During a Legislative Breakfast hosted by Governor Cuomo at the Governor’s Mansion on February 8, 2011, Assemblyman Andrew Raia (R,I,C-East Northport) sought the governor’s help on the pending lawsuit from the Long Island Power Authority (LIPA).
“I made sure that Governor Cuomo is aware of the severity of the situation regarding the Northport Power Plant. He is now acutely aware of the enormous tax burden that the school district and Long Island taxpayers would face,” said Raia.
In October, LIPA filed a petition that challenged the assessed value of The Northport Power Plant. In the lawsuit, LIPA claims that they are over-assessed and is asking for the court’s assistance in reducing its assessment. If LIPA wins the lawsuit, property taxes would rise nearly 50 percent to cover the loss of property tax revenue from the plant and refunds totaling a whopping $63.4 million would have to be issued. This vast financial loss could put an unbearable strain on the town and school district.
“I was sitting next to the Governor's Counsel, both he and the Governor seemed very receptive and aware of the situation and promised, after the appointment of the new LIPA Chairman and the LIPA Board Member selection, that he would work with the state Legislators, Huntington Town Officials and LIPA to find a reasonable solution to this problem,” said Raia.