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.
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by jonathan D. Epstein
november 4, 2019