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Tax Exemptions - Golub Properties
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Libertarian4life
December 4, 2012, 11:09pm Report to Moderator

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461 Nott St























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Libertarian4life
December 4, 2012, 11:10pm Report to Moderator

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Total = $22,822,850.00
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rpforpres
December 5, 2012, 6:20am Report to Moderator

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How can ONE company have so many exemptions, oh yearh never mind this is Sch'dy County  
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Patches
December 5, 2012, 8:09am Report to Moderator
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buy one get one free.......save on gas.........boy what a bargain.
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bumblethru
December 5, 2012, 10:04am Report to Moderator
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Doesn't it belong to galesi?
Golub rents from them for 'x' amount of years....like the dss building?


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
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Libertarian4life
December 5, 2012, 10:56am Report to Moderator

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Quoted from bumblethru
Doesn't it belong to galesi?
Golub rents from them for 'x' amount of years....like the dss building?


The Nott St property is listed as BN Properties in Rotterdam Industrial Park. The rest are owned directly
by Golub.

The self serving issue is that Golub chairs the Metroplex, that gives the exemptions, then rents from one of the exemptees.
Just to make it not look improper.

On the rest of the properties, Golub, exempted his own Corporate properties.

Mallozzi has an $87,000.00 exemption on his hotel as well.

Regardless of all that, the millions being exempted is the reason for the tax increases.

Target gets Empire Zone assistance and tax breaks and Glenville gets a tax increase to fund it.

They are borrowing millions from the taxpayers to assist those who don't need it, for promises of revenues someday.

Millionaires should not be getting public assistance. Paid for by homeowners.

Is Schenectady incapable of attracting businesses without borrowing millions from the overburdened
taxpayers to entice them with zero interest loans, grants, discounted purchases or free properties and
tax free status for close to a decade.

Corporate entitlements has killed the property values in Schenectady County.

Look at the list of exemption types that NY State allows local municipalities to use to funnel from the
homeowners to the corporate entitled.

http://www.tax.ny.gov/research/property/assess/manuals/vol4/pt1/section2/sec2_01.htm

Empire Zone exemptions are one of hundreds of exemption types the cities and towns use to benefit
select persons or corporations. All at taxpayer expense.

The STAR exemption and Veteran exemptions are also on the above list, but they are  the only
exemption for homeowners.

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Libertarian4life
December 5, 2012, 11:25am Report to Moderator

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436 State St







Private Community Service and Social Organizations

Section 4.05 - RPTL Section 427

Performing Arts Building

Exemption Code(s): 29500 Year Originally Enacted: 1960

Related Statutes: RPTL § §420-a, 490

SUMMARY: Real property owned by a corporation organized to sustain, encourage, promote, and educate
the general public in musical and performing arts is wholly exempt from taxation and is exempt, for certain
purposes, from special ad valorem and special assessments.

The following conditions must be met: (1) the corporation's certificate of incorporation must be approved
by the state Commissioner of Education, (2) the land portion of the property must have been acquired by
a municipality by purchase or condemnation and sold at public auction to the corporation for the purpose
of insuring neighborhood rehabilitation, (3) moneys donated to the corporation by other charitable or
educational corporations or as a result of general appeal must have been used for acquisition of the property,
and (4) the property must be used to provide operatic, musical, and dramatic performances and other related
educational activities, either directly by the owning corporation or indirectly by leasing or otherwise making the
property available for use by other nonprofit corporations organized for the same purposes as the owning
corporation.

    ELIGIBILITY REQUIREMENTS:
        Ownership Requirements: Property must be owned by a corporation organized to sustain, encourage,
and promote musical and performing arts.
        
        Property Location Requirements: None.
        
