Thanks to my friend KC for the following summary of the OCIDA (Onondaga County Industrial Development Agency) COR tax break application for Inner Harbor developments:
COR had been working with SIDA (Syracuse Industrial Development Agency) but, due to not agreeing with a recent assessment value of its property, decided to take its PILOT to OCIDA instead of staying loyal to SIDA. The effect of this ... Our City's resources will still have to respond to COR's property with public safety, infrastructure and engineering needs, but the City will not be receiving property taxes, it will be the County that receives the taxes. The city will be then given a currently undetermined amount of money from those taxes the County receives. Also associated with this is that, currently 42% of the City's property tax dollars go to SCSD (Syracuse City School District). So, in a way, COR is hurting our children by going to OCIDA.
Please contact the OCIDA Board Members and demand they decline COR's application for tax relief at the Inner Harbor development projects.
OCIDA Board Members
Dan Queri, Chair
Letters can be sent to the following physical address:
Onondaga County Industrial Development Agency
333 W. Washington Street, Suite 130
Syracuse, NY 13202