Woodbury State Sen. James Skoufis details how harmful IDAs could be to local communities. He explains that one of the senate bills is aimed at preventing industrial development agencies from using state funds to incentivize businesses to move within New York state. He discusses how exceptions are noted for complex projects with phased development. Skoufis also talks about how the bill includes provisions for a state monitor with veto power over anti-taxpayer decisions in Orange County, and a requirement for IDAs to claw back tax breaks if job creation promises are unmet. He highlights that the bill would not allow companies to leave the state, and suggests a non-aggression pact with neighboring states to prevent interstate competition. Skoufis says the bill is a priority for the upcoming legislative session, with increased awareness and educational efforts underway.
You can watch the full interview above. And be sure to tune in for a look inside the biggest issues impacting upstate New York, on In Focus with JoDee Kenney — every Sunday on Spectrum News 1.