74:news&Itemid=300137

             All county Executives and all county legislators of every county legislature in NYS, all school boards  and all school board members of every school district in NYS, all town boards and all town board members of every town in NYS, can best serve  their constituents by following Astorino’s example in publicizing and explaining  the mandate problem to the local voters who elected them and attend local public hearings about local budgets riddled with spending obligations imposed by state legislators who refuse to attend those public hearings and take public responsiblity for the spending they've imposed.    Once local voters understand that each and all NYS county, town, and school budgets are subject to a similar mandate problem, they’ll understand the need to unite and mobilize voters around NYS to direct their state senators and state assemblymen to provide, instead of obstruct, meaningful and desperately needed mandate relief.

             Last May, Gov. Cuomo did exactly that to get the tax cap passed.   In response to NYS Senators’ and Assemblymen’s resistance to his proposed tax cap, he went above those obstructive legislators’ heads, to their bosses, the NYS voters who elect state legislators.   He conducted a “People’s Tour” to explain the tax cap to voters and mobilize voters to influence their state senators and assemblymen to support the tax cap.  Here’s what Cuomo did and said:

Albany, NY (May 12, 2011) “…Cuomo today continued his “People First Campaign”…and told Western New Yorkers that their voices must be heard in order to get Albany to act on these key reforms…. and asked New Yorkers to call their legislators and urge them to act… Cuomo said. “We need to pass a property tax cap…When the people speak, politicians listen and react accordingly.”  http://www.governor.ny.gov/press/051211buffalo

“I believe at the end of the day, we will get it passed,” Cuomo said about a tax cap. “When the people make their voice heard, the politicians will listen. Politicians who defy the will of the people are not politicians for long. You just have to get democracy to work, which is going out explaining the situation to people, getting them organized, getting them mobilized.” http://polhudson.lohudblogs.com/2011/05/16/cuomo-pension-costs-need-to-be-curbed/ (emphasis added)

For years, locally elected county legislators, school board members, and town board members have complained directly to the NYS legislature about mandates.   They’ve mostly been ignored,  with no meaningful response.  Why would there be?   A majority of the NYS legislature supports the status quo and doesn’t care about meaningful reform or relief for over-taxed NYS residents.  The whispered truth in Albany?   Despite the harm to NYS and its residents, some legislators apparently don’t care if over-taxed residents leave NYS – unhappy people forced to leave no longer vote in the state and thus can’t vote against them or pose a threat to their entrenched political position.   If they did care, mandate relief would already have occurred.    

             Local elected officials need a new strategy, namely, the Astorino and Cuomo strategy of appealing directly to the voters.   Cuomo’s statewide People’s Tour for the tax cap could be a model.   All local elected county legislators, school board members, and town board members in NYS should conduct mandate relief People’s Tours in their election districts and create special  mandate relief pages on all of their websites.    Focus on local voters to explain the problem, but focus on voters united statewide as the solution to the problem.     Reach out to and engage elected officials and voters all over NYS.  And encourage elected officials throughout New York State to do the same.      

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Why Triborough Matters

E.J. McMahon of The Empire Center points out in this Post,  Why Triborough  Matters    how the Triborough Amendment can actually encourage union employees to vote down a new contract.  Th

e latest example is with the new contract negotiated between  The Civil Service Employees Association (CSEA), the Public Employees Federation (PEF) and Governor Andrew Cuomo.

 

 

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Must you sell your Apple stock

Must you sell your Apple stock

Hedge fund bigwig Carl Icahn dumped all of his Apple stock a while back, But Main Street shares are sticking by the beloved company.

"Why would anyone into their right mind sell Apple, Tells Robert Ostrowski of Williamsburg, Va. He thinks Icahn’s move is simply stunt. He quickly lists Apple’s many nice points:

Apple is by by far the top stock held individual investors. It’s popular across all age ranges from teens through retirees. Many bought when the stock was cheap noisy. 2000s or after Steve Jobs’ death in 2011.

They are overall investors who have made thousands of dollars(Some to perhaps $1 million) From using Apple.

About the, The inventory has cratered this year. It’s over 10% in 2016. It fell noticeably after the company reported its worst quarterly results in over a decade in April. IPhone sales dropped responsible for in history.

Really, Main Street business aren’t giving up now.

CNNMoney has kept talking to dozens of"Average person and Jane" Investors throughout the years. In a friendly survey this week, Nearly 85% said they had not sold any shares of the stock until recently year. That’s saved by data from Openfolio, A social networking app for speculators with 65,000 contributors. Openfolio hasn’t seen a decline in Apple stock possession recently.

Here’s a eating of Apple investor comments, Including from people today that gave up:

Why I’m not marketing

"I’m holding and am not taking into consideration selling, Says Ryan master of Austin, Mississippi. "Once you an AAPL investor, You’re anticipating that home run product it seems to land every 5+ years,

"I have added to my position during the last 30 days. I believe basic fundamentals of the company have not changed. Upon release of the ‘s’ model phones which is every alternate year, I would expect consumers not to purchase as many phones due to the fact it’s the same styling as the year before. I do expect a refurbished iPhone 7 will drive customers to upgrade this year. For that reason, Apple earnings should rise a great deal in last two quarters this year, Says Rich Stauffer of White flatlands, Chicago. He also notes that Icahn sold Netflix stock before it climbed to in history highs.

"Those actions Mr. Icahn does with his Apple stock does not shape me. I still trust Apple and its products. It’s a great company and has recovered from rumors and other thrashing times. I see this period as a way to buy. As an angel investor, My biggest discontent is the short sellers. They make investing in the future difficult, Kevin shelter of Parker, Co.

"Yes I still need my Apple shares. Carl Icahn that a lot affect my views. Most are still in love with Apple products and the demand will always override one man’s opinion of a company. Apple has things to clear up, But I think they’re figure that out, Says nigeria Onyango, Mechanicsville, Va.

Why I promted

"I sold it but not being a result of Carl Ichan. I sold it at the end of December after holding it for five years. Saved in cash then waited for a drop in Amazon. Boy was than a good move. Sold all of Amazon now. Put everything into Alibaba. I will see, Says Josh Blake of la, Cal.

"I sold the day the Apple Watch premiered. Good think I did! I don’t see any real originality with them anymore. I was better than Carl Icahn and sold my stock before he did, Says bob Hennessy of Frederick, Annapolis.

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