Your math is a bit screwed up -- along with your thinking. The return is not a one time thing - IT IS EVERY YEAR -- and that does NOT include sales tax revenue generated EVERY YEAR and the spending power created by employees' income EVERY YEAR and the spending power of the businesses and the businesses' owners EVERY YEAR and the income taxes paid by employers and employees EVERY YEAR. This is absolutely NOT a failure. It is a success -- a great success -- a success that apparently makes a**-hole nayboobs like you go apoplectic because you couldn't even run a lemonade stand let alone run a City-County.
And what do the minimum wage job employees buy??????? Well???? Answer????????
And jyust remember DV, that these places got more in taxpayer handouts than they will have paid in 20 years in their pilots!
Now tell us what all this hs done to the tax base????? Can you answer that WITH PROOF?
And where is your proof of your statement that taxes were higher 10 years ago????? Huh?????? Why do you REFUSE to prove it???????
That's right, pretend that you have me blocked.
Everyone who reads this, copy my message and post it to DV, that will guarantee he sees it.
but guaranteed, he WILL NOT provide one teeny weendy shred of proof that taxes were higher 10 years ago!!!!!!
Come on everyone, challenge DV to provide proof of what he said about taxes being higher 10 ye3ars ago. I'm sure we all would like to see what kind of adult fairy tale answer he provides.
Optimists close their eyes and pretend problems are non existent. Better to have open eyes, see the truths, acknowledge the negatives, and speak up for the people rather than the politicos and their rich cronies.
Let's take for example Bomber at 447 State Street....
In 2007, Metroplex was going to sell the building to a tailor for $250,000. Metroplex money of $74,850 was used for skylights, new windows an asbestos removal.
They sold it to Bombers in 2008 for $250,000 down (the Plex gave Bombers $250,000) and another $250,000 to be paid in the next 15 years (hence claiming a $500,000 sale).
Plex gave Bombers a $40,000 grant for whatever.
Plex gave Bombers a $75,000 façade grant.
Bombers is assessed at $774,500 and they pay a $15,000 PILOT ...... I pay the same amount on my building assessed at $240,000 in the City.
So.... for $189,850 of taxpayer money in the form of grants and a $250,000 Metroplex loan (interest unknown)... the taxes aren't even 1/3 of what they should be.
This is all for 15 - 20 jobs....
This is crap. Complete fiscal incompetence and highway robbery.
Of course DV will NOT address that, the only thing his child mind can do is copy and paste from a newspaper he claims isn't worth what it's printed on. And then spew some babble about taxes when not only does he not know, he has never seen a tax bill in his life.
Optimists close their eyes and pretend problems are non existent. Better to have open eyes, see the truths, acknowledge the negatives, and speak up for the people rather than the politicos and their rich cronies.
Let's take for example Bomber at 447 State Street....
In 2007, Metroplex was going to sell the building to a tailor for $250,000. Metroplex money of $74,850 was used for skylights, new windows an asbestos removal.
They sold it to Bombers in 2008 for $250,000 down (the Plex gave Bombers $250,000) and another $250,000 to be paid in the next 15 years (hence claiming a $500,000 sale).
Plex gave Bombers a $40,000 grant for whatever.
Plex gave Bombers a $75,000 façade grant.
Bombers is assessed at $774,500 and they pay a $15,000 PILOT ...... I pay the same amount on my building assessed at $240,000 in the City.
So.... for $189,850 of taxpayer money in the form of grants and a $250,000 Metroplex loan (interest unknown)... the taxes aren't even 1/3 of what they should be.
This is all for 15 - 20 jobs....
This is crap. Complete fiscal incompetence and highway robbery.
The building was improved (facade, windows, asbestos removal) . The building is now occupied by a business that generates sales tax revenue, pays wages to employees, purchases goods and services in the community and pays a $15,000 PILOT (which is still money in the local governments coffers whether you call it a PILOT or property tax) --- and most importantly -- draws people into Downtown. That is fiscally competent. That is a huge win for everyone.
The alternative - which is you prefer - would be to leave an empty asbestos ridden, run-down building standing to rot in ghost-town Downtown. YOUR suggestion is fiscally incompetent and, quite frankly, just plain stupid.
George Amedore & Christian Klueg for NYS Senate 2016 Pete Vroman for State Assembly 2016[/size][/color]
"For this is what America is all about. It is the uncrossed desert and the unclimbed ridge. It is the star that is not reached and the harvest that is sleeping in the unplowed ground." Lyndon Baines Johnson
Your math is a bit screwed up -- along with your thinking. The return is not a one time thing - IT IS EVERY YEAR -- and that does NOT include sales tax revenue generated EVERY YEAR .
Wrong again, you misguided easily duped blind supporter of thievery.
The $15 million returned for the last year is not even valid to be counted as a return, since the Metroplex outspent that by $6 million.
Your every year theory of return, would in fact be valid, except for the fact that Metroplex outspends the total incoming pilot dollars every single year since it's creation.
So let me revise my numbers for you.
