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Nassau Interim Finance Authority
The Nassau Interim Finance Authority is a New York State public-benefit corporation created to assist Nassau County, a suburban county adjacent to the city of New York on Long Island, emerge from a financial and debt crisis that began in the late 1990s. As of the start of 2022, NIFA, as it is known, was still in place and still supervising Nassau's finances under a control period that resumed in 2011 after a three-year hiatus. Organization NIFA is guided by a seven-member board appointed by the Governor of New York, with one member recommended by the Senate Majority Leader, one by the Assembly Speaker, and one by the State Comptroller. Its management team is headed by Evan Cohen, who serves as executive director. According to its 2020 annual report, NIFA had G&A expenses in 2020 of $1.834 million. It listed a staff of five persons. History Though the U.S. federal government was in surplus at the end of the Clinton administration, the Republican Party-led Nassau County gover ...
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Nassau County, New York
Nassau County ( ) is a suburban County (United States), county located on Long Island, immediately to the east of New York City, bordering the Long Island Sound on the north and the open Atlantic Ocean to the south. As of the 2020 United States census, Nassau County's population was 1,395,774, making it the sixth-most populous county in the State of New York, and reflecting an increase of 56,242 (+4.2%) from the 1,339,532 residents enumerated at the 2010 United States census, 2010 census. Its county seat is Mineola, New York, Mineola, while the county's largest and most populous town is Hempstead, New York, Hempstead. Situated on western Long Island, the County of Nassau borders New York City's Boroughs of New York City, borough of Queens to its west, and Long Island's Suffolk County, New York, Suffolk County to its east. It is the most densely populated and second-most populous county in the State of New York outside of New York City, with which it maintains extensive commu ...
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Tax Assessment
Tax assessment, or assessment, is the job of determining the value, and sometimes determining the use, of property, usually to calculate a property tax. This is usually done by an office called the assessor or tax assessor. Governments need to collect taxes to function. Federal, state, and local governments impose tax assessments against real property, personal property, and income. The word tax assessment is used in different ways, but often refers to a tax liability owed by a taxpayer. In the case of property, a tax assessment is an evaluation or an estimate of value that is typically performed by a tax assessor. The assessment leads to an "assessed value," which is a base number used in the calculation of the property tax. There is a relationship between the assessed value and the tax liability. The higher the assessment, the higher the tax bill. In some jurisdictions, the assessed value is meant to equal the market value of a property. In other areas, the market value is mul ...
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Indictment
An indictment ( ) is a formal accusation that a person has committed a crime. In jurisdictions that use the concept of felonies, the most serious criminal offense is a felony; jurisdictions that do not use that concept often use that of an indictable offence, which is an offence that requires an indictment. Australia Section 80 of the Constitution of Australia provides that "the trial on indictment of any offence against any law of the Commonwealth shall be by jury". The High Court of Australia has consistently used a narrow interpretation of this clause, allowing the Parliament of Australia to define which offences proceed on indictment rather than conferring a universal right to a jury trial. Section 4G of the '' Crimes Act 1914'' provides that "offences against a law of the Commonwealth punishable by imprisonment for a period exceeding 12 months are indictable offences, unless the contrary intention appears". Canada A direct indictment is one in which the case is sent dir ...
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Andrew Cuomo
Andrew Mark Cuomo ( , ; born December 6, 1957) is an American politician and lawyer who served as the 56th governor of New York from 2011 until his resignation in 2021. A member of the Democratic Party and son of former governor Mario Cuomo, Cuomo previously served as the 64th attorney general of New York from 2007 to 2010, and is currently running for mayor of New York City. Born in Queens, New York City, Cuomo is a graduate of Fordham University and Albany Law School. He began his career working as the campaign manager for his father in the 1982 New York gubernatorial election. Later, Cuomo entered the private practice of law and chaired the New York City Homeless Commission from 1990 to 1993. Cuomo then served in the United States Department of Housing and Urban Development as assistant secretary from 1993 to 1997 and as secretary from 1997 to 2001 under President Bill Clinton. Cuomo was elected New York attorney general in 2006, after a failed bid to win the Democrati ...
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Wage Freeze
Incomes policies in economics are economy-wide wage and price controls, most commonly instituted as a response to inflation, and usually seeking to establish wages and prices below free-market level. Incomes policies have often been resorted to during wartime. During the French Revolution, " The Law of the Maximum" imposed price controls (by penalty of death) in an unsuccessful attempt to curb inflation, and such measures were also attempted after World War II. Peacetime income policies were resorted to in the U.S. in August 1971 as a response to inflation. The wage and price controls were effective initially but were made less restrictive in January 1973, and later removed when they seemed to be having no effect on curbing inflation. Incomes policies were successful in the United Kingdom during World War II but less successful in the post-war era. Theory Incomes policies vary from voluntary wage and price guidelines to mandatory controls like price/wage freezes. One varia ...
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Mafia
"Mafia", as an informal or general term, is often used to describe criminal organizations that bear a strong similarity to the Sicilian Mafia, original Mafia in Sicily, to the Italian-American Mafia, or to other Organized crime in Italy, organized crime groups from Italy. The central activity of such an organization would be the arbitration of disputes between criminals, as well as the organization and enforcement of illicit agreements between criminals through violence. Mafias often engage in secondary activities such as gambling, loan sharking, Illegal drug trade, drug-trafficking, prostitution, and fraud. The term ''Mafia'' was originally applied to the Sicilian Mafia. Since then, the term has expanded to encompass other organizations of similar practices and objectives, e.g. "the Russian mafia" or "the Japanese mafia". The term was coined by the press and is informal; the criminal organizations themselves have their own names (e.g. the Sicilian Mafia and the related American ...
