Rivers Casino drives tax break for Schenectady County
September 29, 2017 09:20 AM
SCHENECTADY - All the gambling at Rivers Casino seems to be paying off. Taxpayers in Schenectady County are going to feel the effects. Some local officials say that it is going to be the trend from here on out.
"We're really excited about the one percent reduction and we're also really excited about the fact that we're almost 3 percent under where the tax cap would be," says County legislator and Democrat Gary Hughes
The county portion of your property taxes are going down one percent. The average home in Schenectady is assessed at 165 thousand dollars. It all translates to about 13 dollars in savings.
"Everybody is happy with the tax decrease and Schenectady County residents should be happy there's a tax decrease," says County legislator and Republican Brian McGarry.
It's the money that's being spent around black jack and the slot machines at Rivers Casino that added up to two million dollars in tax revenue for the county, taking the taxes down to minus one.
The Republican minority in the legislature says it could have been better. Rivers Casino's revenue is actually lower than projections, so the county didn't receive as much tax revenue as it was expecting.
Brian McGarry says Schenectady spends a lot more in certain departments than other counties. He says that needs to change.
"It's a good start," McGarry says about the tax revenue and break. "It could be a lot better if we tweak some of the personnel costs in some of the different departments."
Gary Hughes calls the county to county comparison a case of apples and oranges.
"There are just different ways to do things and every county is a little different."
Rivers Casino is expected to bring in even more revenue in the future, and that could put more money into the coffers of municipalities, potentially helping to bring down taxes even more.
Updated: September 29, 2017 09:20 AM
Created: September 28, 2017 10:48 PM
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