Due by 2077: Port Chester Housing Authority has 60 years to pay $260K in taxes

November 29, 2017 04:17PM

The village of Port Chester Housing approved a deal with the Port Chester Authority to pay $260,000 in back taxes, which will see the housing authority settle its bill in 60 years. The federally subsidized agency will pay $20,575 up front and 720 monthly installments of $338 after that. In 2014, Port Chester set up a public-private tax partnership with water company SUEZ to pay for court-mandated sewer repairs, which was supposed to push the tax burden on business and government agencies. The Housing Authority, however, hasn’t paid its sewer rental taxes since then. [Lohud]