Bronx homeowners start to cash in on rebates

Homeowners from the Bronx are beginning to receive rebate checks from the city.

Mayor Michael Bloomberg opposed issuing the $400 rebate checks to homeowners this year due to the city's $1.3 million budget deficit. The City Council voted against him.

One resident said he will use the $400 check to pay off bills from holiday shopping.

The rebate checks cost the city $256 million.

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