This week the Town of LeRay, under intense pressure from the professionals, approved a payment in lieu of tax deal for a long troubled on-post energy plant on Fort Drum.
The stated reason of course is jobs, jobs, jobs....
A study released recently contends tax breaks for business are largely ineffective and are bad public policy.
The reasons ?
The taxes in question are a small portion of overall operating costs, the tax breaks are so ubiquitous, they have no effect in directing development to blighted areas and the tax breaks deplete the ability of local government to provide services.
Such reasoning is heresy as PILOTS and abatements have become the standard giveaway.
Those pols who initially voted against the PILOT in LeRay were eviscerated by the political establishment and quickly backed off when a little more money was thrown on the table for the Town.
Property Tax Breaks Don’t Work » The Rochesterian
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