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From the Mayor: Efforts to Mitigate Deleterious Effects of Federal Tax Cuts; Public Works Projects; and Restoration of Bacon Woods

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By Mary C. Marvin, Mayor of Bronxville


May 2, 2018:  I wanted to update you as to a variety of topics taking center stage for village government as we enter May.

Efforts to Mitigate Deleterious Effects of Federal Tax Cuts:  Of potential great consequence is Governor Cuomo’s efforts, with the support of the legislature, to mitigate the deleterious effects of the federal tax cuts and Jobs Act on the taxpayers of New York State.

As background, New York taxpayers send $48 billion more to the federal government annually than we receive back, ranking us as the No. 1 state in disproportional giveback in the country. Under the new federal tax law, we stand to lose another $14.3 billion in lost deductibility because of the $10,000 cap.

In an effort to blunt the effects, Governor Cuomo has launched a three-pronged program:

  1. New York will be the first state in the nation to decouple rules on deductibility from mirroring the federal law. On the 2018 state tax returns, New Yorkers will be allowed to take their full deductions.

  2. Governor Cuomo has initiated a multistate lawsuit together with New Jersey and Connecticut to challenge the federal law on two counts:  that it preempts a state’s ability to provide for its own citizens and it unfairly targets New York, Connecticut, and New Jersey and other similarly situated states in violation of the equal protection clause of the Constitution.

  3. As part of the 2018-2019 state budget, a new law was adopted that allows communities, at local option, to establish a charitable gifts reserve fund by local law. The law would allow municipalities and school districts to issue tax credits for “gifts” made to the charitable fund per the IRS code determination of the meaning of charitable entities (Section 501(c)(3)).

As a government, we are trying to get out in front of this rather complicated provision and have attended every available training on the subject as we await the publication of a guidance document from the governor’s office. In the interim, we are meeting with our fellow school officials to share information as we know it and discuss options.

As an added overlay/complication, since the federal law was enacted with such speed, it will most certainly give rise to a plethora of tax avoidance strategies, a consequence unforeseen by Congress. We will keep residents posted as we continue to educate ourselves on all of the above concepts. As the governor has rightly said, “New York has no future as the tax capital of the nation.”

Public Works Projects:  On the very local level, the public works department has submitted its proposed list for road and curb repavement and replacement for the coming spring and summer months. They include:

  1. Pondfield Road – from Westside Circle (Pondfield Road West) to just above underpass – intersection with Kraft Avenue.

  2. Pondfield Road – from Cedar to 30 feet southeast of Midland Avenue intersection.

  3. Park Place – in its entirety from Kraft to Pondfield.

  4. Sagamore Road – from intersection with Kensington and Kraft north to Prescott Square.

  5. Kensington Road – from Sagamore Road intersection to Beechtree Lane.

  6. Parkway Road – from 300 feet north of Paxton Road to Upper Milburn Road.

  7. New Rochelle Road – from Pondfield to village line with Town of Eastchester.

  8. Elm Rock Road – Oriole Avenue to Masterton Road.

  9. Tanglewylde Avenue – Willow Road to Park Ave. 

  10. Forest Lane – North Road to Grove Lane.

  11. Middle Road – Dead End to Forest.

  12. Orchard Place – Oriole to Summit.

As you may know, Con Ed is installing a new gas line down Northway and Northwest Way and this will need to be paved. We may pave and Con Ed will reimburse. Midland Avenue is having a new gas line installed and will need to be repaved as well.

We continue an aggressive program of infrastructure repair, spending almost half a million dollars annually on roads alone. If your road does not appear on this list, reach out to us to add it for future consideration. We know the list is not to be exhaustive but is rather in priority form.

Restoration of Bacon Woods:  Another village project on the horizon is the restoration of Bacon Woods.

Bacon Woods is a 1.6-acre space that is owned by the Village of Bronxville and straddles an area between Kensington and Sagamore Roads. It is largely an unimproved mixture of plateau, hillside, and mixed woodland with areas of rock outcrop. There are a few important hardwood trees, including oak and beech, that must be protected. There is a significant erosion due to an area of steep grade combined with exposed tree roots and lack of groundcover vegetation.

Our current goal is to create an improved landscape that offers passive enjoyment for the local neighborhood by incorporating a combination of improved native woodland, some open lawn areas defined by understory shrubbery, and native flowering trees, and reconfiguration of the existing connector pathway. Installation of strategically placed retaining walls will be required to eliminate erosion, to provide more level plateau areas for lawn, and to create a landscape that blends into the existing site.

