Category Archives: Government

Hallmark Abstract’s News 12 Long Island Interview About The New Suffolk County Mortgage Recording Fees!

Suffolk County mortgage recording fees

On December 2, 2016 Hallmark Abstract President Michael Haltman wrote an article concerning the significant new mortgage recording fees set to be imposed by Suffolk County, New York! In the article Haltman opined that the new fees represented ‘an egregious money grab and as regressive a tax as has been seen in some time! And, by some […]

Nancy Pelosi Opines About Real Estate Closing Costs On Long Island…Affordable! (Video)

New

Update December 7, 2016: The new fee discussed below has been passed by the Suffolk County legislature per the County website… $300.00 per document   MORTGAGE VERIFICATION FEE effective January 1, 2017 In this short video clip Nancy Pelosi opines about the proposed increase in certain real estate fees and the implementation of some wholly new ones by […]

Are Governments Raising Revenue Through Regressive Taxes Disguised As Fees?

Question: How do government entities, whether federal, state, county or local, raise revenues in ways other than by increasing taxes? Answer: By increasing fees or creating entire new classes of fees. A perfect example of this from the recent past would be the tax map verification letter fee imposed by Nassau County back in early 2015 that was then tripled only months […]

Government and Fiscal Irresponsibility

Town of Oyster Bay bond rating

Summary: Note to government: Eventually you runout of other peoples money to spend and when the piper needs to be paid the pockets will be empty! And the burden on business and investors of all types to make-up the deficit can quickly become unsustainable! ‘Long Island’s Town Of Oyster Bay An Example Of What Happens When […]

Unholy Alliances In Government And The Price ‘We The People’ Pay!

Reaching across the aisle is a common term used to describe when antagonists from opposing political parties decide in certain circumstances to work together on a piece of legislation! For example, from the article cited below… “There will be some stew that everyone can put something into.” “I’m not saying that anything is attached . . […]

Nassau County speed zone cameras: The people spoke and this time government actually listened!

Back in October, fresh off of the implementation of the School Speed Zone cameras in Nassau County, the following question was asked… ‘New York school zone speed cameras: Are they just another regressive tax?‘ ‘…Could it be that beyond the safety issue this is an attempt by cash-strapped municipalities to raise revenue by going after […]