In a continued effort to provide tax relief for Long Beach families, Assemblyman Harvey Weisenberg (D-Nassau County) announced a bill that will allow the city of Long Beach to spread out the cost of their early retirement incentives over five years was signed into law recently by Governor Andrew Cuomo (Ch. 258 of 2012). The law will help close the city’s deficit and help reduce property taxes, Assemblyman Weisenberg said.
“Cities like Long Beach are struggling these days,” Assemblyman Weisenberg said. “During these tough economic times we need to all work together to ensure our communities are able to continue providing the services residents count on every day.”
“One of the main causes of the deficit we inherited was the staggering amount of termination payouts. This legislation eases the burden of those payouts on Long Beach taxpayers by allowing them to be amortized over a period of time,” Long Beach City Manager Jack Schnirman said. “We are thrilled that Governor Cuomo has signed this legislation to protect Long Beach taxpayers and thankful to Assemblyman Weisenberg for his tireless legislative advocacy.”
“We are extremely pleased to hear that the Governor has signed off on this important legislation,” Long Beach City Council President Len Torres said. “This is truly terrific news and something that will benefit all the City’s taxpayers.”
“On behalf of Long Beach residents, we would like to sincerely thank Assemblyman Weisenberg for shepherding this bill. It allows us to reduce the immediate burden on City taxpayers, and that is tremendously important,” Long Beach City Council Vice President Scott J. Mandel added.
Earlier this year, Assemblyman Weisenberg fought hard to ensure that this year’s state budget provided the city of Long Beach with $4.8 million in state aid, including a $1.4 million advance on its municipal aid.
“This is another positive example of what we as elected officials can do when we work together for the good of the community,” Assemblyman Weisenberg concluded.