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Schenectady County, public need more details about in-lieu-of-tax deals

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A Dec. 30 Gazette story, “PILOT payments top $14M,” lists 44 companies in Schenectady now paying no local, county or school tax on their property because they are tax-exempt. Their tax-exempt status comes from their property being listed in one of the towns’ or the city’s assessor’s office as owned by either the city or county IDA (Industrial Development Authority) or Metroplex. Metroplex and the two IDAs are themselves tax-exempt by state law and everything ...

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