Yesterday, on WVOX Radio, you asserted as fact that downtown development in New Rochelle has produced a $2 million surplus in school revenue when compared to the costs associated with the children's education from these developments. When I called into WVOX radio to challenge this assertion you cut me off. Is this your idea of public service? You make unsubstantiated claims and then suppress those among the public who dare question your claims?
As you chose to cut me off yesterday, refusing to respect honest disagreement, I call on you today to release the study or analysis which supports your claim of a $2 million surplus.
Such a study would list individual projects -- by full legal name & address -- whether each project was a private deal or a partnership with the City of New Rochelle and what size and type of tax abatements they received (IDA, PILOT, mortgage recording, sales tax on building materials, purchase of land from the IDA for $1 etc.). Most importantly, the study would show what the taxes would be for each project at 100% valuation.
On the revenue side, the study would include a detailed breakdown of precisely what revenue you are attributing to these projects -- property tax, sales tax and so on.