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Louisiana teachers' union concerned about educators' future; Supreme Court hears arguments in Trump immunity case; court issues restraining order against fracking waste-storage facility; landmark NE agreement takes a proactive approach to CO2 pipeline risks.

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Speaker Johnson accuses demonstrating students of getting support from Hamas. TikTok says it'll challenge the ban. And the Supreme Court dives into the gray area between abortion and pregnancy healthcare, and into former President Trump's broad immunity claims.

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Developers "Clean up" with Cleanup Tax Credits?

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Monday, June 11, 2012   

NEW YORK - Although in the last 10 years New York has allowed $1 billion in tax credits for cleaning up brownfield industrial contamination sites, the state has missed the mark, environmentalists say. The credits have failed to help thousands of deserving neighborhoods, according to Allison Jenkins, fiscal policy program director, Environmental Advocates of New York (EANY).

Jenkins says her group just completed an in-depth analysis of a decade's worth of brownfield cleanup tax credits. These tax incentives are based on the value of the building constructed on the redeveloped lot, not on cleanup costs. According to Jenkins, although the state keeps spitting out tax credits as incentives for clean-up and revitalization, they are not allocated on an equal basis.

"New York State has spent $1 billion on tax credits for this program since 2006. Most of these projects are located in areas that do not have high unemployment, do not have high poverty - and they're not communities of color."

New York is not keeping pace with neighboring states in cleanups, period, Jenkins points out. A 2009 EPA study of brownfield cleanup programs found that Massachusetts had completed cleanups of more than 33,000 sites, while New Jersey and Pennsylvania had cleaned up thousands of sites.

In New York, on the other hand, only 114 sites have been cleaned up in a decade, and the $1 billion in tax incentives went to just 68 former industrial areas out of the tens of thousands of brownfield sites blighting the state. Many brownfield sites are in low-income neighborhoods and communities of color, Jenkins points out.

"What we don't want to see are these tax credits going to projects that would have happened anyway, such as malls, luxury condos, big-box stores and areas that don't really need the revitalization."

New York state officials defend their record by saying the tax credit program was not created solely to help poor communities. Jenkins urges Gov. Cuomo and state lawmakers to respond to the report with new legislation that does target state tax credits to the New York communities most in need of pollution clean-up and economic revitalization.

Brownfield cleanup tax credits are refundable, Jenkins explains, meaning that once taxes owed are deducted, the state cuts a check for the rest. Tax credits can be claimed up to five years for remediation and up to 10 years for costs related to redevelopment.

The full report is available at www.EANY.org.






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