Most Of The Money Will Be Borrowed

MINEOLA, N.Y. (CBSNewYork) – After a year of disagreement, Democratic and Republican Legislators in Nassau County have come to a deal on $95 million in property tax refunds.

They buried the hatchet and agreed to borrow $75 million and use $20 million from the operating budget to pay property tax refunds.

It’s about time, according to Republican Legislator Norma Gonsalves.

“These refunds were long overdue. They didn’t just happen this year or last year,” she told WCBS 880 Long Island Bureau Chief Mike Xirinachs. “Some of them are a decade in the making.”

The agreement proved that bipartisanship can happen, said Gonsalves.

“Even though it took a long time, working together does work,” Democratic Legislator Judy Jacobs told Newsday.

Now legislators will have to agree on how to divvy up the money between private and commercial property owners, a process they hope will go more smoothly.

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