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East Rockaway board enacts tax cut
The Village of East Rockaway has enacted a second consecutive cut to its municipal tax rate.
The 10,000-resident village’s board of trustees unanimously passed an $8.7 million budget on Monday night.
The move reduces the tax rate to $24.04 per $100 assessed valuation, village officials said.
The reduction cuts village taxes to $2,030 a year for the owner of an average home in East Rockaway, village officials said. That is $12 less than before, officials said.
The village had reduced taxes in the previous tax cycle, from $2,136 annually to $2,042 a year for the owner of an average home, village officials said.
The village was able to decrease costs in 42 of 46 budgetary categories, village officials said.
“We were able to conduct detailed and productive reviews of every village budget line to ensure East Rockaway continues to stretch every tax dollar while also cutting expenses and overhead,” Mayor Francis Lenahan said in a statement.
This year’s tax rate cut represents a 0.5 percent reduction, while the previous year’s cut was 3.5 percent.