Over $200 million dumped into the downtown abyss and not one cent of new pilot payments being paid that was not outspent by Metroplex.
Nice try though. You must have learned your math the same way as the tax and spend McThugg.
The city deficit, the outstanding city debt and the county debt are all directly caused by the uncontrolled spending of Metroplex.
As stated earlier, if they created their own revenue source, by adding a half percent sales tax, the city and the Schenectady county taxpayers wouldn't be outraged.
P.S.
Sales tax revenue has been dropping steadily. Stop making stuff up.
The total tax revenue is still plummeting and the sales tax revenue is as well.
Bringing in $15 million while spending over $20 million is a failure.
Designed to fail forever.
Metroplex has no plans to ever spend less than the amount that the pilots bring in.
Wrong again, you misguided easily duped blind supporter of thievery.
The $15 million returned for the last year is not even valid to be counted as a return, since the Metroplex outspent that by $6 million.
Your every year theory of return, would in fact be valid, except for the fact that Metroplex outspends the total incoming pilot dollars every single year since it's creation.
So let me revise my numbers for you.
Over $200 million dumped into the downtown abyss and not one cent of new pilot payments being paid that was not outspent by Metroplex.
Nice try though. You must have learned your math the same way as the tax and spend McThugg.
The city deficit, the outstanding city debt and the county debt are all directly caused by the uncontrolled spending of Metroplex.
As stated earlier, if they created their own revenue source, by adding a half percent sales tax, the city and the Schenectady county taxpayers wouldn't be outraged.
P.S.
Sales tax revenue has been dropping steadily. Stop making stuff up.
The total tax revenue is still plummeting and the sales tax revenue is as well.
Bringing in $15 million while spending over $20 million is a failure.
Designed to fail forever.
Metroplex has no plans to ever spend less than the amount that the pilots bring in.
They answer to no one.
Very well said L4L. Very well explained, L4L. DV obviously failed reading comprehension AND math.
Not to mention, the falling tax base.
And worse, the lost revenue to the city when the city does tax foreclosures because the owners cannot afford to make up for the lost revenue from downtown not paying their FULL share, and the foreclosures result in taxes on the houses not being collected, and we pretty much all know that foreclosures seem to be at record highs.
Then on top of the lost revenue from residential property taxes due to foreclosure, there is the necessity for the city spend more because it must maintain those foreclosed properties. It would be one thing if foreclosed properties were quickly bought but not only are people who would be owner occupants not buying these properties, even the "investors" (the absentee landlords) are not even buying them!
Optimists close their eyes and pretend problems are non existent. Better to have open eyes, see the truths, acknowledge the negatives, and speak up for the people rather than the politicos and their rich cronies.
Wrong again, you misguided easily duped blind supporter of thievery.
The $15 million returned for the last year is not even valid to be counted as a return, since the Metroplex outspent that by $6 million.
Your every year theory of return, would in fact be valid, except for the fact that Metroplex outspends the total incoming pilot dollars every single year since it's creation.
So let me revise my numbers for you.
Over $200 million dumped into the downtown abyss and not one cent of new pilot payments being paid that was not outspent by Metroplex.
Nice try though. You must have learned your math the same way as the tax and spend McThugg.
The city deficit, the outstanding city debt and the county debt are all directly caused by the uncontrolled spending of Metroplex.
As stated earlier, if they created their own revenue source, by adding a half percent sales tax, the city and the Schenectady county taxpayers wouldn't be outraged.
P.S.
Sales tax revenue has been dropping steadily. Stop making stuff up.
The total tax revenue is still plummeting and the sales tax revenue is as well.
Bringing in $15 million while spending over $20 million is a failure.
Designed to fail forever.
Metroplex has no plans to ever spend less than the amount that the pilots bring in.
They answer to no one.
It is NOT a theory but a FACT. That is $15 million just in PILOTS to local government -- EVERY YEAR. You want to ignore the other FACTS -- sales tax revenue generated, incomes created by jobs created, the money spent by these businesses in the community and the FACT that these once empty run-down buildings are now occupied and drawing people into Downtown and other parts of the City-County of Schenectady.
You obviously have no clue about the budget issues.
Finally, you are the one who is purposely wearing blinders -- You are so blinded by your vile, partisan hatred that you act like a spoiled child and refuse to see the truth.
The City-County of Schenectady has been on the right road - improving and revitalizing - for the last 10 years, Thank you --- Mr. Jasenski, Mr. McCarthy, Mr. Gillen and the rest of the WORKING TOGETHER TEAM (Savage, Dagostino, Stratton, etc.).
George Amedore & Christian Klueg for NYS Senate 2016 Pete Vroman for State Assembly 2016[/size][/color]
"For this is what America is all about. It is the uncrossed desert and the unclimbed ridge. It is the star that is not reached and the harvest that is sleeping in the unplowed ground." Lyndon Baines Johnson
The City-County of Schenectady has been on the right road - improving and revitalizing - for the last 10 years, Thank you --- Mr. Jasenski, Mr. McCarthy, Mr. Gillen and the rest of the WORKING TOGETHER TEAM (Savage, Dagostino, Stratton, etc.).
