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GE Files Lawsuit For Reduced Property Taxes
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Admin
November 3, 2011, 5:38am Report to Moderator
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ROTTERDAM
GE tax dispute begins again
Schalmont, town face major revenue losses from assessment suit

BY MICHAEL GOOT Gazette Reporter

    Schalmont Central School District offi cials are worried that their budget could take a $13 million hit if GE is successful in lowering its assessment.
    The company has filed a lawsuit in state Supreme Court asking for a reduction in its property tax assessments for a five-year period beginning in 2007. The company is currently assessed by the town at $141.5 million and GE offi cials are seeking to lower that to $30 million.
    Superintendent Valerie Kelsey said she could not determine exactly what impact the reduction would have on educational programs. The district cut more than $2 million from its budget last year, mostly by closing Mariaville and Woestina elementary schools, to make up for reductions in state aid. It also cut 24 full-time equivalent teaching, support staff and administrative positions.
    “Anything like this is going to have a detrimental effect in a fi scal crisis that we’re in,” Kelsey said.
    This is the third such assessment challenge in the past decade. After a lengthy court battle, GE’s 325 acres in Rotterdam was set at $126.4 million in 2003 and $129 million in 2004. After the ruling was upheld by the court’s Appellate Division, that assessment was locked in for 2005 to 2007.
    As a result, the district had to pay the company $1.1 million. In 2002, after another successful GE challenge, the district had to pay about $11.6 million, which it borrowed and is continuing to pay back with interest. ..................>>>>...................>>>>....................http://www.dailygazette.net/De.....r01100&AppName=1
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littlesal
November 3, 2011, 6:28am Report to Moderator
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So how does buffardi plan on dealing with this?????..???????
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Shadow
November 3, 2011, 6:38am Report to Moderator
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Raise the residents taxes to make up the difference for the loss of GE revenue.
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alias
November 3, 2011, 6:38am Report to Moderator
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Quoted from Shadow
Raise the residents taxes to make up the difference for the loss of GE revenue.


Bingo!!!!  
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CICERO
November 3, 2011, 6:41am Report to Moderator

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Take money from sewer an fire districts to fill the gap.


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GrahamBonnet
November 3, 2011, 9:30am Report to Moderator

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Buffardi says he wants to lower GE's taxes. So we can pay more. That is straight from Paulino's book.


"While Foreign Terrorists were plotting to murder and maim using homemade bombs in Boston, Democrap officials in Washington DC, Albany and here were busy watching ME and other law abiding American Citizens who are gun owners and taxpayers, in an effort to blame the nation's lack of security on US so that they could have a political scapegoat."
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senders
November 3, 2011, 6:08pm Report to Moderator
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make the unions EAT IT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! TAX CAP...TAX CAP....TAX CAP.......


WHO'S GOT THE BIGGEST?



...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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senders
November 3, 2011, 7:22pm Report to Moderator
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this should also go to the Schalmont thread

a teet sucker.....let the union pay their dues


...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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Walt
November 3, 2011, 7:52pm Report to Moderator
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Senders you say you are a nurse? Dont you belong to a union . If not it sucks to be you .

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CICERO
November 3, 2011, 7:55pm Report to Moderator

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Yeah Senders, don't you want a union boss telling you how much you should make so he/she can make double that off of your labor?  It's the American way.  


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Shadow
November 3, 2011, 8:00pm Report to Moderator
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Unions are wonderful, they tell their members to vote for a strike and walk the picket line and while out of work your family endures hardships but the union leaders still get paid.
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CICERO
November 3, 2011, 8:07pm Report to Moderator

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Quoted from Shadow
Unions are wonderful, they tell their members to vote for a strike and walk the picket line and while out of work your family endures hardships but the union leaders still get paid.


Well, while the workers are out loafing on the picket lines, the union negotiators are having lunch at Saratoga Prime with management working out a deal that is best for the workers.  Believe me, every bite of the filet and sip of $200 bottle wine, they are thinking of the worker.


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GrahamBonnet
November 3, 2011, 8:14pm Report to Moderator

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I am always looking for someone to tell me that I can paid no more than laziest piece of scum who works next to me and does a third of the work I do. Great deal. Makes everyone down to that lowest Eastern/Southern European common denominator.


"While Foreign Terrorists were plotting to murder and maim using homemade bombs in Boston, Democrap officials in Washington DC, Albany and here were busy watching ME and other law abiding American Citizens who are gun owners and taxpayers, in an effort to blame the nation's lack of security on US so that they could have a political scapegoat."
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Shadow
November 3, 2011, 8:16pm Report to Moderator
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The biggest problem with unions is they defend the workers who should get fired.
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A Better Rotterdam
November 3, 2011, 8:26pm Report to Moderator

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Obviously bad news for the town. Any idea how much the legal battle will cost?
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Rotterdam NY...the people's voice    Rotterdam's Virtual Internet Community    Inside Rotterdam  ›  GE Files Lawsuit For Reduced Property Taxes

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