Mortgage Tax Press Release June 30, 2009

Immediate Press Release June 30,2009.

All,  With recent votes in Dutchess County Legislation, this raises large concerns to the people of Dutchess County as well as it should. With a request from Senator Steve Saland to the Dutchess County Legislators, a special meeting was produced. The Senator and his office by mistake readily admitted, missed the extension that DC Legislators passed by Resolution an extension of the Mortgage tax for 2 years. This was done in 2008.

An emergency meeting was called by Chairman Higgins to call for the extension date missed by the Senator and his office, was required to be done by the date of 6/19/2009 which allowed the Senator to hand walk the Resolution with a Request for the extension to Albany on the 22nd of June 2009, and plead for it to be accepted. The Resolution was blocked by the Dutchess County Minority party and the Resolution failed. All of the Republican party voted NO for the extension.
Not one Other member of the Legislative branch of Government went against the Senator and our County Executive. By not passing recently the extension request from the Senator, the mortgage taxes generated from such will be detrimental to the County, Cities, Towns and Villages.
The Legislators who opposed the 2 year extension that they had passed in 2008,  along with request again from our own County Executive to ask for the extension to assist our County, will produce severe costs to taxpayers to make up the difference.
Attached is the memo from the Executives office in 2008 showing what would potentially happen if this much needed tax was not in place, along with an up-date of revenue loss due to economic times. ( MORTGAGETAXMEMO ), ALONG WITH A RECENT UP-DATE ON OUR CURRENT MORTGAGE TAX REVENUE DROP.
The second attachment from the Executives Office  ( 20090630092746052 ) Page 4, paragraphs 2 – 5 shows the downturn of revenues from the mortgage taxes expected for 2009. With this anticipated and projected downturn of funding, the ” NO ” votes will affect the costs to the taxpayers and inevitable it will be required to raise revenues from some other source. What that source will be, I have no idea, Legislation will need to be creative along with the Executive branch.
The Majority Party continues to remain fiscally prudent and remain in the eyes of its voters. Having open and transparent caucuses as well as their open governmental practices shows the people they have made the correct choices came election time 2007.
Submitted by Dutchess County Legislator Jim Doxsey,  District 1
COMMENTS
On Jul-03-2009 10:55 PM:
Transparency has happened since the Democratic Party has been elected the Majority in 2007. Continuence is needed to ensure this continues in 20010. Your vote is required MORE than ever, please get every voter you know out to do so.
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