Huntington Officials: LIPA Tax Reassessment Would Be ‘Devastating’ To Town
All Long Island residents could be hurt by a possible court decision that sides with the Long Island Power Authority. At least that’s what Huntington Town officials say of LIPA’s fight to change its property assessment.
Huntington officials say the Northport Power Plant is worth billions. LIPA says it’s more like hundreds of millions. That is what a court case will settle this summer.
Town Supervisor Chad Lupinacci said it could be devastating for businesses and residents if LIPA wins.
“If LIPA prevails, the cost of living increases for Huntington residents, with the most drastic LIPA tax hike burdening those living in the Northport-East Northport school district. [It] may be just the tipping point for those torn between staying in their lifelong homes or deciding whether to leave everything and everyone they know to move out of state.”
Officials and residents pushed for state legislation at a rally this week that would protect their town from potential property tax increases created by utility company grievances.
The bill passed the New York State Senate, but has not made it to the floor of the Assembly.