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Report: Paladino Failed To Deliver On State Tax Break

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GOP and tea party gubernatorial candidate Carl Paladino

GOP and tea party gubernatorial Carl Paladino met with the editorial board of CBS 2 on Sept. 20, 2010. (AP Photo/Don Heupel)

ALBANY, N.Y. (AP) – A report says Republican candidate for governor Carl Paladino received a $1.4 million tax break as the developer of Buffalo real estate, but failed to deliver on promised investments and jobs.

The New York Daily News says Paladino received millions of dollars in state tax breaks for upgrading distressed Buffalo buildings under the failed Empire Zone program. The newspaper reports he added only one job to a one-person operation and invested $300,000 less in the properties than the tax breaks were worth.

Paladino won a court decision in August that found the state illegally changed the rules of the program and improperly decertified Paladino’s company shortly after Paladino joined entered the campaign.

Paladino has called state government broken and corrupt.

(Copyright 2010 by The Associated Press.  All Rights Reserved.)

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