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

New York /
Nov.November 26, 2018 02:59 PM

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]


Related Articles

arrow_forward_ios
Photo Illustration of Urban Edge CEO Jeff Olson and Sunrise Mall in Massapequa, NY. (Getty, Urban Edge)

Unibail-Rodamco-Westfield sells Long Island mall for $29.7M

Unibail-Rodamco-Westfield sells Long Island mall for $29.7M
Nassau Coliseum and Nick Mastroianni (Getty)

Nassau Coliseum leaseholder Nick Mastroianni touts “pent-up demand” for events, but boost may be temporary

Nassau Coliseum leaseholder Nick Mastroianni touts “pent-up demand” for events, but boost may be temporary
TRD’s favorites wines, spirits and non-alcoholic beverages. (Getty, Amazon,

These nine drinks will help you toast the new year

These nine drinks will help you toast the new year
Nassau County residents impacted financially by the pandemic will be eligible for rent relief (Getty)

Nassau County offers $6 million in rent relief

Nassau County offers $6 million in rent relief
Suburban condos get competitive

Suburban condos get competitive

Suburban condos get competitive
23 Ezekillis Hollow in Sag Harbor (Photos courtesy of Compass)

Year’s most expensive home in Sag Harbor sold for $15M

Year’s most expensive home in Sag Harbor sold for $15M
Mahnaz Zahedi pictured with her parents in 1962 (inset) and  444 E Alexander Palm Road (Getty, Zillow)

Hotelier buys waterfront Boca Raton home for $6M

Hotelier buys waterfront Boca Raton home for $6M
Long Island is aiming to keep the business it grabbed from the city during the pandemic, and it now knows how. (iStock)

Long Island plots to keep its pandemic gains from NYC

Long Island plots to keep its pandemic gains from NYC
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...