“With my finance background,” Silverman said, “I can add a lot of value to how the city manages its budget and finance practices, and put discipline around that.” Current “budgeting practices are very shortsighted” and not designed to ensure long-term revenue, she said. Silverman opposes tax breaks for residential projects such as Garvies Point, and she believes payments-in-lieu-of-taxes, or PILOTs, for the project won’t be enough to cover the increase in services and strain on infrastructure from the development. Silverman wants to create neighborhood community councils to advise the City Council. She said a recent Industrial Development Agency meeting on developer tax breaks that was held in late afternoon, outside the regular meeting schedule, illustrates that “this city needs a lot more transparency.”
Silverman, 47, is running on the Democratic, Reform and Glen Cove First party lines. Silverman, who has worked for more than 25 years in finance and data analytics, has a bachelor’s degree in economics from Haverford College and a master’s in business administration in finance from New York University. Originally from Queens, she moved to Glen Cove six years ago. Silverman is one of 105 plaintiffs in a lawsuit seeking to block construction of the Garvies Point waterfront development. She is married.