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Sep 10, 2018

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Casino tax impact differs for Schenectady, Glenville

A view of Rivers Casino and Resort on Wednesday, March 28, 2018, in Schenectady, N.Y.   (Paul Buckowski/Times Union) Photo: PAUL BUCKOWSKI / (Paul Buckowski/Times Union) While he also declined to talk specifics, he said that the casino revenue was on pace in 2018 to surpass what they made last year. Ferrari said at this point he has had meetings with supervisors in an effort to see where their department budgets can be trimmed. While acknowledging the city at one faced a deficit, Polimeni disputed that it was $10 million. In Glenville, Supervisor Chris Koetzle said Wednesday that he is committed to keeping any tax increase to within the state tax cap, which in Glenville's case is about 3 percent. For a homeowner with a residence assessed at about $180,000, that translates into a increase of $15 in the municipal portion of the tax bill. He attributed the small hike to the hiring of two new police officers and expected union-negotiated payouts totaling between $50,000 and $75,000 from expected retirements at Town Hall. Koetzle said the town isn't getting its fair share of sales tax revenue from Schenectady County and doesn't receive any monies from the casino. He said the two new cops are needed to deal with the increase in traffic-related issues and drunken driving offenses stemming from the gambling facility. "You can't absorb new employees, pay the cash outs, and then absorb the increase in health insurance without their being some levy increase," he added. The tax levy is amount to be raised by taxes.

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