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Rail Expansion urged by Pataki in NY State

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  • jim@xxxxxxxx.xxx
    FYI....from 1-4-2000 GOVERNOR PATAKI UNVEILS 21ST CENTURY UPSTATE ECONOMIC AGENDA Rail Access Tax Incentive: To assure continued access to efficient,
    Message 1 of 1 , Jan 6, 2000
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      FYI....from 1-4-2000

      GOVERNOR PATAKI UNVEILS 21ST CENTURY UPSTATE ECONOMIC AGENDA


      Rail Access Tax Incentive: To assure continued access to efficient, inexpensive rail transportation in upstate communities, the Governor is proposing substantial property tax relief to rail companies that make a commitment to continued service and capital investment. By reducing property taxes -- thereby reducing the cost of doing business -- rail companies that operate in upstate New York would be encouraged to expand their service, allowing for increased economic activity. To mitigate the fiscal impact on localities, beginning in 2001, the State would provide $7 million annually in transition aid for five years, to help offset the reduction in property tax collections.
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