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News stories tagged with "taxes"

Farmer John Peck, of Peck Homestead Farm in Champion, in Jefferson County, is worried about how steadily rising property taxes are affecting his livelihood. Photo: Joanna Richards
Farmer John Peck, of Peck Homestead Farm in Champion, in Jefferson County, is worried about how steadily rising property taxes are affecting his livelihood. Photo: Joanna Richards

Could the two percent ag land tax cap hurt non-farmers?

New York farmers are closely watching the fate of a bill in Albany that would cap assessments of their land at a two percent increase per year. That's compared to the current 10 percent per year.

Agricultural land is assessed according to the crops growing on it. And corn and soybean prices have been soaring. But lots of farmers might not see profits from those high prices, and many say they're paying a lot more in taxes, without taking in a lot more money.  Go to full article
Potsdam mayor Steve Yugartis. Photo courtesy Steve Yugartis.
Potsdam mayor Steve Yugartis. Photo courtesy Steve Yugartis.

Potsdam cautious on Cuomo's tax free zones

Governor Andrew Cuomo and his cabinet are on the road for a second week, pushing hard on a proposal to create tax-free zones for businesses that set up shop on or near public college campuses in New York.

He's due in Plattsburgh this morning. Cuomo's Deputy Secretary of State, Dede Scozzafava, has already visited SUNY Potsdam and SUNY Plattsburgh to pitch the plan.

At the initial announcement in Albany last week, Cuomo said the tax free zones will boost the struggling upstate economy. "It doesn't cost us money," he said. " It's not an investment in tax dollars. It's stopping the collection of tax revenues. So I think it is exactly the type of approach the state needs to take."

The plan would provide a 10-year abatement of all taxes...sales, property, corporate, state income taxes and fees - for the business and its employees.

Legislative leaders have not yet said they'll support the proposal. Monday, the governor called a group of local leaders to Albany Monday to ask for their help in convincing state lawmakers it's a good idea.

Steve Yugartis is Mayor of the Village of Potsdam. He wasn't in Albany for the meeting. He says he doesn't know much about the plan, and considering the village's existing tax free properties, he's cautious about adding more.  Go to full article
Map showing all SUNY campuses in New York. Source: NYS
Map showing all SUNY campuses in New York. Source: NYS

Cuomo's tax-free zones draw mixed reviews

Governor Cuomo has been traveling the state promoting a plan to allow new businesses to go tax-free for up to a decade if they locate near a State University campus. The plan, which is yet to be drafted into bill form, has raised some questions.

Governor Cuomo has been to several key upstate cities in recent days, promoting a plan to declare tax-free zones around state college campuses, in hopes of attracting new businesses.  Go to full article
Keene Central School, Keene Valley, NY
Keene Central School, Keene Valley, NY

Stressed schools face troubling budget votes

Across the North Country voters go to the polls to decide the fate of their local school districts, electing new school board members and approving or rejecting school budgets.

This isn't just another ho-hum year for school districts. For half a decade, many districts have faced a nightmare of declining, or flat state aid, skyrocketing costs, a property tax cap and in some parts of the region, sharply declining enrollment. Those pressures have pushed some districts to the brink.  Go to full article
Voter, 2012. Photo: Julie Grant
Voter, 2012. Photo: Julie Grant

Most School Budgets Expected to Pass

Voters in New York go to the polls on Tuesday, May 21 to approve new school budgets. The State School Boards Association finds that many school districts are living within the limits imposed by a property tax cap enacted two years ago.

The School Board Association's Tim Kremer says a survey of the state's school districts finds that the vast majority are budgeting within the strictures of the tax cap, and as a result, 93 percent expect their budgets to be approved by voters.  Go to full article

New York state to crack down on tax evasion

It's tax day, and New York state says it's cracking down on tax evasion.

In a press release, New York State Tax Commissioner Tom Mattox says he's expanding a partnership with the State Police to aggressively pursue people who don't pay their taxes.  Go to full article

Reform Group: Big campaign donations mean big tax loopholes

A group pressing for public campaign financing has compiled a list of large corporations who gave hundreds of thousands of dollars to some New York lawmakers. They charge that the donations are preventing the legislature from closing what they say are corporate tax loopholes.  Go to full article
Gov. Andrew Cuomo delivering his Executive Budget Address on Jan. 22, 2013. Photo: Gov. Cuomo's office via <a href="http://www.flickr.com/photos/governorandrewcuomo/">Flickr
Gov. Andrew Cuomo delivering his Executive Budget Address on Jan. 22, 2013. Photo: Gov. Cuomo's office via Flickr

Cuomo's low-key budget plans may yet generate drama

Governor Cuomo is trying to have a no-drama budget this year, with a low-key presentation and a fiscally austere spending plan, with no major cuts or new taxes.

But growing opposition from the teachers' union and local governments may yet result in some sparks flying before the deal is settled in late March.  Go to full article
New York State Comptroller Tom DiNapoli. Photo: Comptroller's office
New York State Comptroller Tom DiNapoli. Photo: Comptroller's office

NY Comptroller: fiscal cliff worst for low and middle incomes

The budget showdown, with its possibility of the nation heading over a "fiscal cliff", has gotten lots of attention in recent weeks. If Congress doesn't make a budget deal by year's end, it will trigger an end to many tax breaks, and automatically cut spending on federal programs.

In his blog this week, Watertown Mayor Jeff Graham calls all the concern "media hype." He says it doesn't matter if tax rates revert to the levels they were before President George W. Bush took office.

New York State Comptroller Tom DiNapoli disagrees. He says the other side of the fiscal cliff will be particularly bad for New York's middle and lower income families.  Go to full article
New York Thruway. Photo: <a href="http://www.flickr.com/photos/mpd01605/">MPD01605</a>, CC <a href="http://creativecommons.org/licenses/by-sa/2.0/deed.en">some rights reserved</a>
New York Thruway. Photo: MPD01605, CC some rights reserved

NY Thruway authority postpones meeting

The New York Thruway Authority has postponed a meeting scheduled for Friday, Nov. 9, and rescheduled it for Tuesday, Nov.13. While there's no official agenda, opponents of a toll hike on trucks believe the matter will be voted on when the board meets.  Go to full article

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