Kaminsky calls for IDA reform

JAMES T. MADORE FROM NEWSDAY

February 11, 2018

Originally published in Newsday: Critics seek to rein in Industrial Development Agencies on February 11, 2018.

The yearly cost of tax breaks given to Long Island companies by Industrial Development Agencies has tripled since 2004, to more than $140 million, fueling calls for reform.

The Island’s eight IDAs are under fire for competing to help the same companies, which increases the amount of their tax benefits, and for not being selective enough.

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