Coliseum vote may raise tax-cap issue
Photo credit: Danielle Finkelstein | The exterior of Nassau Coliseum (July 15, 2011)
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A proposal to build a new Nassau Coliseum with up to $400 million in borrowed money may bump up against New York's new property-tax cap law, officials say.
If the proposal is approved in a public referendum on Monday, the borrowing could trigger up to a 4 percent property-tax hike, according to the Nassau Interim Finance Authority. That would force the Nassau County Legislature either to vote...
