|From:||Lenny Siegel <firstname.lastname@example.org>|
|Date:||Wed, 22 Jan 2014 19:12:12 -0800 (PST)|
|Subject:||[CPEO-BIF] "Cuomo's [New York State] budget calls for revamped brownfield credits"|
Cuomo's budget calls for revamped brownfield credits Jon Campbell Rochester Democrat and Chronicle January 21, 2014Gov. 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, seehttp://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 <email@example.com> http://www.cpeo.org _______________________________________________ Brownfields mailing list Brownfields@lists.cpeo.org http://lists.cpeo.org/listinfo.cgi/brownfields-cpeo.org
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