....can see the cheerleader now DV aka SB aka GG are waving those pom poms, totally ignoring what is happening, people getting killed, but cheering to hike the taxes on the homeowners to give to the millionares, spend money on theater instead of police, spend money on gin mills rather than roads.
Shhhh!!!!!!!!!! Shhhhhhhhhh! Don't let anyone know that people are getting shot. Don't let anyone know that an innocent person can be on his way to the store, to church, to visit grandma or the grandkids, to work, and be shot in broadwaylight merely by driving his car. Oh NO!!!!! Keep this fact out of the news. Sweep it under the rug the cheerleader says.
And the home values continue to plummet. Houses are NOT selling in the city. GCAR's very own official numbers DIRECT from their website show the house values in the city falling --- and SB has NOT found one teeny weeny shred of proof from GCAR's website to prove me wrong.
Those that are well-heeled, those that have millions of dollars, those that don't have a financial worry in the world are exempt from paying their property and school taxes while the financially struggling homeowner is forced to make a choice between paying property taxes vs getting cited for code violations because they have no money to fix up their homes because they have been robbed of their hard earned money because their money has been given to millionaires who refuse to spend their own riches to fix up their buildings.
Come on cheerleaders.....put your money where your mouth is and move into the city.
Optimists close their eyes and pretend problems are non existent. Better to have open eyes, see the truths, acknowledge the negatives, and speak up for the people rather than the politicos and their rich cronies.
Property values are crashing Countywide. Most are fed up and want to sell but no buyers are willing to play the sickening County/local taxes. City schools win more boobing prizes while shootings become daily occurrences. Look for more abandoned/rental properties as property owners flee.
Those that are well-heeled, those that have millions of dollars, those that don't have a financial worry in the world are exempt from paying their property and school taxes
..........AND THOSE FOLKS DON'T LIVE IN THE CITY OR IN SCHENECTADY COUNTY!
When the INSANE are running the ASYLUM In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche
“How fortunate for those in power that people never think.” Adolph Hitler
Looks like these authorities are causing a large portion of the problems in this city especially the largly nunregulated Municipal Housing Authority.
The Wonderful Authorities of Schenectady
•Schenectady County Industrial Development Agency •Schenectady Local Development Corporation •Schenectady Metroplex Development Authority •Schenectady Municipal Housing Authority •Schenectady Parking Authority •Schenectady Urban Renewal Agency
What is a Public Authority? Public authorities are corporate instruments of the State created by the Legislature to further public interests. Public authorities have various levels of autonomy from the State based on the powers, as well as the constraints, built into their legislative mandate. Some public authorities are completely self-supporting and operate entirely outside the budget process, while others rely on State appropriations to fund operations. In addition, most authorities are authorized to issue bonds—without voter approval—to develop and maintain infrastructure, such as roads and schools, or to fund projects for third parties, including hospitals and nursing homes. The debt service for these bonds is usually supported by revenues of the project, such as tolls that are levied by the authority, fees paid by the third party or appropriated payments from the State to repay outstanding debt. The State has also assigned specific revenue streams to an authority as a way for the authority to pay debt service.
Unlike traditional State agencies, many authorities conduct business outside of the typical oversight and accountability requirements for operations including, but not limited to, employment practices, contracts and procurement procedures, and financial reporting. Each public authority is governed by a separate board of directors appointed by elected officials for varying terms of office.
The Public Authorities Accountability Act of 2009 (Chapter 506 of the Laws of 2009) will require many new measures designed to improve the oversight and accountability of New York’s public authorities. New reporting requirements including mission statements, measurement reports and capital projects reporting will provide more information on authority operations. In addition, the State Comptroller is granted discretion to review certain public authority contracts ensuring a higher level of oversight of public authority contracts.
Life is tough, but it's tougher when you're stupid - John Wayne
TIP TO NEW VISITORS TO THIS FORUM - To improve your blogging pleasure it is recommended to ignore (Through editing your prefere) the posts of the following bloggers - DemocraticVoiceofReason, Scotsgod08 and Smoking Bananas. They continually go off topic, do not provide facts and make irrational remarks. If you do not believe me, this can be proven by their reputation scores or by a sampling of their posts.