Really? Is a massively falling tax base the right direction for the city and county? How about the falling property values? The falling home salees The falling home sale prices Is record high numbers of tax foreclosures an indication of a city and county moving in the right direction? Increase in abandoned homes, and related blight, in the neighborhoods where the taxpayers live, is a good thing? It's good to make the taxpayers live in slum conditions while the multimillionaire political cronies of the dems get richer and avoid living in the city? Is it good that the dems exempt the department heads from paying taxes in the city?
The very increasing taxes, probably the highest in the state outside of the ritzy NYC area and immediate surroundings.
Virtually eliminating Central Park is going in the right direction? How about eliminating the curb to curb plowing? Is that the proper thing to do?
Well?
All you talk about is the shiny buildings downtown, Tell us about the neighborhoods where the taxpayers actually live. 10 years ago blight was primarily just on Hamilton Hill and Vale areas. It was creeping into MP and Easstern Ave. Today it has virtually overtaken MP, Eastern Ave, Central State St, It's inching it's way through Bellevue. Northside is seeing lots of blight too. What have you got to say about that???? Huh????? Is this a good thing that the taxpaying people have to live in slum areas?
Optimists close their eyes and pretend problems are non existent. Better to have open eyes, see the truths, acknowledge the negatives, and speak up for the people rather than the politicos and their rich cronies.
It is NOT a theory but a FACT. That is $15 million just in PILOTS to local government -- EVERY YEAR. You want to ignore the other FACTS --
You obviously have no clue about the budget issues.
Finally, you are the one who is purposely wearing blinders -- You are so blinded by your vile, partisan hatred that you act like a spoiled child and refuse to see the truth.
First, let me say that I am a retired bookkeeper.
"$15 million just in PILOTS to local government -- EVERY YEAR", while spending over $20 million is an outright loss of gross revenue.
I have no partisan hatred.
I hate being forced to pay double the taxes that I used to, with absolutely no benefit to me, my family, my friends or my neighborhood, and as an additional slap in the face the town is now charging for yard waste services.
You support corporate welfare and redistribution of wealth.
You call it revitalization.
You live a life of delusion.
You think losing over $6 million a year is an improvement.
How do you justify corporate welfare for the rich?
are you aware the city is not the county....seems your stuck there in many posts
While the city and the county are in fact separate entities, the money spent by metroplex comes from the entire county, and must be replaced by the entire county of taxpayers.
Metroplex takes from us all and dumps it into the abyss.
While the city and the county are in fact separate entities, the money spent by metroplex comes from the entire county, and must be replaced by the entire county of taxpayers.
Metroplex takes from us all and dumps it into the abyss.
The foreclosures are not just city properties.
i fully agree...and my post was for dvr who seems to think they are one and the same in all aspects financially
i fully agree...and my post was for dvr who seems to think they are one and the same in all aspects financially
He is unable to see the total unfairness of taking county funds to finance downtown.
If Metroplex added a half a percent sales tax and did their nonsense our taxes would be half of what they are now.
If the county really wanted to grow the entire county, they would simply add one percent sales tax, causing an immediate surplus and property taxes could be eliminated entirely.
I'm talking about property taxes for the entire county.
Buyers would be waiting in line for property tax free properties, and everyone's actual home values would double.
i fully agree...and my post was for dvr who seems to think they are one and the same in all aspects financially
There you go again with your lies and distortions. I certainly do NOT think that they are one and the same in all aspects financially. Nothing that I posted would even suggest that. I refer to this community as the City-County of Schenectady because a) I identify as a member of the larger community .. the city and the county .. and not just of one part defined by some 200 year old arbitrary drawing of lines on a map; b) I fully support the consolidation of ALL of the municipalities within the county into a single city-county and c) I am PROUD to be a SCHENECTADIAN and very pleased with the positive direction in which it is now heading.
George Amedore & Christian Klueg for NYS Senate 2016 Pete Vroman for State Assembly 2016[/size][/color]
"For this is what America is all about. It is the uncrossed desert and the unclimbed ridge. It is the star that is not reached and the harvest that is sleeping in the unplowed ground." Lyndon Baines Johnson
There you go again with your lies and distortions. I certainly do NOT think that they are one and the same in all aspects financially. Nothing that I posted would even suggest that. I refer to this community as the City-County of Schenectady because a) I identify as a member of the larger community .. the city and the county .. and not just of one part defined by some 200 year old arbitrary drawing of lines on a map; b) I fully support the consolidation of ALL of the municipalities within the county into a single city-county and c) I am PROUD to be a SCHENECTADIAN and very pleased with the positive direction in which it is now heading.
"are you aware the city is not the county" hows the again & lies in that? so as per your post above refering"city-county"AGAIN....but,as you like.. lol...i currently live a city resident/homeowner life, but i also own a house in rotterdamn...so maybe i too should just identify myself as a county resident?...so the community lines don't matter anymore? that would be great news at tax time... and please keep me updated on the consolidation effort...i can use the time till it happens to get old
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