Given the scarcity of open space in our village, it is incumbent that we preserve and protect these oases of calm.

Editor's note:  As a public service, MyhometownBronxville publishes press releases, statements, and articles from local institutions, officeholders, candidates, and individuals. MyhometownBronxville does not fact-check statements therein, and any opinions expressed therein do not necessarily reflect the thinking of its staff.

Financial & Legal Assistance Directory

Accountants

D'Arcangelo & Co., LLP
Certified Public Accountants & Consultants

Partner
Barbara Greene, CPA,CFP

3000 Westchester Ave.
Purchase, NY 10577-2538

914-694-4600
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www.darcangelo.com


Hymes & Associates, CPA, P.C.

Our firm provides outstanding service to our clients because of our dedication to the three underlying principles of professionalism, responsiveness, and quality.

Listed as one of the 10 largest firms by The Westchester Business Journal, we serve clients throughout the tri-state area. By combining our expertise, experience, and
the energy of our staff, each client receives close, personal and professional attention.

Our high standards, service, and specialized staff spell the difference between our outstanding performance and other firms. We make sure that every client
is served by the expertise of our whole firm.

Hymes & Associates, CPA, P.C.

55 Pondfield Road

Bronxville, NY 10708

914-961-1200

914-961-1715 (Fax)

Website: www.hymescpa.com

Attorneys

Bertine, Hufnagel, Headley, Zeltner, Drummond & Dohn LLP

Established in 1929, Bertine, Hufnagel is "a general practice law firm, offering clients expertise in both individual and commercial matters." Their broad range of services include the following: Wills, EstatePlanning and Taxation, Probate and Estate Administration, Elder Law, Real Estate (commercial, residential, condominiums and cooperatives), Commercial Law and Transactions, Litigation and Banking Law.

700 White Plains Road
Suite 237
Scarsdale, New York 10583
(914) 472 7700
(914) 472 1946 (fax)
www.bertinehufnagel.com

 


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Griffin, Coogan, Sulzer & Horgan, P.C.

Attorneys and Counselors at Law

Located in Bronxville, New York, Griffin, Coogan, Sulzer & Horgan, P.C. takes great pride in providing our clients with comprehensive, high quality legal services in a responsive manner. The firm concentrates its practice in real estate law with a primary focus on issues relating to real estate tax litigation (also known as tax certiorari), real estate transactions, valuation law, real property taxation and tax planning and real property tax exemption matters throughout New York State.

The firm serves as general counsel for several local cooperatives and represents clients in various issues relating to wills, trusts and estate planning.

51 Pondfield Road
Bronxville, NY 10708
(914) 961-1300
This email address is being protected from spambots. You need JavaScript enabled to view it.

www.gcshlaw.com


Suzanne M. Bloomer
Wills, Trusts, Estates and Real Estate

85 Pondfield Road
Bronxville, New York 10708
914-337-0142
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Nobile, Magarian & DiSalvo LLP

We are hardworking and dedicated attorneys who, combined, have more than 150 years of experience delivering quality legal advice. Our cutting edge is our ability to enter both the conference room and the courtroom with strength. Our law firm provides legal representation and counsel for both individual and business clients on issues related to estate planning and administration, real estate law, litigation, and business law.  Our practice areas include: Commercial Litigation, Business Law, Real Estate, Wills, Estate Planning, Trusts, Estate Administration, Living Wills, Health Care Proxies, Powers of Attorney, Not For Profits, and Employment Law.

111 Kraft Avenue

Bronxville, NY 10708

914-337-6300

http://www.nmdlaw.com/


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Veneruso, Curto, Schwartz & Curto, LLP

Veneruso, Curto, Schwartz & Curto is dedicated to providing businesses and individuals with exceptional legal services customized to each client's needs and objectives. Practice areas include litigation, real estate, not for profit, wills and estate planning, land use and zoning, business and corporate, cooperative and condominium and real estate tax assessment litigation.

The Hudson Valley Bank Building

35 East Grassy Sprain Road, Suite 400

Yonkers, New York 10710

914-779-1100

http://www.vcsclaw.com/


 

Peter W. Williamson
Attorney At Law
Trusts & Estates, Elder Law

141 Parkway Road
Bronxville, New York
914-337-3434 (tel)
914-337-3392 (fax)

Financial Services

Aegis Capital
Full Service brokerage firm.  Stocks, bonds and mutual funds.  Specializing in tax free bonds and other income
generating investments.

