Real Estate Weekly
Image default
Deals & Dealmakers

Flanagan tells industry executives he favors tax cuts, more investment

New York State Senator John J. Flanagan, recently elevated to the post of Senate Majority Leader, told the Long Island Real Estate Group, that he favors further tax cuts, fewer government regulations and investment in the Island’s major research facilities, such as Cold Spring Harbor and Brookhaven National Labs.

“There are some things state government is doing well and some things we could improve,” said Flanagan, a Republican who represents the 2nd Senate District, which includes the town of Smithtown and portions of the towns of Brookhaven and Huntington.

Among the needed improvements, Flanagan said, are more tax cuts to help create jobs and a lessening of government regulations, particularly in the environmental area.

LIREG Breakfast Commiitee co-chair A.J. Johnston, NYS Senate Majority Leader John J, Flanagan, LIREG co-president Scott Burman and LIREG co-president Peter Schapero.
LIREG Breakfast Commiitee co-chair A.J. Johnston, NYS Senate Majority Leader John J, Flanagan, LIREG co-president Scott Burman and LIREG co-president Peter Schapero.

“Our Republican conference is about three things: jobs, jobs and jobs,” Flanagan told about 200 real estate executives gathered for a breakfast meeting at the Old Westbury Golf and Country Club. “We should be talking about cutting taxes, energy taxes and many other kinds of taxes.”

“People want to live in a good community, have good jobs and a good life,” said Flanagan, who was elevated in May to the powerful Majority Leader’s post. “But what I’m hearing more and more about is regulations” and the negative impact they have on business growth. “They are death by a thousand cuts,” he said.

Flanagan proposed some solutions. He said any government official who has jurisdiction over granting permits should be required “to be on the other side and find out what it’s like to get a permit.”

Additionally, he said, anyone who receives a permit should be allowed to keep it for as long as it took to obtain it. He said, “It is taking far too long” to obtain environmental permits in particular.

Flanagan, chairman of the Senate Education Committee for five years, has steeped himself in state education laws, regulations and budgets to fund school districts.

He supported the tax cap on school district budgets that is in effect now, and said that districts “are learning to live with it.” He said taxpayers have saved “billions” because of the tax cap.

Government, he said, does not create jobs; businesses do. As such, he said, he supported funding Long Island’s major research institutions, including Cold Spring Harbor Lab, Brookhaven National Lab, and Stony Brook University. Research from those institutions, Flanagan said, could turn into businesses for entrepreneurs.

Flanagan said that approximately $550 million is available statewide over the next few years to fund research projects.

“I am going to be unequivocal,” Flanagan said. “We are going to have a major say in where that money is spent.”
Flanagan is the latest in a parade of high-caliber business and government speakers and decision makers who over the years have spoken at LIREG breakfasts.

Past speakers have included: Michael Dowling, CEO of North Shore-LIJ Health System; Philip Silverman, senior vice president-facilities and real estate at North Shore-LIJ Health System; Bruce Stillman, CEO of Cold Spring Harbor Laboratory; Scott Rechler, CEO of RXR Realty, Mark Lesko, executive director of Accelerate Long Island; Richard Frankel, then special agent in charge of the FBI New York field office’s criminal division; Bruce Ratner, executive chairman of Forest City Ratner—the developer of the Nassau Events Center.

Also E.J. McMahon of the Empire Center for Public Policy, former Nassau County Police Commissioner Lawrence Mulvey; leaders of the Shinnecock Nation Gambling Authority; Kevin Law, president of the Long Island Association; Nassau County Executive Ed Mangano and Suffolk County Executive Steve Bellone.

(Visited 1 times, 1 visits today)

Related posts

Willkie Adds Real Estate Finance Partner Christine Murphy in New York

REW

OPEN ACCESS/REAP has 23 fellowships aimed to increase diversity

REW

Cortland hires Jason Kern as president of investment management

REW