NEW YORK – Use Of Controversial Tax Break By Developers In Buffalo Continues To Grow

Use of a controversial property tax exemption for commercial projects in Buffalo keeps growing, according to a new report by a government watchdog group that has criticized the way developers have used the lucrative program.

The Public Accountability Initiative projected the total value of the 485-a tax break in Buffalo at $66.9 million between this year and the end of 2030, based on the 96 properties that have received the incentives. That’s up from $63.5 million over 12 years when the group first reported on the program a year ago.

For the Full Story: The Buffalo News

The buffalo news
by jonathan D. Epstein
november 4, 2019