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Board hears $40,000 revenue loss after Valley Stream Central High School District buys village parcel
Board of Trustees, Village of Valley Stream · April 1, 2026
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Summary
Staff told trustees that 10 5th Street was purchased by the Valley Stream Central High School District and must be removed from the tax roll, creating approximately $40,000 in lost annual revenue; trustees discussed appraisals and potential offsets but no final remedy was set.
Village staff informed the board that 10 5th Street was acquired by the Valley Stream Central High School District and, under counsel from the district's attorneys, the property must be removed from the tax rolls. Staff said that removal reduces village revenue by about…
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