District needs answers about mall’s taxable status for establishment of the 2017-18 tax levy

The Valley Stream District 30 Board of Education and administration are urging the Town of Hempstead and the Town of Hempstead Industrial Development Agency to provide the Nassau County Assessor’s Office with a decision on whether the Green Acres Mall will be restored to taxable status for the 2017-18 school year.

In light of the IDA’s decision to revoke the payments in lieu of taxes previously granted to Green Acres Mall, Valley Stream District 30 has not received information related to the taxable status of the mall. They have been in contact with the Comptroller’s Office, State Education Department, Town of Hempstead, Town of Hempstead Industrial Development Agency, County Legislature, Tax Assessors Office, local politicians, Nassau BOCES District superintendent and legal counsel seeking guidance and direction.

The district must establish its tax levy for the upcoming school year by Aug. 15, 2017. Without knowing the taxable status of the mall, the district will once again be forced to estimate what it will receive. This could potentially result in the district either levying more money than needed to operate (which would negatively affect the taxpayers of the community) or facing a revenue shortfall that could affect programs and services provided to students. This could result in a $10 million dollar surplus (affecting Valley Stream’s 30, 24, 13 and Central High School taxpayers) or a $10 million dollar deficit, devastating student programs.

“Once again, the district is seeking specific dollar amounts to complete the 2017-18 school tax levy, ” said Superintendent of Schools Dr. Nicholas Stirling. “It is imperative that the County legislature (which has the authority) to place the mall back on the tax rolls and release the information to the Assessor’s Office as soon as possible so that the mall properties can be restored to taxable status. Valley Stream District 30 is committed to working with all parties to resolve this situation and do what is best for our children and taxpayers.”