LIPA: “Yes” on Glenwood;
“No” on Northport Plant
In a settlement that could have profound impact on nearby Northport, the Long Island Power Authority (“LIPA”) a state agency, reached a tentative deal with Nassau County over the tax assessment of LIPA’s Glenwood Landing and Island Park power plants. The tentative deal calls for a 50% reduction in the taxes LIPA pays for school, town and county property taxes, with the reduction to be phased-in over seven years, from 2021 to 2028. That tax reduction for LIPA likely means a ta