        Property Use Requirements: Property must be used for the production of musical and performing arts
by providing operatic, musical, and dramatic performances and related educational activities, either directly
by the owning corporation or indirectly by leasing or otherwise making the property, or portions of it, available
to other nonprofit corporations organized for the same purposes as the owning corporation. The property may
be leased for income purposes for public performances, theatrical performances, opera, ballet, concerts,
lectures, meetings, graduation exercises, or other related educational or noncommercial uses without affecting
the exempt status of the property
, provided that the following conditions are met: (1) such leasing or use is
not the principal purpose to which the property is put and (2) any income generated is necessary for and is
actually applied to the maintenance and support of the owning corporation or another nonprofit corporation
organized for the same purposes.
        
        Certification by State or Local Government:The owning corporation's certificate of incorporation must be
approved by the state Commissioner of Education.
        
        Required Construction Start Date or Other Time Requirement:  None.































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Libertarian4life
December 5, 2012, 11:27am Report to Moderator

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436 State St will never pay taxes.

The property was sold for $150,000 with no chance of ever getting taxes from it again.

Wholly exempt. Forever.
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mikechristine1
December 5, 2012, 7:52pm Report to Moderator
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Regarding 436 State St, it is 1,000% clear that the building is NOT in any way, manner, shape or form  meeting the definition within that law.   It is a banquet hall, it puts on lavish expensive affairs and Morris is making a whopping profit from it.

It is totally a FOR PROFIT COMMERCIAL BUSINESS AND NOTHING LESS

That said, is it interesting that in 2011 it was assessed for $538,900 and because properties were assessed at full market value in 2011, you can see that the full market value is also $538,900.

And here is THE EVIDENCE (since we "nayboobs" ALWAYS provide the evidence in these forums)





Now one year later, in 2012, the property assessment has been lowered to $250,000 reflecting a full market value of $240,285




LOTS of taxpayer money spent to buy and remodel this building and the value of the building goes down???????

With all this taxpayer money spent on downtown, properties at least downtown should be increasing, right?

So here we have the EVIDENCE once again.      In the midst of hundreds of millions of the taxpayers' money spent to remodel/rebuild downtown, the EVIDENCE is proving that even the market value of downtown properties is plummeting!!!!!!!!!

And the cheerleader's names are remaining in total silence at all the proof coming out



This should be Ms Stanforth's next great investigative report.





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.
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senders
December 6, 2012, 4:23am Report to Moderator
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PRICELESS


...you are a product of your environment, your environment is a product of your priorities, your priorities are a product of you......

The replacement of morality and conscience with law produces a deadly paradox.


STOP BEING GOOD DEMOCRATS---STOP BEING GOOD REPUBLICANS--START BEING GOOD AMERICANS

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rpforpres
December 6, 2012, 4:57am Report to Moderator

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mentioned this at the council meeting and how much is brought in on weekends to Proctors key hall, there is no arts going on there, nope none at all  
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rpforpres
December 6, 2012, 5:23am Report to Moderator

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Quoted Text
"Our lives begin to end the day we become silent about things that matter." – Martin Luther King, Jr.
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rachel72
December 6, 2012, 3:16pm Report to Moderator
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Quoted from rpforpres
mentioned this at the council meeting and how much is brought in on weekends to Proctors key hall, there is no arts going on there, nope none at all  


Who at Proctors (Perazzo, Johnson, Azmat) could give a rats a** about arts? The Metroplex and government grants are supplying that machine with multi-millions of dollars...they need to do NOTHING in order to get that money. Get some second rate shows, receive double star exemptions, give nothing back to the community....but secure their $100K salaries and benefits...well, they'll work hard to make sure they have enough politicians within their 4 walls to keep the money train going.

They are not simply a non-profit, they are knowingly stealing from every taxpayer for their own profit.

Golub ...well....he's not as flamboyant in his politico affiliations. He's under the radar, but still very much on the screen.
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TakingItBack
December 6, 2012, 3:40pm Report to Moderator
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Regardless, we are losing taxable sales base to other counties.  Schenectady County cannot compete with Saratoga and Albany for jobs and businesses.  We missed the boat!. To late.  We need to accept that and need to figure out a way to reidentify ourselves.  

