tax breaks

6:23am

Fri June 27, 2014
Business

Restaurants consider forming association to combat Destiny USA tax breaks

Restaurant owners meet in Syracuse to discuss ways to combat Destiny USA's 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.

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6:22am

Fri March 14, 2014
Regional Coverage

DeWitt nano hub announces first feature film project

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.”

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8:09am

Mon February 17, 2014
Politics and Government

As hearings conclude, lawmakers set to take on budget

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.

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1:11pm

Tue December 17, 2013
Business

SU bookstore project will meet deadline to keep tax break

An artist's rendering of the future Syracuse University bookstore complex
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.

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8:01am

Mon December 16, 2013
Politics and Government

IDC introduces its Affordable NY plan

Sen. Dave Valesky promotes the IDC's Affordable NY plan.
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.

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6:46am

Thu November 21, 2013
Regional Coverage

SU bookstore project risks losing its controversial tax break

The renderings of a bookstore and fitness center planned for Syracuse University.
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.

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6:21am

Thu September 5, 2013
Politics and Government

NY Senate hearing places focus on special tax breaks

Members from several progressive groups hold signs during a press conference.
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.

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7:22am

Wed September 4, 2013
Politics and Government

Business group pushes for tax cuts, fracking to revive upstate economy

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.

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4:48pm

Wed May 8, 2013
Business

IDAs need to be more transparent, accountable, says comptroller

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.

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8:52am

Fri March 22, 2013
Politics and Government

Despite agreement, budget talks go on

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.

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3:10pm

Tue March 5, 2013
Regional Coverage

GOP pushes middle class tax breaks

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.
 

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3:38pm

Fri February 22, 2013
Politics and Government

Cuomo reacts to IDA backlash on sales tax proposal

Gov. Andrew Cuomo in western New York
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.

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8:00am

Sat December 1, 2012
Energy

Expiring tax credits for renewables blow an ill wind

70 new turbines dot the horizon in Clinton, NY.
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.

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3:56pm

Fri June 15, 2012
Politics and Government

Senator says tax breaks for small businesses would help women

Sen. Kirsten Gillibrand and Suzanne Kondra-DeFuria outside of Potter's Heating and Plumbing this afternoon.
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.

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5:00pm

Sat May 26, 2012
The Upstate Economy

IDA reform bill stuck in neutral

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.

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