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Bipartisan
Bipartisanship, sometimes referred to as nonpartisanship, is a political situation, usually in the context of a two-party system (especially those of the United States and some other western countries), in which opposing Political party, political parties find common ground through compromise. In multi-partisan electoral systems or in situations where multiple parties work together, it is called multipartisanship. Partisan (politics), Partisanship is the Opposite (semantics), antonym, where an individual or political party adheres only to its interests without compromise. Usage The adjective ''bipartisan'' can refer to any political act in which both of the two major political parties agree about all or many parts of a political choice. Bipartisanship involves trying to find common ground, but there is debate whether the issues needing common ground are peripheral or central ones. Often, compromises are called bipartisan if they reconcile the desires of both parties from an origin ...
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Ed Mangano
Edward P. Mangano (born March 24, 1962) is an American former politician and disbarred attorney from the state of New York. A Republican, he was the Nassau County Executive from January 2010 to December 2017, and a former legislator in Nassau County, New York. He was elected in 1995 and served seven terms as a county legislator. In November 2009, he defeated incumbent Thomas R. Suozzi for Nassau County Executive. In November 2013, he was re-elected, again defeating Suozzi, by 59% to 41%. In October 2016, a 13-count federal indictment for fraud and bribery was unsealed in the U.S. District Court for the Eastern District of New York against Mangano, his wife Linda, and Oyster Bay Town Supervisor John Venditto. He did not seek reelection in 2017. He and his wife were both convicted in March 2019 and faced up to 20 years in prison. In April 2022, Mangano was sentenced to 12 years in prison for felonies and has since reported to prison on September 13, 2022 pending appeal. E ...
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Thomas Suozzi
Thomas Richard Suozzi ( ; born August 31, 1962) is an American politician serving as the U.S. representative for New York's 3rd congressional district since 2024 and previously from 2017 to 2023. A member of the Democratic Party, he was the county executive of Nassau County on Long Island from 2002 to 2009 and served before then as the mayor of Glen Cove for eight years. His district, which is largely suburban, includes northern Nassau County and parts of northeastern Queens. In 2006, he ran unsuccessfully against Eliot Spitzer for the Democratic nomination for governor of New York. Suozzi was elected to the U.S. House of Representatives in 2016 and reelected in 2018 and 2020. He retired from Congress to run again for the Democratic gubernatorial nomination in 2022, losing to incumbent governor Kathy Hochul. In October 2023, Suozzi announced that he would run for his old congressional seat in 2024. After Congress expelled George Santos that December, a special election to ...
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Glen Cove, New York
Glen Cove is a Political subdivisions of New York State#City, city in Nassau County, New York, Nassau County, on the North Shore (Long Island), North Shore of Long Island, New York (state), New York, United States. The city's population was 28,365 at the time of the 2020 census. Of Nassau County's five Administrative divisions of New York (state), municipalities, Glen Cove is one of two that are City, cities, rather than towns – the other being Long Beach, New York, Long Beach. Glen Cove was considered part of the Wealth, affluent, early 20th-century North Shore (Long Island), Gold Coast of Long Island, as the properties located along the area's waterfront were initially developed as large country estates by wealthy Entrepreneurship, entrepreneurs and businessmen (such as J.P. Morgan, Phipps family, Phipps, Charles Pratt, Pratt, and Prybil). Historically, with the onset of the Industrial Revolution, Glen Cove blossomed in the areas of manufacturing, agriculture and local reta ...
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Bruce Bent
Bruce Roger Bent (born May 25, 1937) is an American businessman credited with inventing the world's first money market fund, the Reserve Fund, with Henry B. R. Brown in 1970. Bent and Brown created an organizational structure by which investors could pool cash to gain access to the market for short-term money obligations. Money market funds now manage more than US$3.0 trillion, serving tens of millions of investors. In the book ''One Up on Wall Street'', published in 1989, Peter Lynch wrote that "there ought to be a monument to Bruce Bent and Henry B.R. Brown" in regards to their role in inventing the money market fund. The American Museum of Financial History, an affiliate of the Smithsonian Institution, also recognized the money market fund's importance and impact on the nation's financial history. Early life and education Bent was born and raised in Great Neck, New York. He attended St. Aloysius School and graduated from Great Neck North High School. After high school Bent ...
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Conservative Party Of New York State
The Conservative Party of New York State is an American political party founded in 1962 following conservative dissatisfaction with the Republican Party in New York. Running only on the Conservative Party line, James L. Buckley won election to the U.S. Senate in 1970 and served for one term. Since 2010, the party has held "Row C" on New York ballots—the third-place ballot position, directly below the Democratic and Republican parties—because it received the third-highest number of votes of any political party in the 2010, 2014, 2018, and 2022 New York gubernatorial elections. The party is known for its strategy of attempting to influence the Republican Party in a more conservative direction. History The Conservative Party of New York State was founded in 1962 by a group including J. Daniel Mahoney, Kieran O'Doherty, Charles E. Rice, Raymond R. Walker and Charles Edison, out of frustration with the perceived liberalism of the state's Republican Party. A key conside ...
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