March 13, 2012
New York City Mayor Michael Bloomberg Speaks to the LIA
By: Matthew Cohen, VP of Government Affairs & Commun
New York City Mayor Michael Bloomberg Speaks to the Long Island Association
Mayor Addresses Pension Reform, Mandate Relief, and the Economy to Top Long Island Business Leaders
LIA President & CEO Kevin Law Pledges Business Support for Pension Reform
On Tuesday, March 13, 2012, the Long Island Association held a Special Executive Breakfast Meeting featuring New York City Mayor Michael Bloomberg. Kevin Law, President & CEO of the Long Island Association hosted and moderated the event, which also included Nassau County Executive Ed Mangano, and Suffolk County Executive Steve Bellone. This was Mayor Bloomberg's first speech on Long Island.
Mayor Bloomberg delivered a speech to top Long Island business leaders, which was highlighted by his urgent call for pension reform. The Mayor reiterated his support for Governor Cuomo's proposal, which would establish a Tier VI retirement benefit for new employees of state and local governments thereby providing billions of dollars of fiscal relief to taxpayers, New York State, New York City, and Nassau and Suffolk Counties. The LIA joined the Mayor and reaffirmed its support for the Governor's proposal. Mayor Bloomberg remarked that pension costs are one of the fastest growing expenses for the state and local governments.
Kevin Law, President & CEO of the Long Island Association: "The LIA supports Governor Cuomo's proposal for pension reform, which would mean billions of dollars in relief to taxpayers and our municipalities. We were honored to welcome Mayor Bloomberg to Long Island today and enthusiastically join him in supporting pension reform efforts."
Implementation of Tier VI would stabilize local property taxes on Long Island and provide significant mandate relief to public employers - including school districts, counties, cities, towns and villages. He observed that New York City and Long Island are linked and that the growth in pension costs is the single biggest issue threatening the viability and stability of our region. The Mayor finished his address by asking those in the audience to tell the State Legislature we need pension reform.
From left: Suffolk County Executive Steve Bellone, LIA President and CEO Kevin Law,
New York City Mayor Michael Bloomberg, Nassau County Executive Ed Mangano,
and LIA Board Chairman and President of Bethpage Federal Credit Union Kirk Kordeleski