The 2023 municipal budget anticipates almost $3 million in revenue from Payments In Lieu Of Taxes (PILOT), an increase of almost a half-million dollars.
Tag Archives: The Gramercy
PILOTs in the 2020 municipal budget
Payments In Lieu Of Taxes (PILOT) are anticipated to account for $1.385 million in the 2020 municipal budget.
A closer look at PILOTs
Recent downtown development projects have a mixed bag when it comes to reaching Payments In Lieu Of Taxes (PILOT) levels anticipated in their original financial agreements.
The Mint cuts the ribbon on 116 units
The Mint, a 116-unit rental building at 81 Monroe St., officially opened with a ribbon-cutting ceremony on Friday.
State of the City 2019
Mayor Raymond Giacobbe, Jr. delivered his first State of the City since winning a full, four-year term in November, announcing a new city administrator, a possible bike share with neighboring towns, and welcoming almost 400 new downtown residential units by the end of the year.
Redevelopment map update
The beginning of a new year seems like an appropriate time as any to look back over the previous year and while we’re at it, update the redevelopment map on the site.
Top posts of 2018
It’s a little late this year but here’s a look the most popular posts during 2018.
Financial agreement for Slokker project amended
The Redevelopment Agency earlier this month adopted a resolution that will allow the city to issue Redevelopment Area Bonds (RAB) to reimburse a developer for part of the cost of extending Monroe Street.
Continue reading Financial agreement for Slokker project amended