When Governor Andrew Cuomo proposed a series of reforms for the state’s industrial development agencies, IDA representatives and local elected officials protested. Cuomo essentially wanted to restrict the agencies’ ability to grant exemptions on state sales tax, but local officials said that would rob them of a useful economic development incentive. Well, perhaps predictably, Cuomo’s […]
COMIDA
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Senate veers from Cuomo’s proposed IDA reforms
When Governor Andrew Cuomo proposed a series of reforms for the state’s industrial development agencies, IDA representatives and local elected officials protested. The governor essentially wanted to restrict the agencies’ ability to grant exemptions on state sales tax, but local officials said that would rob them of a useful economic development incentive. Well, perhaps predictably, […]
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COMIDA approves I-Square benefits
During its meeting this afternoon, the Monroe County Industrial Development Agency approved tax exemptions for Irondequoit’s I-Square project and for the potential new owners of the Monroe County Sports Centre. COMIDA approved a “custom abatement package” for the $9.9 million I-Square mixed use project, according to a press release from County Executive Maggie Brooks’ office. […]
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Week Ahead: Your say on the city budget, Pittsford elections, I-Square tax deal, eastside Dems endorse
This week, the City of Rochester will conduct the first of four public forums to gather input on next year’s budget. The 2013 to 2014 budget has a gap of about $28 million. At the meeting, Mayor Tom Richards will describe the city’s fiscal situation and share some proposed cutbacks. Your job is to tell […]
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State releases IDA data
The state Authorities Budget Office says that between 2008 and 2011, the Monroe County Industrial Development Agency awarded approximately $114 million in tax exemptions to businesses. The exemptions covered county property taxes, local sales tax, state sales tax, and mortgage recording taxes. But COMIDA’s total isn’t particularly high when compared to other Upstate metro IDA’s. […]
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Cuomo vs. the IDA’s
The Monroe County Industrial Development Agency, as well as virtually every industrial agency in the state, has come out against Governor Andrew Cuomo’s proposal to restrict agencies’ ability to offer state sales tax exemptions to businesses. | COMIDA has awarded state sales tax exemptions, along with county sales tax exemptions and other tax incentives, to […]
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Cuomo vs. the IDA’s
Virtually every industrial development agency in New York has come out against Governor Andrew Cuomo’s proposal to restrict their ability to offer state sales tax exemptions to businesses. The Monroe County Industrial Development Agency is part of the opposition. “We’ve been doing it since 1969 and it’s been effective,” says COMIDA executive director Judy Seil. […]
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Irondequoit Tops getting tax breaks, too
Last month, I wrote about a Henrietta Tops store that received tax breaks to move from one plaza on Jefferson Road to another. Now a similar scenario is happening in Irondequoit. Earlier this week, the Monroe County Industrial Development Agency approved tax breaks for the market at 1455 East Ridge Road to move to the […]
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College Town gets tax package
The Monroe County Industrial Development Agency has approved a package of tax breaks for the College Town mixed-use development. The University of Rochester initiated the project, which would be located on the west side of Mount Hope Avenue between Elmwood Avenue and Crittenden Boulevard. The project will include a Barnes and Noble, a grocery store, […]
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Irondequoit board backs tax incentives for I-Square
For I-Square, the third time was the charm. Last night, the Irondequoit Town Board voted to support a PILOT – payment in lieu of taxes – for the proposed mixed-use project. Although the Monroe County Industrial Development Agency would provide the PILOT, the Irondequoit Town Board has to approve it. Last night wasn’t the first […]
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Week ahead: another I-Square vote; a talk on race in America
On Tuesday, the Irondequoit Town Board will once again vote on a resolution regarding tax incentives for the I-Square project. (The resolution starts on page 44 of the board’s meeting packet, which is available here.) The board will be voting whether to support a payment in lieu of taxes agreement between I-Square and the Monroe […]
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I-Square in limbo
If the I-Square project in Irondequoit moves forward, it may not be in the form initially proposed, says the project’s developer, Mike Nolan. Last week, the Irondequoit Town Board tabled a resolution to approve a payment-in-lieu-of-taxes agreement for I-Square, a proposed commercial and retail development near the corner of Cooper Road and Titus Avenue. Last […]
