SCHENECTADY COUNTY County to boost funds for the arts Proctors to share bed tax receipts BY MICHAEL LAMENDOLA Gazette Reporter September 26, 2007
FINANCIAL OUTLOOK “We want good things to continue to happen,” said county Legislature Chairwoman Susan Savage, D-Niskayuna. County Finance Commissioner George Davidson said he projects the county will receive $340,000 this year from the bed tax and approximately $350,000 next year. It received $325,000 in 2006. Davidson also expects sales tax receipts to hit a record total of $83.5 million this year. The county will retain 60 percent of any growth beyond this amount and will distribute the remaining 40 percent to the towns, villages and city....http://www.rotterdamny.info/m-1182254176/s-195/
Quoted Text
Schenectady County collected $82.4 million last year(2010), compared to $80.1 million the year before(2009). Rensselaer County realized $67.5 million in 2010, compared to $65.3 million a year earlier. The fourth quarter of last year boosted the revenues in all of the counties. From October through December, Albany received $2.4 million more in sales tax collections than the year before for $56.6 million. Saratoga collected $1.9 million more last quarter for $23.9 million, while Schenectady received $1.4 million more for $20.8 million and Rensselaer collected $1.4 million for $16.9 million.
County Democrats project $83.5 million is sales tax in 07. In 09 the county collects $80.1 and in 10 the county collects $82.4 million. Great Job Democrats, property taxes are UP and sales tax revenues are down. THANK GOD FOR METROPLEX!!!
County Democrats project $83.5 million is sales tax in 07. In 09 the county collects $80.1 and in 10 the county collects $82.4 million. Great Job Democrats, property taxes are UP and sales tax revenues are down. THANK GOD FOR METROPLEX!!!
No surprise here at all.
And DV is saying what? Truth hurts, doesn't it DV.
Sol tell us DV, just HOW has all the theft from the taxpayers helped the city? Huh? Well? An answer?
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.
DEM morons and the Gazetto "experts" were projecting over $100 million in sales tax receipts by 2008. Pie in the sky numbers from miracle Downtown. When you chase retail out and replace it with "arts" you have serious problems. Take another look at the best mall in the County-Rotterdam Square. Friendly's, McDonald's and Auntie Annes pretzels have all fled.
Here's a realistic projection-if this new DEM County Home isn't stopped County property taxes will go up 10% per year for ten years and you won't be able to give away property anywhere in the County.
County Democrats project $83.5 million is sales tax in 07. In 09 the county collects $80.1 and in 10 the county collects $82.4 million. Great Job Democrats, property taxes are UP and sales tax revenues are down. THANK GOD FOR METROPLEX!!!
No wonder Dicerbo left before his term ended. Metrograft is the biggest taxpayer ripoff in the State. Magician Death Ray keeps trying to pull a rabbit out of his hat and has only produced higher tax bills and phony promises.
No wonder Dicerbo left before his term ended. Metrograft is the biggest taxpayer ripoff in the State. Magician Death Ray keeps trying to pull a rabbit out of his hat and has only produced higher tax bills and phony promises.
Like I said in another post..........he left because he knew the sh!t was going to hit the fan......SOON!!!
When the INSANE are running the ASYLUM In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche
“How fortunate for those in power that people never think.” Adolph Hitler
The only thing is one is projected, the other actual. I wonder what it would be actual to actual, since they always pad the projections.
I did find an article that lists sales tax revenue in 2002 at $66.6 million...THEN after 4 successful years of Metroplex, in June of 2003, the County raised sales tax .5% which they estimate would generate an extra $9 million in revenue. That puts us at $75.6 million(based on estimates)
So based on the 2010 number $82.4 million and the estimated $75.6 million in 2004 - sales tax revenue increased 8.9% or approximately $7 million MORE at the end of 6 years. Sounds great huh? 1.5% growth per year over a 6 year period. Now, lets take into consideration of how much of that tax money was collected to fund Metroplex: Based on the 2009 and 2010 financial report http://www.abo.state.ny.us/ann.....entAuthority2010.pdf Metroplex collected $7.2 million in 2010 and $7 million in 2009 of Schenectady County sales tax to fund Metroplex projects.
So in essence what Metroplex is doing is, collecting $7 million in sales tax revenue, turning the money over to Friends of Savage and Democrats, then giving the project company property tax exemptions, THEN much of the $7 million that gets redistributed by Metroplex is getting recirculated into Schenectady County economy through the patronage projects,then as tax receipts increase the following year at the rate of inflation because gas and clothing go up, the idiots at the County tell us that since sales tax receipt are up, the Metroplex is working.
It's a scam - wake up. Sales tax receipt in total dollars does not reflect economic activity. It means that when gas goes up in price 10 percent, the taxes collected go up proportionately.
So in essence what Metroplex is doing is, collecting $7 million in sales tax revenue, turning the money over to Friends of Savage and Democrats, then giving the project company property tax exemptions, THEN much of the $7 million that gets redistributed by Metroplex is getting recirculated into Schenectady County economy through the patronage projects,then as tax receipts increase the following year at the rate of inflation because gas and clothing go up, the idiots at the County tell us that since sales tax receipt are up, the Metroplex is working.
