received tax breaks<\/a> from the Seneca County Industrial Development Agency (IDA) last week.<\/strong><\/p>\nIn a unanimous 5-0 vote, the IDA approved a Payment in Lieu of Taxes (PILOT) program that reduces Indus 414’s taxes by nearly $240,000 a year for 20 years. That’s a total savings of about $4.8 million.<\/p>\n
The financial breaks also includes exemptions from state and county sales taxes on equipment purchases, supplies, and materials during construction. That’s estimated to save the developer $1.245 million.<\/p>\n
The IDA also slashed its standard one percent fee, which would be $240,000, to $180,000.<\/p>\n","protected":false},"excerpt":{"rendered":"
The del Lago Resort and Casino in Upstate New York says it’s to credit for the local dip in the unemployment rate. The New York Department of Labor recently revealed that the statewide unemployment rate was 4.8 percent in October, but in Seneca County, home to the del Lago property, that number was just 3.9 […]<\/p>\n","protected":false},"author":42,"featured_media":65275,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,18],"tags":[],"acf":[],"yoast_head":"\n
Del Lago Casino Wants Credit for Local Unemployment Dip<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n