April 3, 2012 12:00 AM
The absent refunds could threaten the livelihood of some small business owners. Louann Vallone owns a paper converting business in Roosevelt. The business has been in her family for over 50-years.
Vallone told CBS 2′s Maurice Dubois that she risks losing the business because her $80,000 property tax refund has yet to arrive.
“We’ve had to make a lot of adjustments and changes to try to keep up. This is one of the big things that keeps me up at night,” she said.
Vallone has lost 20 employees in the last two years she has also had to put one of her warehouses up for sale. Joseph Curcio, a business owner in Hicksville understands. Curcio is owed $112,000 by Nassau County.
Curcio says that his situation has gotten so dire that the bank has gotten involved.
“When the tax refunds didn’t come at the beginning of this year, the bank put the building in foreclosure,” he said "
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