search

The Real Deal Logo

Trending

H-E-B snags 21 acres in Celina, hinting at development boomH-E-B snags 21 acres in Celina, hinting at development boomCity Council approves zoning change to greenlight casinosCity Council approves zoning change to greenlight casinosLawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421aHGTV’s “Mr. Flip It” gets four years in jail for $10M fraudHGTV’s “Mr. Flip It” gets four years in jail for $10M fraud
New York

Nassau lawmakers OK $100M to pay delayed property tax refunds

Sign Up for the undefined Newsletter

Nassau County legislators approved a request by County Executive Laura Curran to borrow more than $100 million to pay down a $360 million backlog in property tax refunds, Newsday reported. Curran wants another $200 million in 2019 because that debt has piled up in recent years and accrued interest. “There are many businesses, many commercial entities, many small businesses that have been owed this money,” Presiding Officer Richard Nicolello of New Hyde Park told the outlet. “We need to pay back the refunds of those that are owed these monies.” Legislators also approved spending $200,000 to notify residents about the potential impact on reassessment of tax bills. [Newsday]

Tags
Long Island