[CPEO-BIF] "Cuomo's [New York State] budget calls for revamped brownfield credits"

[Lenny Siegel <lsiegel@cpeo.org>]

Cuomo's budget calls for revamped brownfield credits

Jon Campbell
Rochester Democrat and Chronicle
January 21, 2014


Gov. Andrew Cuomo’s budget proposal on Tuesday will include a plan to  
revamp the state’s Brownfield Cleanup Program, an oft-criticized tax  
credit to developers who clean and build on contaminated sites.

The brownfield program, which is set to expire next year, would be  
extended for 10 years under the Cuomo plan, according to  
administration officials. But it would have a new set of criteria in  
place that is meant to crack down on abuse and target needy sites,  
including a requirement that remediation credits only be used on  
cleanup costs.

The current tax-credit system was knocked in a pair of reports  
earlier this year, including one from Environmental Advocates of New  
York that found the program had doled out $1.1 billion since 2006 to  
companies that redeveloped just 131 sites across the state.

...

For the entire article, see
http://www.democratandchronicle.com/story/VoteUp/2014/01/21/cuomos- 
budget-calls-for-revamped-brownfield-credits/4703321/


--

Lenny Siegel
Executive Director, Center for Public Environmental Oversight
a project of the Pacific Studies Center
278-A Hope St., Mountain View, CA 94041
Voice: 650/961-8918 or 650/969-1545
Fax: 650/961-8918
<lsiegel@cpeo.org>
http://www.cpeo.org

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