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Tag: long island regional planning council

  • Study finds flooding could impact 27,000 Long Island businesses | Long Island Business News

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    THE BLUEPRINT:

    • finds 27,000 businesses face flood risk.

    • Nearly 7,000 firms in high or extreme risk zones employ 58,000 people.

    • Businesses in extreme, high or moderate risk zones total over $42 billion in sales.

    • urges action to reduce economic losses from severe .

    Severe flooding could threaten the economic stability of more than 27,000 Long Island businesses, which fall into moderate to extreme risk categories, according to a new analysis.

    Commissioned by the (LIRPC), the study was updated to include business communities along the North Shore and inland waterways such as the Nissequogue River.

    The study, which ranked businesses from negligible to extreme risk, found nearly 7,000 companies employing more than 58,000 people in the high or extreme risk categories, representing more than $11 billion in annual sales.

    Conducted by LIRO GIS, the study also pinpoints the communities in each county likely to be hardest hit.

    “As we have seen several times in just the last 18 months alone, the devastation from severe flooding brought about by heavy rainfall presents the potential for severe economic loss along our coastal communities,” John Cameron, LIRPC chair, said in a news release about the study.

    “This important study provides a tool for all levels of government and the private sector to develop strategies to minimize the risk,” Cameron added.

    In , a total of 17,395 businesses were at risk. These businesses total nearly $27.5 billion in annual sales and employ 131,522 people, according to the study. Freeport, Valley Stream, Oceanside, Wantagh, Lynbrook, Inwood, Long Beach, Bellmore, Merrick and Cedarhurst were identified as the 10 communities, based on annual sales volume, that would be most impacted.

    In , a total of 9,843 businesses were at risk. These businesses total more than $15.1 billion in sales, and employ 74,800 people, according to the study. Bay Shore, Lindenhurst, Oakdale, Babylon, West Islip, Port Jefferson, Halesite, West Babylon, Islip and East Quogue were identified as the 10 communities were identified as the 10 communities that would be most affected.

    The study, which includes an interactive map to break out the impact on individual communities, is available here.


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    Adina Genn

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  • Federal and state spending shortchanges LI by $40B, report says | Long Island Business News

    Federal and state spending shortchanges LI by $40B, report says | Long Island Business News

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    Taxpayers in Nassau and Suffolk counties are sending far more money to Albany and Washington than gets returned to Long Island in the form of government spending, according to a report released Thursday by the Long Island Regional Planning Council. 

    The Balance of Payments study, which was commissioned by the LIRPC and conducted by PFM Group Consulting, found that the combined deficit from federal and state spending to what Long Island contributes in taxes was more than $40 billion in 2022. 

    Courtesy of the Long Island Regional Planning Council

    The new report found that Long Island sent about $68 billion to the federal government in the form of personal income, business, employment, estate, excise and gift taxes, while federal expenditures (excluding COVID payments) in Nassau and Suffolk were $42 billion, representing a deficit of nearly $26 billion. In addition, New York State received $24.6 billion in taxes and fees from Long Island while the region received $9.8 billion in expenditures from the state, a deficit of $14.7 billion. 

    “As a high wealth area, Long Island has long served as an economic engine both for New York State and the federal government,” John Cameron, LIRPC chairman, said in a written statement. “This report should sound the alarm in Albany and Washington about the need for greater investment into Nassau and Suffolk if they want and expect the region to remain economically vibrant.” 

    The LIRPC study, which updates a similar study performed by the Long Island Association 10 years ago, found that several changes in New York tax code since the 2013 study have had a greater impact on wealthy counties such as Nassau and Suffolk than other areas of the state, adding that while the 2017 federal tax changes lowered many rates, the $10,000 cap on state and local deductions remains detrimental for Long Island. 

    “The Long Island Regional Planning Council has long recognized that the unsustainable tax burden is one of the most significant challenges facing our region,” Cameron said in the statement. “We will continue to advocate for greater investment from Albany and from Washington for Long Island’s infrastructure, transportation and sewer needs, along with high tech, STEM careers and local community development.” 

    The report also found that revenues coming from Long Island to Albany increased by 40%, however expenditures actually decreased by 10% as compared with 2013 and the $6.6 billion gap between revenues and state expenditures in 2013 more than doubled in 2022 to $14.7 billion. State expenditures include payments to vendors, Medicaid, wages of state employees, unemployment benefits and STAR rebates. 

    In addition, revenues from Long Island to the federal government increased by 29% compared to 2013 while federal expenditures (excluding COVID relief) increased by 75%, according to the report. Federal expenditures include direct payments to individuals, such as Social Security, unemployment, federal pensions, grants (including Medicaid and SNAP), contracts and purchasing and wages of federal employees. 

    The entire report can be found on the commission’s website at: lirpc.org/wp-content/uploads/2023/12/LIRPC-Balance-of-Payments-Report-12.5.23.pdf 

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    David Winzelberg

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  • Study identifies LI waterfront development opportunities | Long Island Business News

    Study identifies LI waterfront development opportunities | Long Island Business News

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    The Long Island Regional Planning Council has released a comprehensive study of waterfront zoning and land use in Nassau and Suffolk counties. 

    Commissioned by LIRPC and conducted by LiRO GIS, the study creates a database of nearly 100,000 waterfront business properties spanning both counties, two cities, 13 towns and 64 villages, according to a council statement. 

    The interactive database can be used by planners, governments and economists, and help identify coastal economic development, current uses and future opportunities in six core sectors, including aquaculture and fishing; marine construction; marine transportation; offshore wind development; marine research; and recreation and tourism. 

    The study also identifies damaged properties that were acquired after Hurricane Sandy, since surge and sea-level rise are concerns and remain critical factors in zoning, planning and economic development. 

    Long Island’s 79 local jurisdictions each have distinct zoning categories, classifications and definitions, resulting in nearly 600 zoning designations, according to LIRPC Chairman John Cameron. 

    “The council felt there was a need for a centralized and consistent database of what the current waterfront uses are and identify where the greatest blue economy development opportunities may lie ahead,” Cameron said in the statement. “We live on an island and are highly dependent upon our waters, not only for beauty and recreation but economically.” 

    The waterfront database can be accessed on the council’s website at lirpc.org. 

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    David Winzelberg

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