FREEPORT, N.Y. (CBSNewYork) – Shoreline communities already hit hard by superstorm Sandy are bracing for the next hit – lost tax revenue as a result of the damage.
Homeowners in those communities are being warned to expect deep service cuts and/or tax increases to help make up for lost revenue.
“Where we live depends upon how we want to live as well, and in that sense we have to sacrifice,” Rich from Freeport told WCBS 880 Long Island Bureau Chief Mike Xirinachs.
He said it’s the price you pay for where you live.
Ester Bivona, former president of the New York State Receivers and Collectors Association, which represents local tax officials, told the New York Times that she expects this to be devastating for years.