I believe that we could be big again in manufacturing.  Get back to our roots......to bad the "Planners" are landlocking our way out of that plan.  STS Steel could be huge.  SCCC could be a huge piece of that strategy.  


Wish I knew how to make tables

Schenectady Taxable Sales
Taxable Sales     Ending 1997     Ending 2009      Difference     % Diff
Utilities (excl. residential energy)     56,995,277     28,647,854     (28,347,423)     -50%
Construction     33,095,922     37,409,364     4,313,442      13%
Manufacturing     44,422,703     37,811,931     (6,610,772)     -15%
Wholesale Trade     240,667,395     170,362,866     (70,304,529)     -29%
Retail Trade Total     954,774,195     846,151,503     (108,622,692)     -11%
Motor Vehicles & Parts     261,760,326     258,721,910     (3,038,416)     -1%
Furniture & Home Furnishings     32,666,182     25,219,458     (7,446,724)     -23%
Electronics & Appliances     24,091,448     17,532,458     (6,558,990)     -27%
Building Materials & Garden Equipment     74,346,445     101,126,286     26,779,841      36%
Food & Beverage     106,583,618     84,769,724     (21,813,894)     -20%
Health & Personal Care     34,047,593     23,687,093     (10,360,500)     -30%
Gasoline Stations     100,453,180     65,940,153     (34,513,027)     -34%
Clothing (excl. local sales)     53,848,131     20,413,957     (33,434,174)     -62%
Sporting Goods, Hobby, Book & Music Stores     28,963,519     15,503,881     (13,459,63     -46%
General Merchandise     147,849,323     161,519,789     13,670,466      9%
Miscellaneous Retail     69,237,588     40,679,127     (28,558,461)     -41%
Nonstore Retail     20,926,842     31,037,667     10,110,825      48%
Information     91,001,267     118,913,862     27,912,595      31%
Professional, Scientific, & Technical     26,816,616     17,595,091     (9,221,525)     -34%
Administrative/Support Services     34,647,037     43,733,515     9,086,478      26%
Health Care     3,533,315     2,284,291     (1,249,024)     -35%
Arts, Entertainment, & Recreation     7,742,658     6,576,411     (1,166,247)     -15%
Accommodation & Food Services Total     124,165,624     149,350,930     25,185,306      20%
Other Services Total     56,274,820     53,803,533     (2,471,287)     -4%
Repair & Maintenance     40,044,798     47,521,850     7,477,052      19%
Personal & Laundry Services     5,301,394     3,473,421     (1,827,973)     -34%
All Other Services     10,928,629     2,808,262     (8,120,367)     -74%
Ag., Mining, Trans., FIRE, Educ., & Govt.     78,419,081     52,567,545     (25,851,536)     -33%
Unclassified by Industry     10,767,710     4,962,356     (5,805,354)     -54%
Total     1,763,323,620     1,570,171,052     (193,152,56     -11%


Life is tough, but it's tougher when you're stupid - John Wayne


TIP TO NEW VISITORS TO THIS FORUM - To improve your blogging pleasure it is recommended to ignore (Through editing your prefere) the posts of the following bloggers - DemocraticVoiceofReason, Scotsgod08 and Smoking Bananas.  They continually go off topic, do not provide facts and make irrational remarks. If you do not believe me, this can be proven by their reputation scores or by a sampling of their posts.  
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senders
December 6, 2012, 7:41pm Report to Moderator
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Quoted Text
Obama Plays It Safe With the Arts
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By DAVID A. SMITH

Last week President Barack Obama announced Jim Leach as his choice to lead the National Endowment for the Humanities. Mr. Leach, an Iowa Republican who served 30 years in the House before losing his bid for re-election in 2006, notably went against his party last year by endorsing Mr. Obama, not John McCain, in the presidential race. Now that President Obama has picked Mr. Leach for NEH and Rocco Landesman, a successful Broadway producer, to head the National Endowment for the Arts, the Obama cultural team is complete.

