As the state wrestles with passing an on-time budget, marked by painful cuts to close a $10 billion budget gap, Long Island could be getting good news this Spring when two components in New York State Senator Kenneth P. LaValle’s Innovation Highway are set to get underway.
LaValle says that the engine to drive the creation of new jobs and boost the economy is right in our backyard. “This Spring,” LaValle said, “two projects, The Stony Brook University Incubator at Calverton and The Advanced Energy Research and Technology Center are scheduled to bloom.” The projects are part of LaValle’s Innovation Highway – a tech corridor stretching from The Stony Brook University Incubator at Calverton to North Shore Hospital in Manhasset .
New York State Senator Kenneth P. LaValle said his bill capping school taxes for eligible senior citizens older than 70 years of age has passed the New York State Senate and will now go to the Assembly.
This bill amends the real property tax law by establishing a fixed real property school tax rate for persons 70 years of age or over who meet the requirements for the enhanced STAR exemption. Under the bill, residential real property owned and occupied by individuals who are 70 years of age or over; or by husband and wife, one of whom is seventy years of age or over and meets each of the requirements for the enhanced STAR exemption, will be eligible for a fixed real property school tax rate.