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Utica taxpayers will see a nearly 14% tax increase under the 2024-2025 budget. ... The mayor's proposed budget also called for using $3.2 million of the city's reserve funds to avoid a higher tax ...
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The mayor must decide which, if any, of 33 amendments to veto.
City taxes collected in 2014 were $25,972,930, with a tax rate per thousand of $25.24. ... and in 2012 the Utica City Council explored the possibility of a public ...
Utica Mayor Tim Julian began claiming a share of the revenues. [17] Griffo remained adamant in refusing to split the revenues. Griffo tried to disarm the situation by offering the city of Utica $800,000 in debt forgiveness, which Julian refused. [18] Griffo eventually won out and the county did not split the extra sales tax revenues with Utica.
Hanna had pledged to eliminate 200 city jobs and cut city spending: at the time, Utica had the fourth-highest taxes in New York and second-highest unemployment. As both his opponents were Italian Americans, vote-splitting in Utica's large Italian population played a role in his win. He was reelected in 1975 with a majority of the vote. [17] [18]
During President Trump's first term, he overhauled the tax code with his 2017 Tax Cuts and Jobs Act (TCJA). Many of those provisions are set to expire at the end of 2025. Read Next: 7 Tax Loopholes...
It remained vacant until 2018, when it was purchased by the non-profit group Uptown Theatre for Creative Arts (UTCA). Under the terms of the purchase agreement, M&T Bank forgave the $400,000 mortgage on the property and donated the building to UTCA, while UTCA took responsibility for $27,000 in back taxes owed to the city of Utica. [9]
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