Life is tough, but it's tougher when you're stupid - John Wayne
Life must be nearly impossible for MC. The moron still thinks that I post under more than one screen name and -worse - thinks that I have changed my mind and actually want to have a conversation with him/her.
George Amedore & Christian Klueg for NYS Senate 2016 Pete Vroman for State Assembly 2016[/size][/color]
"For this is what America is all about. It is the uncrossed desert and the unclimbed ridge. It is the star that is not reached and the harvest that is sleeping in the unplowed ground." Lyndon Baines Johnson
Schenectady IDA is the worst in the State with no jobs created. The Parking authority was ripped by the State Comptroller as incompetent and filled with hacks. And nothing changes. The DEMS lie about job creation and "progress". Then flood your mailbox which the Gazetto dutifully reports the day after the election. The sheeple in Ham Hill and Mt Pleasant have nothing to cheer about. They don't get comped tickets to Proctor's and can't sell their homes. The only morons cheering left the City long ago.
Life is tough, but it's tougher when you're stupid - John Wayne
Life must be nearly impossible for MC. The moron still thinks that I post under more than one screen name and -worse - thinks that I have changed my mind and actually want to have a conversation with him/her.
But, the Municipal Housing Authority is the nest. There lack of enforcement of the housing eligibility requirements and lack of auditing allows these places to be the home of the worst people in society. This authority gives Section 8 housing the bad name.
Life is tough, but it's tougher when you're stupid - John Wayne
TIP TO NEW VISITORS TO THIS FORUM - To improve your blogging pleasure it is recommended to ignore (Through editing your prefere) the posts of the following bloggers - DemocraticVoiceofReason, Scotsgod08 and Smoking Bananas. They continually go off topic, do not provide facts and make irrational remarks. If you do not believe me, this can be proven by their reputation scores or by a sampling of their posts.
Public Authority one of the most important characteristics of a state. The Marxist-Leninist theory of the state considers public authority to be a specific variation of social compulsory authority, one that arose after society split into antagonistic classes. Public authority supplanted social authority, which was characteristic of the primitive clan-tribal system and served the interests of the entire society, whether it was a clan, tribe, or alliance of tribes.
Public authority is the political authority of the ruling class regardless of the particular state forms in which authority is organized and exercised. The chief functions of public authority are to subordinate—which includes suppressing the opposition of other classes—and to organize and control society according to the economic, political, and nonmaterial interests of this class. In class antagonistic society, public authority is in essence the dictatorship of the ruling class, a means of exploitation of the working people. The apparatus of public authority consists of armed forces, intelligence, governmental agencies, the diplomatic service, and the like. In exploiter states, public authority is alienated from society in political and organizational terms and is maintained at the expense of the working people. Taxes and loans are the material foundation and the hallmark of public authority.
In a socialist state, public authority serves the interests of the people, expresses the people’s will, and is linked to the people by numerous democratic forms that are refined as socialism develops.
...you are a product of your environment, your environment is a product of your priorities, your priorities are a product of you......
The replacement of morality and conscience with law produces a deadly paradox.
STOP BEING GOOD DEMOCRATS---STOP BEING GOOD REPUBLICANS--START BEING GOOD AMERICANS
Thank you senders. That is where I was going next. The funny thiong is that it wasnt until 2009 that NY State even had the ability to take action or police a public authority in NY. We dont have the time to wait for them to do their job and audit these poorly ran "authorities". The name alone pisses me off. They are the Authority of nothing and have no accountability and a blank check.
Life is tough, but it's tougher when you're stupid - John Wayne
TIP TO NEW VISITORS TO THIS FORUM - To improve your blogging pleasure it is recommended to ignore (Through editing your prefere) the posts of the following bloggers - DemocraticVoiceofReason, Scotsgod08 and Smoking Bananas. They continually go off topic, do not provide facts and make irrational remarks. If you do not believe me, this can be proven by their reputation scores or by a sampling of their posts.
