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Letters: Homeowners foot bill for local tax breaks

The average rate for a 30-year, fixed-rate mortgage

The average rate for a 30-year, fixed-rate mortgage surged to 3.94 percent this week, up from 3.57 percent a week earlier, mortgage giant Freddie Mac reported Thursday morning, Nov. 17, 2016. Photo Credit: iStock

The Oct. 5 business news story “Self-storage plan gets tax aid” said a facility would get a $400,000 tax break, but employ just two people. What a ripoff.

It is newsworthy because it illustrates the limits political figures will go to help out corporate America.

This is yet another example of corporate welfare. The inmates are really running the asylum. Should we give a tax break to a resident who buys a boarded-up house in a neighborhood? I don’t think so. What this company got was a huge write-off for filling empty space.

Joe Fritz, Brentwood


The industrial development agencies of Nassau County and the Town of Hempstead are giving away tax exemptions like Halloween candy.

A Honda dealer in Valley Stream, Safeguard Self-Storage and Green Acres Mall [“Lawmakers want audits of mall’s tax breaks,” News, Oct. 18] all qualify for this ridiculous benefit. They claim they are tourist destinations because half of their business comes from outside Nassau County.

News alert to the IDA: Valley Stream is on the Nassau- Queens border. It makes sense that much of its business would come from outside Nassau.

What the IDAs are doing is not in the spirit of the intent of this benefit. And who is going to make up the tax revenue loss? The average homeowner who can ill afford to pay now.

Gov. Andrew M. Cuomo, please stop this insane tax break. Isn’t there already enough financial trouble in Nassau County? If you can’t, then offer the tax break to homeowners. More than half of my relatives who visit me come from outside Nassau County.

Sal Giunta, Valley Stream


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