Public Subsidy Board is holding a hearing on Monday, May 20, 2024. There will be two sessions to hear testimony:
Topic 1 – Calculating Tax Savings, 9:00 AM – The Board will hear testimony to determine whether prospective, future tax savings on publicly subsidized projects should be included in total tax savings when calculating whether a project is covered by Labor Law § 224-a.
Topic 2 – Calculating Other Funds, 1:30 PM – The Board will hear testimony to determine how to consider and calculate federal funds administered by public entities as defined by Labor Law § 224-a.