Of the two, Mr. Leach is more surprising -- if only because his cultural qualifications aren't as immediately obvious. But he was a solid supporter of the endowments while in Congress, and both the National Humanities Alliance and Americans for the Arts recognized his contributions. He's also familiar with academia, having recently taught at Harvard and Princeton.

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David Gothard
Still, Messrs. Leach and Landesman are probably not the choices initially expected from a president who was being lobbied just a couple of months ago to do something as bold as create a cabinet-level department of arts and culture. These are the choices, rather, of a president who doesn't want this to be a political fight. With these nominations it's also clear that Mr. Obama is not making a statement that great change is needed at either agency. This is not to disparage these choices -- both of which, in addition to being rather surprising, are quite good, at least in the eyes of those who think both endowments are already following a wise course. In fact, given the constituencies that rallied most vociferously behind Mr. Obama in the campaign, his choice of these two men ought to elicit a sigh of relief from conservatives.

Taken together, what might these two nominations mean for the relationship between the government and the arts under the Obama administration? Do they signal any new directions for these agencies?

Not necessarily. Both endowments currently enjoy considerable support in Congress and, given the history of the NEA in particular, this is no small achievement. While some supporters of the arts are quite upset with the direction the NEA has taken in the past few years (more about this later), there's no denying that it's in better shape than it ever has been. It enjoys broad support in Congress in part because it has steered clear of controversy and extended its good effects.

For its part, the NEH has traditionally avoided the troubles that have periodically plagued its sister agency, and it's hard to imagine Mr. Leach now endorsing some great change of course. In the past few years the NEH has given tens of thousands of books, classics of literature, civics and history, to public and school libraries. A new program called "Picturing America" distributes high-quality reproductions of famous American works of art to schools, the aim being to help students "learn about our nation's history and culture in a fresh and engaging way."

There's a parallel at the NEA. Such programs as "Shakespeare in American Communities" and a national poetry recitation contest called "Poetry Out Loud" are bringing the arts to people whose direct contact with them has been lacking. Overall, the NEA has undertaken as its primary mission spreading more appreciation for the arts. Inasmuch as the youth of today are the art patrons of the future, the endowments do well to cultivate their interests.

Yet many artists and academics regard programs such as these as bland -- timidly designed only to avoid controversy. The primary undertaking of both endowments, they believe, should be to award grants to individual artists and scholars so as to break new and experimental ground. Congress, however, ordered the arts endowment to discontinue this practice in the mid-1990s in the wake of the infamous scandals earlier that decade. But many in the arts community insist that it's time for the NEA to have this power once again. It will be interesting to see whether President Obama and Mr. Landesman actively lobby Congress to make the change.

On the surface there's certainly nothing wrong with either cultural agency disbursing grants to individuals. But the debate over such grants highlights the question of who should be the real beneficiary of the endowments: artists and scholars or the public? In truth, the NEA functions just fine without making individual grants. In fact, absent this practice it's easier to see the agency as its creators back in 1965 intended: one whose primary beneficiary is to be the American people as a whole.

Privately funded art need not steer clear of controversy, but publicly funded art should. In addition to hurting the endowments' standing in Congress, controversy undermines in the public eye the idea that the arts and humanities are important to civic life and are worthy of public funds.

Both endowments have power to do good things within the broader American culture. If there's no change in direction for the agencies, it still bodes well for the arts and humanities in the country. Particularly if their budgets can increase, the endowments can continue to evangelize for the arts and humanities in a culture that sadly seems to value them less than business, science and professional education.

Messrs. Leach and Landesman might well be a team that could keep the endowments clearly working for the public good, and that would be welcome.

Mr. Smith is a senior lecturer in American history at Baylor University and the author of "Money for Art: The Tangled Web of Art and Politics in American Democracy" (Ivan R. Dee, 200. He can be reached at http://www.davidasmith.net.


...you are a product of your environment, your environment is a product of your priorities, your priorities are a product of you......

The replacement of morality and conscience with law produces a deadly paradox.


STOP BEING GOOD DEMOCRATS---STOP BEING GOOD REPUBLICANS--START BEING GOOD AMERICANS

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