It's a scam - wake up!
Great review of the three card monty. I thought Metrograft was supposed to increase sales tax receipts and create jobs? It's totally failed at both. Receipts are down even with higher sales tax rates and the explosion in gas prices. Schenectady County again has the highest unemployment in the Capital District. The best way to reverse this is eliminate Metrograft, lower the County sales tax rate, which will have nonresidents come into the County to make more purchases, creating private sector jobs.
Great review of the three card monty. I thought Metrograft was supposed to increase sales tax receipts and create jobs? It's totally failed at both. Receipts are down even with higher sales tax rates and the explosion in gas prices. Schenectady County again has the highest unemployment in the Capital District. The best way to reverse this is eliminate Metrograft, lower the County sales tax rate, which will have nonresidents come into the County to make more purchases, creating private sector jobs.
Better do this fast Benny because at the June 6th City Counsel meeting ALCO is front-and-center for obtaining their Plex and City money. Talk about a COLOSSAL waste.....condos in a war zone. Guess the DEMS want to build new neighborhoods because they won't salvage the ones they already have.
Better do this fast Benny because at the June 6th City Counsel meeting ALCO is front-and-center for obtaining their Plex and City money. Talk about a COLOSSAL waste.....condos in a war zone. Guess the DEMS want to build new neighborhoods because they won't salvage the ones they already have.
Before or after they waive the open container law for Bombers? Just we need Downtown more drunks! Another handout for Bombers?
The DEMS have been pushed this ALCO fiasco for years. No one wants condos down there. When its all said and done they will chase Schenectady Steel out, chase all the good paying industrial jobs out, for a unused park, unused bike path and empty condos/apartments. Metrograft isn't able to bring in any jobs all they do is destroy existing home prices. The funniest part is the property owners in the Stockade that support this plan which will destroy their investments.
Where I didn't go into detail is the fact the taxpayer is stuck paying the outstanding debt created by the failed metroplex project(like the Parker Inn), and also make up the difference for the tens of thousands of dollars lost in tax revenue by granting property tax exemptions that is passed on to the residents. So not only are we stuck paying for metroplex failed projects, our taxes have been going up annually to pay for the infrastructure supporting these businesses that don't pay property taxes.
Based on County records, it looks like the Parker Inn's $682K property tax exemption was set to expire in 2012. That's a 10 year 54% tax break, or approximately a saving of $21K per year based on County records.
Based on County records, it looks like the Parker Inn's $682K property tax exemption was set to expire in 2012. That's a 10 year 54% tax break, or approximately a saving of $21K per year based on County records.
This house of cards is just beginning to fall.
Thus, the crux of the entire Metroplex failure. Not only are the taxpayers covering for the loss of the tax base of an entire Downtown area (plus new projects like Marcella's), but the non-payment and non-interest bearing loans the plex has handed out result in a second (and greater) loss to the City and County taxpayer. Cicero hit it right on the money.
Where Schenectady is failing is, we are attempting to create non production service jobs to replace the production jobs lost when GE downsized. There is no real wealth in Schenectady anymore, we produce NOTHING, we are now service oriented. Our elected leaders think by opening bars and restaurants around a theater, we can attract people from the areas where there is real productivity and wealth. NOT GOING TO HAPPEN. We will always be behind Saratoga and Albany in service and entertainment. If Schenectady were smart, we would start updating and preparing our infrastructure and industrial sites for the new modern factories, so when the national economy finally goes belly up and the dollar crashes, and the economy goes from consumption to production, we will be able to attract the modern manufacturers during the industrial rebirth.(lets just hope they're not Chinese owned)
If Schenectady were smart, we would start updating and preparing our infrastructure and industrial sites for the new modern factories, so when the national economy finally goes belly up and the dollar crashes, and the economy goes from consumption to production, we will be able to attract the modern manufacturers during the industrial rebirth.
Another grand slam! Unfortunately Schenectady is stupid and the voters consistently vote for the worst candidate. Good test this November. Anyone with sense left the County before Vinny Dicerbo DEM county "leader" extraordinaire. The ALCO fiasco was been gathering dust since Schumer was here years ago.
What these DEMS don't understand is that there are tougher regs for housing versus industrial development. The corporate campus on Maxon Rd {where's that Ba-Ba?} has been filled for years. We have a highly trained work force with many excellent machinists. Unfortunately we are stuck with fossil politicians/planners who push for condos/coffeehouses/parks where industrial jobs must be. A second rail line must be taken advantage of but they prefer feathering their own nests. Jobs what jobs?
Logged
DEM morons and the Gazetto "experts" were projecting over $100 million in sales tax receipts by 2008. Pie in the sky numbers from miracle Downtown. When you chase retail out and replace it with "arts" you have serious problems. Take another look at the best mall in the County-Rotterdam Square. Friendly's, McDonald's and Auntie Annes pretzels have all fled. 
Before or after they waive the open container law for Bombers? Just we need Downtown more drunks! Another handout for Bombers?
