 Legislature Hears Empire Zone Update
The coordinator of the County's Empire Zone Program told legislators the Tompkins County Empire Zone, designated by New York State in 2006, has exceeded expectations during its first full year of operation. The Empire Zone program provides up to ten years of state tax incentives to qualifying businesses which locate or expand within designated Zone areas. A business must meet minimum job creation and investment thresholds, then apply for Zone Certification, with Empire Zone benefits accruing in the form of income tax incentives after the jobs are created and investments made. Businesses apply for Zone Certification based on their projected growth over the next five years, but don't receive any benefits until they've actually created jobs or made capital investments.
From two businesses certified at the end of 2006, employing an average of 131 people with overall annual capital investments of $2.8 million and earning $98,000 in Empire Zone tax credits, Filiberto reported 34 more business certified in 2007, with those businesses projecting 762 new jobs and $91 million in capital investments over the next five years. She predicted dramatic increases in the number of jobs, capital investments and tax incentives earned for the 2007 tax year, arising from last year's significant participation growth.
Filiberto told legislators that New York State increased the Zone's
administrative funding from $15,000 to $30,500, after issuing a very
high rating to the local operation in its first annual performance
review.
TC3 President Presents Annual "State of the College" Report
Tompkins
Cortland Community College President Karl Haynes presented the
Legislature his annual president's report, assessing the state of the
college as 2008 begins.
Mr. Haynes said this is an exciting
time, for the college with what he called the "transformation" of the
campus, with the first phase of the college's master plan nearly
complete. The institution, he said, is currently preparing for its
ten-year Middle States re-accreditation next month, and is engaged in a
"very broad institutional conversation regarding where we are and where
we are going." He said the focus is on six primary areas: residential
campus development; improvement of the freshman year student
experience; improving academic advising services; restructuring the
college's administrative structure; examining student transportation
issues; and continuing to develop meaningful institutional assessment
processes. Mr. Haynes thanked the Legislature for its support of the
college.
Legislature Establishes 2008 Succession
The
Legislature, by a vote of 14-1 (Legislator Tyke Randall voted no),
approved an order of succession of County Legislators, to serve in the
absence of the Chair and Vice Chair, if those leaders are unavailable.
This year's order of succession begins with Chair of the Planning,
Development and Environmental Quality Committee, followed by the Chair
of Health and Human Services, then the Chair of Public Safety. The
plan, recommended by the Government Operations Committee, takes into
consideration availability and legislative experience. Randall
advocated the succession designated by individuals, not positions, and
ordered on the basis of seniority.
Processing Change Approved for Small Tax Refunds and Credits
By
unanimous vote, the Legislature authorized a change in the way tax
refunds or credits of $2,500 or less are processed. The action
authorizes the County Administrator to allow payment of such bills, as
recommended by the Department of Assessment, without prior audit by the
tax-levying body. Any refund or credit over $2,500 must still be
approved by the Legislature.
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