Quoted Text

SCHENECTADY
City considers tax break for Cold War vets
BY KATHLEEN MOORE Gazette Reporter

    Thirty city residents could get a tax break next year.
    The City Council is considering adding a tax break for Cold War veterans at Tuesday’s meeting.
    It would reduce their property assessment by 10 percent for tax calculation purposes, meaning that a house assessed at $100,000 would be reduced to $90,000 for tax purposes. At next year’s proposed tax rate of $13.34 per $1,000 of assessed property, the veteran with a $100,000 house would save $133.
    Combat veterans have long been given a tax break, and Cold War veterans have lobbied for their break for many years. The state
    allowed
the option of adding the break in 2008, but Schenectady never opted to do it. The county and all of the surrounding suburbs did add the break, leaving just 30 local veterans without it.
    On Tuesday, they may get to sign up.
    Acting Mayor Gary McCarthy told the City Council that the city would lose just $3,000 in taxes by offering a 10 percent assessment reduction to the veterans.
    The council could also choose to offer a 15 percent tax break. Veterans who have a service-related disability rating from the Veterans’ ..........................>>>>...................>>>>.................http://www.dailygazette.net/De.....r01402&AppName=1

Here's 30 more votes McCarthy bought.

Quoted from rachel72

Here's 30 more votes McCarthy bought.

OMG...you beat me to it!

Just another 'tax increase' for everyone else!

Quoted from rachel72

Here's 30 more votes McCarthy bought.

CHA-CHING!

Veterans of most of this period already get vet exmptions, whether combat or non combat, that is, those who served in 1950 toi 55, and then again, 1961 to 1975, and starting again in mid 1990.

Quoted from mikechristine1

Veterans of most of this period already get vet exmptions, whether combat or non combat, that is, those who served in 1950 toi 55, and then again, 1961 to 1975, and starting again in mid 1990.

that is a fact!!