Nassau ready to settle LIPA tax challenges?
Nassau County Executive Laura Curran is quietly floating a settlement with the Long Island Power Authority to cut taxes on its Island Park and Glenwood Landing power plants, several county sources said Thursday.
Details were not available, but it is expected that the settlement will be submitted to the legislature just before the Thanksgiving holiday, perhaps as early as Friday. It is expected to include some kind of tax phase-out.
LIPA has longstanding legal challenges to the property tax assessments on its four power plants on Long Island, including stations in Northport and Port Jefferson.
Communities that depend on tax revenues generated by the plants have vigorously objected to the court challenges, which seek to reduce the plants' assessed values by as much as 90 percent.
Residents in Island Park and Northport even joined together earlier this year to protest the proposed reduction in the taxes they receive, saying the revenues were intended to offset the burden of living for decades with power plants in their backyards.
Last year, Hempstead Town Tax Receiver Don Clavin and Hempstead Town Councilman Anthony D'Esposito of Island Park held a news conference, calling on LIPA to avert a property tax crisis for residents of the Island Park Union-Free School District by reconsidering its decision against repowering the E.F. Barret Generation Station.
The Newsday editorial board told Clavin and D'Esposito to "stop pandering" and instead "try doing the hard work of finding ways to replace the funding the Island Park school district would lose."
Details were not available, but it is expected that the settlement will be submitted to the legislature just before the Thanksgiving holiday, perhaps as early as Friday. It is expected to include some kind of tax phase-out.
LIPA has longstanding legal challenges to the property tax assessments on its four power plants on Long Island, including stations in Northport and Port Jefferson.
Communities that depend on tax revenues generated by the plants have vigorously objected to the court challenges, which seek to reduce the plants' assessed values by as much as 90 percent.
Residents in Island Park and Northport even joined together earlier this year to protest the proposed reduction in the taxes they receive, saying the revenues were intended to offset the burden of living for decades with power plants in their backyards.
Last year, Hempstead Town Tax Receiver Don Clavin and Hempstead Town Councilman Anthony D'Esposito of Island Park held a news conference, calling on LIPA to avert a property tax crisis for residents of the Island Park Union-Free School District by reconsidering its decision against repowering the E.F. Barret Generation Station.
The Newsday editorial board told Clavin and D'Esposito to "stop pandering" and instead "try doing the hard work of finding ways to replace the funding the Island Park school district would lose."
Comments
Post a Comment