Politics & Government
Long Beach Homeowners Will Pay 10% More In Property Taxes
The city council passed the 2023-2024 budget on Tuesday night.
![Long Beach homeowners are set to pay more in property taxes.](https://patch.com/img/cdn20/users/24966732/20230524/033402/styles/patch_image/public/202110-pcs-calculator-wi-anderson___24153319278.jpg)
LONG BEACH, NY — The Long Beach City Council approved a new $102 million budget on Tuesday that will lead to homeowners seeing a large hike in their property taxes.
The tax increase of nearly 10%, will average out to $462 per homeowner, Newsday said.
The 2023-2024 budget goes into effect on July 1.
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Homeowners are left footing the bill due to $5.5 million Long Beach will pay developer Sinclair Haberman, the first portion of a $75 million settlement, City Council President John Bendo announced.
In 2021, the city was found liable in a 30-year-old case involving the development of oceanfront property, owned by Haberman, who wanted to turn it into condominiums adjacent to the boardwalk.
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A settlement reached last year between the two parties cut the payment in half, Newsday reported.
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