Dozens protest in Hempstead over mall tax break
Demonstrators met at Hempstead Town Hall Saturday to call for the town IDA to revoke a tax break granted to the Green Acres Mall.
As News 12 has reported, the IDA approved the plan two years ago for the mall's $79 million expansion, saying it would create jobs and boost the economy. However, Valley Stream officials say the breaks left residents to make up the difference. Lawmakers and residents say the result has been tax hikes of up to 14 percent for some residents.
"I am upset, our taxes have gone up $1,200," says Reginald Mackey, of Valley Stream. "My salary doesn't go up...so now I have to make differences left and right to help fund a corporation so they can get richer."
In November, six of the seven IDA board members resigned over the mall tax break controversy. The newly appointed board will hold a meeting on Thursday morning to further discuss the issue.