Maragos is campaigning to fix the county assessment system, build affordable housing for young families, improve the county’s public transportation system and reform ethics rules following the indictment of several local and county officials. Maragos said he would return Nassau to an annual property assessment system “to ensure accuracy and that they are done at market value.” He would also require developers seeking tax relief and zoning variances from industrial development agencies to make 25 percent of housing units affordable. And he would ban all contributions from county contractors to elected officials and political parties, enact term limits for elected officials and institute a public campaign finance system. “I will end the county’s pay-to-play culture, which I calculate is costing taxpayers $250 to $300 million per year,” Maragos said.
Maragos, 68, of Glen Cove, is the two-term Nassau County comptroller and is running in a Democratic primary for county executive. He was born in Greece and raised in Manhattan. Maragos earned a bachelor’s degree from McGill University in Montreal in 1973 and a master’s in business administration in 1983 from Pace University in Manhattan. He was in private industry for more than 35 years, as a vice president at Citicorp and Chase Manhattan Bank. He founded and ran SDS Financial Technologies, which develops data and money transfer networks, for more than 20 years. He was first elected Nassau comptroller in 2009. Last year, Maragos switched his party affiliation from Republican to Democrat to run for county executive. He is married and has two sons.