tax breaks

Ellen Abbott / WRVO

Independent restaurants in central New York are hoping to fight what they call an uneven playing field when it comes to Destiny USA. Many restaurants say they’ve lost business since the mega-mall expanded a few years ago with the help of a tax deal with the city of Syracuse.

Denis Sick, of Mohegan Manor in Baldwinsville, has seen business fall 30 to 40 percent since December a year ago, and puts the blame squarely on competition from Destiny’s chain restaurants.

Vancouver Film School / Flickr

A futuristic movie called “The Opium War” will be the first feature film produced through the Central New York Hub for Emerging Nano Industries in DeWitt. A seven to eight week shooting schedule will start by the end of summer.

Film House Chief Operating Officer Michael Haggerty has already been in the Syracuse area scouting locations for the film, which he says is "about a female astronaut who crash lands and is offered a smuggling job that will pay for her ship's repairs.”

The state legislature has finished its hearings on Gov. Andrew Cuomo’s budget proposal, and will be ready to start crafting a spending plan once they return from the President’s Day break. One of the final hearings focused on the governor’s tax cutting plans, and lawmakers had plenty of questions.

Legislators at the hearing quizzed Cuomo’s tax commissioner on a plan that could result in a freeze of local property taxes. Tax Commissioner Thomas Mattox admits it’s a complex plan.

“This is clearly a very complicated space,” Mattox said.

Cameron Group, LLC.

The developer behind a new bookstore and fitness center for Syracuse University will meet its construction deadline and get to keep tax breaks from the city.

Tom Valenti of the Cameron Group says they’ll break ground this week on the facility, which will be located just off of SU’s campus. They had until Friday to do so or lose the 30-year property tax break it won from the city in August 2012.

Ryan Delaney / WRVO

The independent group of Democrats in the state Senate says its 2014 legislative agenda will have a positive impact on the greatest number of New Yorkers.

Following state Republicans and Gov. Andrew Cuomo's tax commission, the Independent Democratic Conference has put forward its ideas on how to use the projected $2 billion budget surplus next year.

The IDC is calling its plan "Affordable NY." It targets middle class New Yorkers through extended maternity leave and allowing college students to lock in tuition rates at public universities.

Cameron Group, LLC.

The construction of a new college bookstore on the Syracuse University Hill is in danger of losing its tax break if construction doesn’t start in the next month.

The university and the developer it selected, Cameron Group, won over Syracuse’s city council and industrial development agency (SIDA) for approval of the deal in August 2012.

But since shovels still haven’t broken ground on the project a year later, the city’s economic development agency this week voted the project in default of its contract. The developer has another 30 days to begin work.

Karen Dewitt/WRVO

Senate Republicans held a hearing on how to cut taxes, while also questioning whether some targeted special tax breaks are worth the money. Meanwhile, some groups complained that they’d been unfairly excluded from the discussion.

WBFO

An upstate pro-business group says regions of the state north of Westchester need special attention in the coming months to help the floundering economy. The group Unshackle Upstate is proposing a series of tax cuts, as well as a start to hydrofracking as the remedy.

New York State Comptroller's Office

The New York state comptroller’s office has released its annual report on New York’s 113 Industrial Development Agencies (IDAs), with concerns raised about the effectiveness and transparency of the organizations.

Even though state lawmakers announced a budget agreement Wednesday, they spent the day Thursday trying to pin down details and print the bills in time to be through over the weekend.

New York Senate Republicans are pushing for middle class tax breaks in the new state budget, including a return to the New York State School Tax Relief Program property tax rebate checks curtailed in 2009.
 

Ashley Hassett/Innovation Trail

During his visit to western New York on Thursday, Gov. Andrew Cuomo reacted to the backlash by Industrial Development Agencies (IDAs) against his executive budget proposal that would remove their powers to grant state sales tax exemptions.

Sarah Harris / NCPR

Over the last decade, new wind farms have changed America’s landscapes – and its power sources. The growth has been spurred by a production tax credit wind companies get in exchange for producing energy. But the credit is due to expire at the end of the year if Congress doesn’t renew it.

Matt Porter / WRVO

US Senator Kirsten Gillibrand was in Syracuse today at a local business promoting tax breaks for small businesses. The bill is particularly directed at companies owned by women.

IDA reform bill stuck in neutral

May 26, 2012
Daniel Robison / Innovation Trail / WBFO

In recent years, donut shops, car dealerships, and doctor's offices have received tax breaks from industrial development agencies in western New York.

Now, a first-term state legislator from Buffalo has crafted a bill to halt such deals.