The following excerpt is from an Newsday article by Jonathan LaMantia that was published October 19th, 2024. You can read the entire piece here.
… Richard Murdocco, an adjunct professor at Stony Brook University who teaches courses on planning and economic development, said there is room for criticism of rebates as “papering over” the problem of rising tax bills without addressing the drivers of cost. But there are more significant obstacles hurting first-time homebuyers, such as inadequate housing options.
“If we reach the point where we’re that worried about giving seniors and veterans a break in their property taxes, then we’re doing something collectively wrong,” Murdocco said. “There are much bigger issues and drivers of cost than that, [which are] halting the transition of property from one generation to another.”
