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Schenectady collects $1.7 million in back taxes

City residents faced foreclosure

The Patton & Hall building located at 237 State St. in Schenectady is pictured on Friday. The building is tied up in bankruptcy proceedings, delaying foreclosure.
Photographer: Marc Schultz
The Patton & Hall building located at 237 State St. in Schenectady is pictured on Friday. The building is tied up in bankruptcy proceedings, delaying foreclosure.
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Threats of foreclosure brought a flood of money to the city this spring. Schenectady received $1.7 million in back taxes from dozens of owners who didn’t want to lose their properties. Unfortunately, many others didn’t pay up. If every owner threatened with foreclosure had paid, the city would have collected about $4 million. “We’re doing good. It’s not great,” said Mayor Gary McCarthy. The city was dealt one particular disappointment when the owner of 237 ...

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