taxes - The Buffalo News

Share this article

print logo
Business

Small to mid-sized business owners generally feel good about where the economy is headed, but are still reluctant to invest more in their operations, according to an M&T Bank survey. Fifty percent of the respondents to the survey said they expected the economy to improve in the next six months, and 55 percent expected the recent tax overhaul to have a positive i…

Business

Western New York's largest business group once again plans to focus its lobbying efforts on core issues familiar to its members: the high cost of doing business in the state, the need for more trained workers and the importance of encouraging investment in the region. The Buffalo Niagara Partnership Wednesday released its advocacy agenda for 2018, highlighting the chall…

Erie County

City of Tonawanda Mayor Rick Davis' $22.3 million budget proposal went into effect Tuesday -- after the Common Council failed to adopt an alternative budget. Davis' 2018 budget calls for an increase in property taxes of 4.99 percent, which would raise taxes nearly $90 per year for an average home. The Council held a public hearing on the budget Nov. 8, but had publis…

Erie County

Calling the state tax cap "totally unrealistic," Mayor Rick Davis unveiled a 2018 budget Tuesday that would raise property taxes in the City of Tonawanda by 4.99 percent. That would be more than two and a half times the state tax cap. The tentative budget of $22.32 million proposes a tax rate of $18.63 per $1,000 of assessed valuation, up from the current rate of $17…

The City of Tonawanda Common Council did not pass a local law on Tuesday that would have allowed the city to override the state's 2 percent cap on a tax levy increase. "For a city like ours, to stay under the 2 percent tax cap requires some drastic cuts in services," said Treasurer Joseph Hogenkamp. "This budget is all salaries and benefits." The city has had to over…