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News of Otsego County

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HOWARTH: Accelerating Brain Drain Cuomo’s Greatest Failing

LETTER from JIM HOWARTH

Accelerating Brain Drain

Cuomo’s Greatest Failing

To the Editor:

Speculation and opinions on Andrew Cuomo’s need to resign have been frequent topics in this newspaper.

While the allegations of the Governor’s sexual abuses, as well as his COVID-19 policies, have been horrible, they are just that – allegations. Guilt and culpability need substantive proof. I believe the facts will come to light in the Attorney General’s investigation and provide direction for the Governor’s future.

One facet of the Governor’s tenure is not in doubt and does not need investigation.

His economic policies have been calamitous for the state.

Since he took office, about 1.4 million people have left the state – “voting with their feet”. The pace quickened last year.

According to estimates from the Census Bureau, 126,355 residents left New York between July 2019 and July 2020.

New York State – particularly Upstate – is headed towards a demographic of a small, wealthy elite – impervious to economic woes, a shrinking middle class, and a growing disadvantaged underclass. Many jobs and opportunities in the state have moved too – to Texas, Florida and Tennessee.

There is a template for opportunity and growth. The gaps in taxation and regulation between New York and the growing states can be narrowed. A good job in a stable economic environment is not just about money. It is an important part of keeping a society viable.

I was born in New York State, went to college here, and had my first full-time job here – in Cooperstown. I love the state’s history, its land, and even its weather – most of the time. I would like to see a state that attracted and retained people who wanted to start families and businesses. I am hopeful that voters will see an opportunity to change direction in 2022, when this governor’s term is up.

Andrew’s Cuomo’s economic policies provide a clear lesson of poor leadership and an example of a course not to take.

JIM HOWARTH
Cooperstown

Albany-Area Town Justice Guilty Of Mishandling Trusts

Albany-Area Town Justice

Guilty Of Mishandling Trusts

 Related Case Against Cooperstown Man Still Pending
Richard Sherwood

ALBANY – The state Attorney General’s Office today announced the guilty plea of lawyer and former Town of Guilderland Judge Richard Sherwood for, with an alleged co-conspirator, extracting over $11 million from family trusts they were responsible for overseeing.

Sherwood pleaded guilty before Albany County Court Judge Peter A. Lynch to Grand Larceny in the Second Degree (a Class C felony). As a result of these charges, he previously resigned as Guilderland Town Judge. Sherwood faces up to three to 10 years in prison.

As detailed in the complaint, since at least 2006, Sherwood and alleged co-conspirator Thomas Lagan of Cooperstown provided estate planning and related legal and financial services to Capital Region philanthropists Warren and Pauline Bruggeman and Pauline Bruggeman’s sister, Anne Urban. In 2011, the Anne S. Urban Irrevocable Trust (AUIT) was created using some of the funds from the Bruggeman trusts with Sherwood named trustee and Lagan named successor trustee.

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