A business would buy an insurance contract that, say, guarantees the processing of VAT rebates within three months.
Discounted prices negotiated based on the early benefit assessment show that the new system has resulted in substantial rebates within a wide range of results.
So while owners in different districts might receive different rebates, owners within a particular district all received the same amount.
Without the buybacks, Mr. McGreevey warned, interest payments could begin to choke off money for needed state programs, like the tax rebates themselves, within a few years.
An impending 29percentt cut in rebates offered within the service area of Pacific Gas and Electric, the dominant utility in Northern California, means that "with the module price drop over the last few months, it is pretty much a wash," Bill Stewart, president of SolarCraft, an installer in Novato, Calif., said in an e-mail message.
Twentypercentto40percentcent of the rebate was spent within three months, one study found.
That would be consistent with earlier research suggesting that people spend around 20percentt of a tax rebate or refund within the first three months of receiving it and roughly 30percentt more in the next nine months, Laurence Seidman, an economist at the University of Delaware, said.
You'll have to purchase the drive by this Saturday, the 13th, and send the rebate form back within a month.
But in a concession to the Council, Mr. Bloomberg is ready to mail out $400 property tax rebate checks to homeowners within the next few weeks, the council members and aides said.