I remember when our housing projects housed local low income families and you could go there to see your friends without danger. Here's my idea - start putting "projects" in more affluent suburbs. It's no longer true that cities have more access to shopping, etc. They've moved postoffices and so forth out of urban areas. Politicians and government workers, not-for-profit types, they should get a taste of what they approve of as a way of life for other people. You want a giant "homeless" facility, a la Bethesda House? Put it where YOU live.
The Public Authorities Control Board (PACB) was created in 1976 in response to the growing amount of Public Authority Debt. It is codified in Section 50 of the NYS Public Authorities Law. It is a five member board appointed by the Governor. Four of the members must be appointed upon a single recommendation made by the temporary president of the senate, the speaker of the assembly, the minority leader of the senate and the minority leader of the assembly. The members appointed upon recommendation of the minority leaders are non-voting members. The boad has the power and duty to receive applications for approval of the financing and construction of any project proposed by any of the following state public benefit corporations: • New York State Environmental Facilities Corporation • New York State Housing Finance Agency • New York State Medical Care Facilities Finance Agency • Dormitory Authority • New York State Urban Development Corporation • Job Development Authority • Battery Park City Authority • New York State Project Finance Agency • State of New York Mortgage Agency • New York State Energy Research and Development Authority • Long Island Power Authority
Any application made concerning a project shall include the terms, conditions and dates of the repayment of state appropriations authorized by law pursuant to a repayment agreement. No public benefit corporation subject to the provisions of this section shall make any commitment, enter into any agreement or incur any indebtedness for the purpose of acquiring, constructing, or financing any project unless prior approval has been received from the board by such public benefit corporation as provided herein.
The board may require as part of such application such information as it deems necessary and shall act upon such application within a reasonable time.
The board may approve applications only upon its determination that, with relation to any proposed project, there are commitments of funds sufficient to finance the acquisition and construction of such project. In determining the sufficiency of commitments of funds, the board may consider commitments of funds, projections of fees or other revenues and security, which may, in the discretion of the board, include collateral security sufficient to retire a proposed indebtedness or protect or indemnify against potential liabilities proposed to be undertaken.
...you are a product of your environment, your environment is a product of your priorities, your priorities are a product of you......
The replacement of morality and conscience with law produces a deadly paradox.
STOP BEING GOOD DEMOCRATS---STOP BEING GOOD REPUBLICANS--START BEING GOOD AMERICANS
New York State public benefit corporations and authorities operate like quasi-private corporations, with boards of directors appointed by elected officials. Public authorities share characteristics with government agencies, but they are exempt from many state and local regulations. Of particular importance, they can issue their own debt, allowing them to bypass limits on state debt contained in the New York State Constitution. This allows public authorities to make potentially risky capital and infrastructure investments without directly putting the credit of New York State or its municipalities on the line. As a result, public authorities have become widely used for financing public works, and they are now responsible for more than 90% of the state's debt. The growing influence of public authorities over state and local financing, coupled with their ability to avoid regulations applicable to government agencies, has led to calls for reform. Some reforms were passed in the Public Authorities Accountability Act of 2005.[1]
...you are a product of your environment, your environment is a product of your priorities, your priorities are a product of you......
The replacement of morality and conscience with law produces a deadly paradox.
