Report: Paladino Failed To Deliver On State Tax Break

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.)

Comments

One Comment

  1. Nick says:

    So he took tax breaks. Big deal. The corrupt pols in Albany hands it out because they do stupid things like this to waste my tax dollars. And now Paladino is a bad guy for taking something that would have been handed out anyway? What, he’s supposed to be stupid and not make money?

    How about a piece on Cuomo’s actions. It would be “germane” to report both sides of the candidacy wouldn’t it?

    Cuomo was in charge of HUD when HUD mandated that FNMA and FHLMC develop “unique” products to help folks who can’t pay back to buy a home. FNMA and FHLMC complied and the banks were forced to comply with HUD rules and make loans to people who can’t pay. Getting us into the economic mess we’re in right now. Do you really think banks, or anyone else, would lend to deadbeats if they weren’t forced to?

    And you pols still don’t get it. It’s not about if Paladino has the pedigree to be a governor. It’s about voting in someone who’ll rock the boat and cause some interesting times to the rats in office. Look at Giulliani, he’s one of the biggest rats out there. But he shook up the pols in NYC. Here’s hoping the rat Paladino shakes it up even more.

    Note: I sincerely hope that I have made some spelling and grammatical mistakes. Otherwise, how would hairyette of queens get to respond?

  2. Proud Agnostic says:

    Where are the News stories about trust fund brat Cuomo giving McCall a pass on stealing from the pension funds.Left wing journalisim.Busness as usual!

  3. STEVE MCQUIEIN says:

    I’M FROM BUFFALO NY AND MAD AS HELL CARL HASN’T DONE A THING FOR FOLKS HERE IN BUFFALO. HE’S A MAJOR CRITIC OF THE GOV’T, BUT WITHOUT THEIR PROPERTY AND TAX BREAKS HE WOULDN’T BE RICH, HE’S WANT TO CUT SPENDING AND WELFARE BUT I’M AGAINST CORPORATE WELFARE, ESPECIALLY WHEN ALL IT DOES IS LINE THE POCKETS OF A FEW FAT CATS WE HAVE ENOUGH OF THAT IN THIS COUNTRY.

  4. Sad, but ever true. says:

    Making promises that can never be delivered is politics 101. This isn’t news.

    1. harriet in queens says:

      making promises that are not kept is one thing, lying on grants, and appliciations to receive $ from the government is stealing

  5. CAM says:

    Andrew Cuomo.. Deserver Anythign EXCEPT Governor…

    GO CARL GO !!!

    MAY ALL LEFT MEDIA GO TO HELL !

    1. harriet in queens says:

      them there is some strong words, and misspelled too. Hey just because you don’t agree with a story doesn’t mean it’s baised, it could just be, as here, it’s the truth.

      1. hairyet in queens says:

        No initial caps on the first word of the sentence? You also misspell “bias”. Grammatically, there is no such tense as misspelled. Nit pick. Nit pick. But hey, it’s “germane” to your IQ/response. nit nit nit.

        Thank you for proving the point on Cuomo supporters.

  6. ED says:

    Just another soft mafia gngsr that hides his illisite gains thru a construction outfit Has been and always will be.

  7. Gregory says:

    Paladino is a thief. He knows it, I know it, and now you know it. It all just depends on wether you care or not.

  8. george addison says:

    paladino has no place in mainstream america or politics..his divasive racial comments are exactly what this country doesnt need..and god help this great state if he was our governor..

  9. Sean says:

    He was cleared of all wrong doing by a court back in August and this a story why? Pathetic piece of journalism…but typical of the lamestream media.

    1. harriet in queens says:

      “cleared of all wrong doing” is not what the court found, they found the state changed the rules, not that he isn’t the thief that he is. nice try but no cigar.

  10. JGNY says:

    Where are the negative attack pieces on Cuomo? I don’t see any. Or, is this news bureau only attacking Paladino out of fear that he could win. ?

    1. harriet in queens says:

      your “attacking” is what reasonable people call reporting, whatever Cuomo may or may not have done, it’s not germane to this story.

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