FOR BREAKING NEWS VISIT www.couriersun.com MARCH 12, 2015 • THE COURIER SUN 11 NEW TAX REBATE MAY BENEFIT THOSE IMPACTED BY SANDY BY SALVATORE LICATA [email protected] @Sal_Licata1 Homeowners affected by Hurricane Sandy may soon see a property tax rebate coming their way. A City Council resolution was recently signed to call upon state legislators to introduce and pass a bill for the governor to sign, providing for a $500 rebate to some homeowners throughout the city. The program would assist New York homeowners who are experiencing fi nancial diffi culties relating to the Great Recession of 2008, Hurricane Sandy or New York City’s exorbitant cost of living. “New Yorkers already suffer one of the highest tax burdens in the country,” said City Councilman Eric Ulrich, who signed onto the resolution. “Costs across the city continue to pinch pocketbooks and force residents to dip into their savings or college accounts. Albany should use recent surpluses THE COURIER/File photo to provide real property tax relief for the middle class immediately.” A similar program was once set up in 2004 by former Mayor Michael Bloomberg that granted a property tax rebate of $400 to qualifi ed homeowners. But that program ran out of steam and shut down in 2008. The next step for the resolution is to make its way up to Albany and go through the Assembly and state Senate. Ultimately, the state Legislature and Gov. Andrew Cuomo must agree on any potential tax relief legislation. But residents hope it will get done to help with some of costs of repairs from Hurricane Sandy. “The tax rebate can only help the victims of Hurricane Sandy as they still recover from the effects of the storm. Many homeowners had to dip into their life savings to make up the difference between what repairs actually cost and what was given to them from their fl ood insurance carriers,” said Roger Gendron, president of the Hamilton Beach Civic Association and Sandy-affected homeowner. “Any fi nancial help that can be provided to those who were hit so hard by the storm is another step on their road to recovery.” Great rates like ours are always in season. 12-Month CD 1.05%APY* At Flushing Bank, we’re small enough to know you and large enough to provide you with the great rates you’re looking for. Hurry, an offer like this can’t last forever. For more information and to find out about our other great offers, visit your local Flushing Bank branch, call 800.581.2889 or visit www.FlushingBank.com. $5,000 minimum deposit *New money only. APY effective February 9, 2015. Annual percentage yield assumes principal and interest remain on deposit for a full year at current rate. Minimum deposit balance of $5,000 is required. Funds cannot be transferred from an existing Flushing Bank account. Premature withdrawals may be subject to bank and IRS penalties. Rates and offer are subject to change without notice. Flushing Bank is a registered trademark
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