Mark Cuthbertson | Law & Economics

Welcome to Councilman Mark Cuthbertson's Economics Site

Category: Town of Huntington

The four economic systems: traditional economics

Most successful, thriving societies hinge on the presence of a functional economic system. Economics allow these societies to study and manage various social and financial variables, ultimately resulting in a better understanding of their overall productivity and stability. Here, I take a look at one of the four main economic systems: traditional economics. Traditional economics […]

The Evolution of New York City’s 421-a Tax Exemption

In the 1970’s, 421-a was created to stimulate housing development at a time when residential construction rates were dropping in New York City. In exchange for constructing new housing, the city agreed to make owners exempt from paying the increase in property taxes that resulted from the new construction for anywhere from 10-25 years. Once […]

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