David J. Valesky's posts related to Cities

Upstate Democratic Senators Call For Immediate Release of $120 Million for Upstate Economic Development, $40 Million for Upstate Agribusiness and $30 Million in City by City Funds

SYRACUSE, N.Y. – Senator David J. Valesky (D-Oneida) called on Governor Paterson to immediately release $120 million to spur development in upstate New York. A letter, co-authored by Senate Majority Leader Malcolm Smith and the Upstate Democratic Caucus, was sent to Governor Paterson urging the immediate release of the $120 million for Upstate New York.

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Historic Rehabilitation Tax Credit, Sponsored By Senator Valesky, Passes Finance Committee; Program will bring unprecedented redevelopment to distressed areas

ALBANY, N.Y.--The New York State Senate Finance Committee today passed the Historic Rehabilitation Tax Credit (HRTC) (S2960-A), sponsored by State Senator David J. Valesky (D-Oneida), sending this important economic stimulus and community revitalization legislation to the full Senate.

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Landmark Economic Development Legislation Sponsored By Senator Valesky Passes State Senate; Historic Rehabilitation Tax Credit is unprecedented redevelopment incentive for Upstate New York

SYRACUSE, N.Y.—The New York State Senate today passed landmark economic development legislation sponsored by Senator David J. Valesky (D-Oneida) which would stimulate the Upstate economy and revitalize its communities through rehabilitation of historic properties.

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Historic Rehabilitation Tax Credit is Critical Component of Upstate Revitalization

It is not hard to describe the economic trend for Upstate New York over the last few decades.  We have all watched as our main streets emptied out, our factories left town and our children moved away.   These losses only increased the strains on our communities, pushing property taxes up on the businesses and families who have stayed.  

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Senator Valesky talks about the Historic Rehabilitation Tax Credit

The New York State Senate passed landmark economic development legislation sponsored by Senator David J. Valesky which would stimulate the Upstate economy and revitalize its communities through rehabilitation of historic properties.

The bill, S2960, would provide tax credits for redevelopment of qualified residential and commercial properties with the intention of creating an economic stimulus in distressed communities.

New York's State Senate approves Historic Rehabilitation Tax Credit

Published in the Syracuse-Post Standard

Thursday, May 28, 2009

 By Greg MunnoA long-anticipated program that would help make it viable to restore historic buildings took a big step toward becoming reality on Wednesday.

The state Senate passed the Historic Rehabilitation Tax Credit, a bill that Upstate leaders have been pushing for years.

"This is a game changer," said Robert Simpson, president of the Metropolitan Development Association, which has advocated for the credit for five years.

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