“Good people” don’t necessarily make good leaders. Over the last two years Glen Cove has seen an explosion in spending and debt. Despite borrowing $6,000,000 in 2019, the current council borrowed another $9,000,000 in 2021. This borrowing comes on top of an 8% property tax increase leveled on residents. The New York State Comptroller identifies cities considered to be under financial stress. The higher the score, the worse the financial condition. Here is how Glen Cove scored over the last few years during the Tim Tenke administrations:
2017 – 28.3 (No Stress Designation)
2018 – 50.4 (Susceptible to Fiscal Stress)
2019 – 60 (Moderate Fiscal Stress)
The trend is unmistakable. Your City government is on a reckless tax and spend collision course with financial disaster. The causes are many, the solution simple: elect a government that treats your tax dollars like the hard earned income it is… not “monopoly money” getting strewn about a boardgame.
- Fiscal Responsibility
- Responsible Development
Team Panzenbeck (l to r): Roni Sue Jenkins, Joe Capobianco, Team Leader and Mayoral Candidate Pam Panzenbeck, Jack Mancusi, Barbara Peebles, Kevin Maccarone, and Jamie Greenberg.
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