Extends the expiration of payments in lieu of taxes for Lido Beach in the town of Hempstead until June 30, 2027.

Assembly Bill A08268, introduced by Assemblymember Eric Brown, extends the expiration date of payments in lieu of taxes (PILOT) for Lido Beach in the town of Hempstead until June 30, 2027. This extension allows the town to continue receiving these payments, which are typically used to compensate for tax revenue lost due to tax-exempt properties. The bill was introduced on May 6, 2025, and was substituted by Senate Bill S07806 on June 17, 2025. ([legiscan.com](https://legiscan.com/NY/bill/A08268/2025?utm_source=openai)) Senate Bill S07806, sponsored by Senator Patricia Canzoneri-Fitzpatrick, passed both the Senate and Assembly and was signed into law by the Governor on June 18, 2025. ([nysenate.gov](https://www.nysenate.gov/legislation/bills/2025/S7806?utm_source=openai))

The extension of PILOT payments for Lido Beach is expected to provide financial stability for the town of Hempstead, ensuring continued funding for local services and infrastructure. This legislative action has been viewed positively by local officials and residents who rely on these funds for community development and maintenance.

Some critics argue that extending PILOT payments may delay the town's efforts to diversify its revenue sources and reduce dependency on such agreements. There are concerns that prolonged reliance on PILOTs could hinder long-term fiscal planning and growth strategies for the community.