MAJOR LEGISLATION: Yonkers Senator Shelley Mayer Plans To Drop A Bomb On Mayor Mike Spano, As She And Other Senators Call For A Local IDA Tax Break Reform Package

Members of Senator Shelley Mayer’s staff say the senator and other colleges will will introduce 11 bills that target at industrial development agencies

The Senators plan to introduce the package of bills that would rein in powers of local industrial development agencies, like the Yonkers IDA, that include changing how tax breaks are given out and structured.

The Bills would ban IDA Chairman Mayor Mike Spano from giving incentives to projects that are already under construction or in which the developer is not identified.

Senator Shelley Mayer’s co-sponsored legislation would also require school districts to be involved in payment-in-lieu-of-taxes agreements, and close a loophole that allows an IDA to lure a project from another local IDA.

Multiple Yonkers IDA projects would be subject to the limitations outlined in the legislative proposals.

Senator Shelley Mayer’s is also proposing that tax money be recouped, in what is called a claw back, if a Yonkers IDA project’s job creation numbers aren’t met.

The senator’s legislation also calls for a member from organized labor to serve on IDA boards.

And get this, Senator Shelley Mayer is also proposing that elected officials, like Mayor Mike Spano, not be allowed to serve on IDA boards.