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Long Beach Residents May Be Hit With 7.9% Tax Increase

April 22, 2019 - 2:16 pm
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LONG BEACH, N.Y. (WCBS 880) — Residents in Long Beach may be hit with another tax increase, for the second year in a row.

In 2018, the City Council in Long Beach voted to approve an 8.3% tax increase. Now, city manager Rob Agostisi is proposing a 7.9% hike.

“Many people are inclined to automatically assume the worst whenever they hear a number like that, understandably,” Agostisi said. “In real dollars, 7.9% increase equates to about $300 increase annually for the average Long Beach household, which is considerable but hopefully, not insurmountable, especially when you consider the city’s strong housing market.”

He notes that in the years following Superstorm Sandy, there were no tax hikes and the city was considerate of all the homes that were destroyed in the flood waters.

Though, the town has gone too long without an increase and can no longer rely on federal funding from rebuilding projects to balance budgets.

“We expect there to be some leveling off in the tax increases afer this year and that’s in large measure due to some new financial initiatives that have been put into place recently, including the retention of a financial consultant, which is the first in the city’s history,” Agostisi said.

Agostisi will present the proposed budget to the City Council at a May 7 meeting.