LOCAL STATE LEGISLATORS SECURE $2.9 MILLION IN FUNDING TO OFFSET TAX SHIFT FROM LIPA DECOMMISSIONING
April 3, 2014 -- Included in the budget passed by the state legislature last week was a gra anticipation of a potential loss in tax dollars from the decommissioning of the Glenwood Landing Power Plant, State Senator Carl Marcellino (R,I,C - Oyster Bay) and Assemblyman Charles Lavine (D-Glen Cove) secured 2.9 million dollars in funding from the New York State Legislature for the North Shore School District in the 2014-2015 New York State budget that was adopted earlier this week. This grant is in addition to the $2.5 million thatthat the Assemblyman was able to secure for the district last spring.
The funding is intended to provide some measure of support for the school district and homeowners as the tax burden is shifted from National Grid, the owner of the property, to residential taxpayers, as the demolition of large sections of the plant continues and the utility seeks to reduce its assessment.
Assemblyman Lavine said that the allocated funds should alleviate some level of concern for constituents who would be impacted by the plants closure. “This funding should provide some measure of relief to the North Shore School District in continuing its excellence in spite of the loss of tax dollars.”