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In the News

Nov 2019

Buffalo is booming

Buffalo’s waterfront, centered on Canalside, is currently in the midst of a transformation and revival. The area has a rich history to draw upon and is considered a historical treasure. The Buffalo waterfront is currently the focus of many projects as the area is rapidly becoming a destination for recreation, entertainment, sports, dining and a …

Nov 2019

Vernon Hills Shopping Center sold for over $125 million

The Vernon Hills Shopping Center in Eastchester has been sold to a private real estate investment firm which has a retail, hotel and office portfolio encompassing more than 100 buildings valued at $14 billion. The shopping center at the Eastchester/Scarsdale line was bought by New York City-based Ashkenazy Acquisition Corp. (AAC) from Vernon Hills Shopping …

Nov 2019

Syracuse officials target property tax inequities reported by Syracuse.com

SYRACUSE, N.Y. – City officials said they are committed to making property assessments more fair and to curbing a widely abused tax exemption, two issues highlighted by Syracuse.com’s reporting on property taxes this year. Representatives of Mayor Ben Walsh told city councilors Friday the mayor will ask the council to pass legislation amending a tax …

Nov 2019

Walmart, Lowe’s among big retailers scheming to avoid Maine property taxes

In a scheme that could lead to millions of dollars in lost revenue for Maine communities, behemoth retailers like Walmart, Lowe’s and Home Depot are looking to bypass state property taxes by arguing that towns should calculate the value of their stores as if they were “dark,” or closed. According to a report from the …

Nov 2019

Viewpoints: Regular property assessments key to tax fairness

Special to The News Property reassessments, in the words of a fellow public servant, are “like going to the dentist.” We don’t like them, but like the dentist, they serve a good purpose. In and of themselves, reassessments do not necessarily mean higher taxes. The professionals say that after a reassessment, on average, one-third see …

Nov 2019

Citywide revaluation doesn’t mean an automatic tax hike

Buffalonians are bracing for the impact of their 2020 reassessments, the new property values based on the first citywide revaluation since 2001. How so? The Common Council recently established a property tax exemption for about 350 low-income senior citizen homeowners in targeted areas who would otherwise be affected by the reassessment. Council members now hope …

Oct 2019

Schumer presses Senate vote on SALT revision, but it fails

WASHINGTON — A legislative maneuver by U.S. Senate Minority Leader Charles E. Schumer to blunt Republican capping of New York’s state and local tax (SALT) deduction met defeat on the Senate floor Wednesday. In a 52-43 vote that for the most part fell along party lines, the chamber’s Republicans turned down a Schumer measure that …

Oct 2019

Destination Maternity to close 183 stores in Chapter 11 bankruptcy

Destination Maternity filed for Chapter 11 bankruptcy protection Monday, as the apparel company hopes to avoid the growing graveyard of fashion retailers felled by expensive leases and digital competition. The retailer operates stores under several brands, including Destination Maternity, Motherhood Maternity and A Pea in the Pod. The company had 446 stores in the U.S., Canada and …

Oct 2019

Cheektowaga reinstates townwide reassessment

The on again/off again townwide reassessment in Cheektowaga is on again. The Town Board on Tuesday voted 4-2 to reinstate the reassessment, a plan that was rejected less than a month ago. Deputy Supervisor Brian Nowak and Councilman Gerald Kaminski voted in support of the townwide reassessment plan, the first since 2014. Two Council members …

Oct 2019

Schumer presses vote to restore SALT deductions

WASHINGTON — Senate Minority Leader Charles E. Schumer on Tuesday promised to use a legislative maneuver to force a Senate vote to bolster states like New York in their efforts to blunt the cost of Congress capping the so-called SALT deduction in the Republican tax law of 2017. “Taking away the SALT deduction was brutally …

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