IDA officials say District 30's budgeting practices are part of the problem and the agency's current board is considering revoking the tax breaks.
Governor Cuomo's budget includes a proposal to tie the hands of local
IDA officials even tighter.
Not exact matches
In hopes of bringing boats back to the Syracuse Inner Harbor, where the water depth is as little as two feet in places, the Onondaga County
IDA voted to let state canal
officials dump mud dredged from the harbor on property owned by the county agency.
Henry Sloma, the
IDA's chairman, said he had not read the report or discussed its findings with state
officials.
State
officials are so confident that the
IDA will give tax breaks to hotel projects that their economic analysis assumes that developers will receive
IDA subsidies — even if they haven't yet applied for them.
School
officials say the
IDA did not give them the exact amount they would receive, so they estimated it at 50 percent based on previous agreements.
Miner said COR
officials had promised not to seek a payment in lieu of taxes, and that the
IDA should have imposed tougher local hiring requirements before granting one.
The councils are made up of local economic development
officials and academic leaders who serve on a volunteer basis (as do
IDA board members).
The decision, according to sources, came about two weeks ago at a closed - door joint meeting of county legislators, UCDC
officials,
IDA (Industrial Development Agency) leaders and the county executive's staff with Matteson.
Bagley said he felt it was important to give state
officials a directive to action — not just tell the Ulster County
IDA how they felt about PILOTs.
IDA and town
officials have fought Maragos, who is running for county executive, in his attempts for documents about the tax breaks, saying that only the state has the authority to audit an
IDA.
IDA staff arrived at that figure by counting employees at company buildings nearby that use the parking ramp, an approach criticized by
officials at the Authorities Budget Office.
Officials at two of the three local
IDAs that helped retailers reopen after Sandy struck on Oct. 29, 2012, said Monday there were still merchants seeking aid.
SelectOne
officials said the project needed
IDA tax breaks because, without them, the renovation work would have a negative return on investment of 1 percent over the next 10 years.