Steven Ircha
26 Paxton Avenue – 2nd Floor
Bronxville, NY 10708
914-361-1099
This email address is being protected from spambots. You need JavaScript enabled to view it.
www.aegiscap.com


Ameriprise Financial Services, Inc.

You have dreams and goals, and we'll work together to help put them more within reach. As an advisor living and working in your community, I'm available to work with you in a way that meets your needs.

Michael P. Mazzilli, CFP® ChFC®

Private Wealth Advisor

111 Brook Street, 3rd Floor

Scarsdale, NY 10583

(914) 341-1482 ext. 200

www.michaelpmazzilli.com


Capital Preservation Partners, Inc.

Your Wealth Made Easier

Local Registered Investment Advisors Who Have Fiduciary Obligations To You, The Client

When you partner with CPP you join your neighbors. We are located in Westchester County, yet are ready to respond to your needs with our 70 years of combined experience. We are always available to answer your questions and concerns. Unlike giant banks and brokerage firms, you will speak to the same advisor who is thoroughly familiar with your portfolio and life circumstances.

SEC registered – Fee only planners – no commissions or hidden fees

Expert Professional Advice from our staff of qualified CFP's, CPA's & Attorney's

Offering Comprehensive Wealth Management, Estate & Financial planning

Capital Preservation Partners, Inc.

55 Pondfield Road

Bronxville, NY 10708

914-337-2272

914-961-1715 (Fax)

Website: www.cpp.bz

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James Van Metter & Associates

James W. Van Metter, CFP, MBA
Financial Planning & Investment Management
81 Pondfield Road, Suite 4
Bronxville, New York 10708

Call 914-793-1213 or This email address is being protected from spambots. You need JavaScript enabled to view it.
www.JimVanMetter.com


MDIC Investment Company
Mutual Funds, Stocks & Bonds, Financial & Estate Planning, Investment & Advisory Services, Life & Health Insurance

Daniel S. Macdonald, Jr.
116 Kraft Avenue, Ste. 8
Bronxville, New York 10708
Call 914-793-4095 or call This email address is being protected from spambots. You need JavaScript enabled to view it.

Insurance

Allstate
Auto, Home, Business and Life Insurance

Exclusive Agents:
Debbie M. Stockton
George L. Petronella Jr.

108 Kraft Avenue
Bronxville, New York 10708
914-961-7200
This email address is being protected from spambots. You need JavaScript enabled to view it.

http://agent.allstate.com/DSTOCKTON2/Welcome/

 


 

John L. Vorbach Company, Inc. Insurance Brokers
Manhattan Media & Technology Center
65 Broadway, 9th Floor
New York, New York 10006
212-294-4900 x 112
This email address is being protected from spambots. You need JavaScript enabled to view it.
www.vorbach.com

 


 

MDIC Investment Company
Mutual Funds, Stocks & Bonds, Financial & Estate Planning, Investment & Advisory Services, Life & Health Insurance

Daniel S. Macdonald, Jr.
116 Kraft Avenue, Ste. 8
Bronxville, New York 10708
This email address is being protected from spambots. You need JavaScript enabled to view it.
www.mdicinc.com


Palmer-Tanno Agency, Inc.
Independent Insurance Agents since 1948

Greg Tanno
141 Parkway Road, Suite #11
Bronxville, New York 10708
914-793-6603
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Personal Risk Management Solutions
Focuses solely on personal insurance and
provides unique, customized solutions that save
money and time and create peace of mind.

Linda Graef Jones, Private Client Sales Executive
6 East 43rd Street
New York, New York 10017
914-645-3951
This email address is being protected from spambots. You need JavaScript enabled to view it.

www.theprmspromise.com

 


 

Ranieri Insurance Agency
Auto, Home, Business & Life
Over 50 Years' Experience

Paul D. Ranieri, CPCU
457 Palmer Road
Yonkers, NY
914-376-2560
This email address is being protected from spambots. You need JavaScript enabled to view it.

 


 

The Rollins Agency, Inc.
Insurance and Risk Management Solutions
Since 1910
800 Westchester Ave. Suite N-311
Rye Brook, NY 10573

914-337-1833
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