STOP BEING GOOD DEMOCRATS---STOP BEING GOOD REPUBLICANS--START BEING GOOD AMERICANS
Ratings agencies, in particular Fitch, Moody's and Standard and Poors have been implicitly allowed by governments to fill a quasi-regulatory role, but because they are for-profit entities their incentives may be misaligned. Conflicts of interest often arise because the rating agencies, are paid by the companies issuing the securities — an arrangement that has come under fire as a disincentive for the agencies to be vigilant on behalf of investors. Many market participants no longer rely on the credit agencies ratings systems, even before the economic crisis of 2007-8, preferring instead to use credit spreads to benchmarks like Treasuries or an index. However, since the Federal Reserve requires that structured financial entities be rated by at least two of the three credit agencies, they have a continued obligation. Many of the structured financial products that they were responsible for rating, consisted of lower quality 'BBB' rated loans, but were, when pooled together into CDOs, assigned an AAA rating. The strength of the CDO was not wholly dependent on the strength of the underlying loans, but in fact the structure assigned to the CDO in question. CDOs are usually paid out in a 'waterfall' style fashion, where income received gets paid out first to the highest tranches, with the remaining income flowing down to the lower quality tranches i.e. <AAA. CDOs were typically structured such that AAA tranches which were to receive first lien (claim) on the BBB rated loans cash flows, and losses would trickle up from the lowest quality tranches first. Cash flow was well insulated even against heavy levels of home owner defaults. Credit rating agencies only accounted for a ~5% decline in national housing prices at worst, allowing for a confidence in rating the many of these CDOs that had poor underlying loan qualities as AAA. It did not help that an incestuous relationship between financial institutions and the credit agencies developed such that, banks began to leverage the credit ratings off one another and 'shop' around amongst the three big credit agencies until they found the best ratings for their CDOs. Often they would add and remove loans of various quality until they met the minimum standards for a desired rating, usually, AAA rating. Often the fees on such ratings were $300,000 - $500,000, but ran up to $1 million.[23] It has also been suggested that the credit agencies are conflicted in assigning sovereign credit ratings since they have a political incentive to show they do not need stricter regulation by being overly critical in their assessment of governments they regulate.[24] Rating agencies have come under criticism for a narrow-minded view of government default from investors' perspective. A government that does not run a sustainable budget might be forced to print money to meet credit payments, this will then inflate the economy and devalue the currency. USA is for example thought to be unlikely to default on their payments since they have the printing power of the dollar, which a country like Greece does not have for its currency, the Euro. However the Euro, which was introduced in year 1999 on an even exchange rate with the dollar, was trading almost 50% higher than the dollar only 10 years after its launch. At that time, because of investor fear for a default in the peripheral states of EU, Greece's government bond credit rating was in the junk bond category, while the USA credit rating was still in the top category. The criticism escalated in summer, 2011, when the European Commission and EC President and former Portuguese premier José Manuel Barroso, respectively, criticized Moody's downgrade of Portuguese bonds.[
...you are a product of your environment, your environment is a product of your priorities, your priorities are a product of you......
The replacement of morality and conscience with law produces a deadly paradox.
STOP BEING GOOD DEMOCRATS---STOP BEING GOOD REPUBLICANS--START BEING GOOD AMERICANS
Life is tough, but it's tougher when you're stupid - John Wayne
Life must be nearly impossible for MC. The moron still thinks that I post under more than one screen name and -worse - thinks that I have changed my mind and actually want to have a conversation with him/her.
You just can't write the words that downtown has done NOTHING AT ALL to relieve the homeowners of their financial burden and make the city a pleasant safe place to live; that is PROVEN by you REFUSING to move into the city.
Mike and Christine have a very nice life (not extravagant by any means), have a modest home, enjoyable careers, a loving relationship, both adults, self supporting, raising a family that does well in school, no mama's boys in this house, not living off the public dole, not living off relatives, and volunteering to those less fortunate, with hearts that go out to those stuck in the city.
By the way, you still have never answered the questions 1. Is it proper to raise taxes on financially struggling homeowners with household incomes of $30,000 in order to exempt millionairess from paying taxes? 2. As you claim to be a Catholic, tell us, would Jesus support taking money from the homeowners in the city and exempt the millionaires downtown from paying taxes?
Optimists close their eyes and pretend problems are non existent. Better to have open eyes, see the truths, acknowledge the negatives, and speak up for the people rather than the politicos and their rich cronies.
The Renaissance of Schenectady -- the county and the city and all of its towns and villages -- continues.
George Amedore & Christian Klueg for NYS Senate 2016 Pete Vroman for State Assembly 2016[/size][/color]
"For this is what America is all about. It is the uncrossed desert and the unclimbed ridge. It is the star that is not reached and the harvest that is sleeping in the unplowed ground." Lyndon Baines Johnson
Logged
Property values are crashing Countywide. Most are fed up and want to sell but no buyers are willing to play the sickening County/local taxes. City schools win more boobing prizes while shootings become daily occurrences. Look for more abandoned/rental properties as property owners flee.
