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The 2010 election season is upon us and one of the most interesting stories will be the fight for the New York State Senate. Democrats hold on to a narrow majority (32 to 30) and Republicans are going to put up a huge fight to retake the upper house.
This fight for the Senate will have many battlegrounds and one of those battlegrounds will be Long Island. And for Regina Calcaterra, the 1st Senate District will be one district where the incumbent will face a serious challenge.
 Calcaterra is a corporate fraud lawyer who has been involved in a number of high-profile cases, including the fraud cases involving Merrill Lynch and WorldCom. She has protected the pensions of employees whose futures are threatened by the fraudulent actions of Wall Street.
She also is the Democratic candidate challenging Republican Senator Kenneth LaValle in the 1st Senate District.
"In 2008, there was only one candidate on the ballot for the state Senate's First District - a 32-year incumbent who had experienced only nominal opposition during his entire tenure," Calcaterra said. "With so much at stake in state government, and with growing dysfunction in the Legislature, I decided to run for the seat in next year's election."
Calcaterra's childhood is, in itself, a profile in courage. She experienced homelessness and poverty growing up and credits a certain group of people with making her the person she is today.
"Through the help of very hard-working people in government - teachers, social workers, librarians, police officers and even crossing guards - we got through it," she said. "They inspired me to take the path that got me here today, through public school, college and law school, and convinced me that government can absolutely do a better job than we see today."
Calcaterra took time to answer questions submitted via e-mail about her candidacy, where she stands on important issues and provided a general idea of what her platform will look like.
QUESTION: You make it a point on your website to list "Prosecuting Wall Street, Protecting Main Street" as, if I may presume, a priority. As it pertains to your district, why is protecting Main Street a high priority while ensuring that Wall Street is regulated?
CALCATERRA: Our current economic downturn might have been avoided had regulators been more vigilant and those on Wall Street were held to higher standards of transparency and honesty. Big companies like WorldCom and AIG took investment dollars from the pensions of hard working people like cops, firefighters, teachers and other civil servants. My job as a corporate fraud lawyer is to fight to get that money back so those hard-working people or taxpayers aren't out hundreds of millions, or even billions, of dollars. I have done this effectively on behalf of retirees and New York's taxpayers.
It shouldn't stop there, though. We've learned many lessons from what happened on Wall Street to cause the economic meltdown and a lot of it can be applied to Albany. Quarterly agency and authority budget reporting, certified audited year end agency financial statements, investigations that include legislative subpoena power, and agency head accountability can get government to work effectively again for everyone.
Q: After the defeat of marriage equality, you appeared at a pro-marriage equality rally. Your opponent, Senator LaValle, voted against the bill along with the whole Republican conference. Is it safe to say that you would be a "yes" vote for marriage equality? Why do you support marriage equality?
CALCATERRA: I will vote for marriage equality without hesitation. I do not believe in "separate but equal" treatment of any group in society, as Sen. LaValle proposed with favoring civil unions over legal marriage. I also believe we should not discriminate against families - - any families, any children - - for the reasons marriage equality opponents like Sen. LaValle suggest.
Q: Property tax reform has been an issue in the past that is still largely unsettled. Governor Paterson and other advocates have supported a property tax cap that would cap taxes at a certain percentage rate. Others have supported a circuit breaker, which would set your tax rate based on the money you make. Do you support either of those proposals or do you have other ideas for property tax reform?
CALCATERRA: Long Island has a deep problem with property taxes that can't be solved overnight. A major step toward fixing high property taxes has been taken by allowing voters the option of consolidating local government and getting rid of some unnecessary special benefit (and tax) districts at the local level. Attorney General Andrew Cuomo proposed that legislation last year, the Legislature passed it and Gov. Paterson signed it into law. It is unfortunate that Sen. LaValle voted against this measure; the first step toward reducing property taxes is reducing waste and redundancy in local government. Residents now have that opportunity in spite of Sen. LaValle's opposition.
If these efficiency and consolidation measures do not address the problems in the near term, a property tax cap should be part of the discussion. However taxpayers must be assured that schools and localities would receive adequate funding so it does not have the effect of forcing school districts to fire teachers, or municipalities to lay off law enforcement officers.
The ultimate tax cap is the voters' ability to hire new legislators who will force government to be efficient and effective.
Read more from Calcaterra about reform and analysis below the fold.
ON THE WEB:
Regina Calcaterra's Campaign Website
Regina Calcaterra's ActBlue Page
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