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New York Lawmakers Push for New Limits on School Tax Breaks

Summary by Ground News
New York lawmakers plan to push a bill limiting tax breaks that threaten school funding. The legislation would prohibit industrial development agencies from waiving taxes that would otherwise go toward funding school districts. The exemptions in recent years have reached nearly $2 billion. New York City schools lost $1.3 billion to the city's tax abatement programs.
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New York Lawmakers Push for New Limits on School Tax Breaks

As New York students and teachers head back to classrooms, some Albany lawmakers are planning to push a bill limiting tax breaks that threaten school funding.

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bloombergtax.com broke the news in on Thursday, August 31, 2023.
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