Money Back Guarantee: Some Profitable Proposals For Suffolk County Residents

When it comes to money and finances a few cents here and there can often or over time add up to a lot. And, if you’re one of the “fortunate” Long Island homeowners you know that a few percentage points can make a HUGE difference.

Well, now some potentially good news for Suffolk County residents. Officials are proposing a 2 percent general tax cut for 2007.

And, the new budget, should it go through, includes a police district budget, one below the rate of inflation, as well as a $16 million tax rebate to residents. In fact, the overall bulk of taxes raised from the public in the upcoming year for county services will be lower, for the third year in a row.

In fact, officials note that it is merely a continuation of the success experienced in 2006 where residents benefited from a $13 million “rebate” issued in the form of a 40 percent suspension of the energy tax.

Additionally, local official suggest that savings, including those resulting from an expected settlement with LIPA and the sale to tax liens on certain properties will enable more money to be contributed to the general fund, and hence returned to the public in the form of a $16 million “refund” or rather rebate.

And, officials also expect to propose a request to credit card companies, financial institutions and gas companies the notion of issuing a gas cash card to every resident with a noncommercial vehicle registered in Suffolk. The suggested rebate would amount to the savings that a driver would get with the county portion of the gas tax capped at $2 per gallon for 18 months at the current rates.