Tags: cuomo | tax | break | donor

Gov. Cuomo Signs $35 Million Tax Break to Big Donor Company

Image: Gov. Cuomo Signs $35 Million Tax Break to Big Donor Company

By Jim Meyers   |  

New York Gov. Andrew Cuomo received a $100,000 campaign contribution from a development company, then two days later signed a bill giving huge tax breaks to the same firm, the New York Daily News is reporting.

Two corporations tied to Extell Development each contributed $50,000 to Cuomo's campaign, which recorded the checks on Jan. 28, the day the state Assembly passed a housing bill that included tax breaks for five developers, including Extell.

Cuomo, who is up for re-election next year, signed the bill two days later.

"And less than three weeks after the bill became law, Extell President Gary Barnett donated $100,000 to a state Democratic Party account that Cuomo was tapping to finance ads pushing his agenda," the News reported.

Extell received tax breaks projected to total $35 million over 10 years for a luxury apartment tower in Midtown Manhattan.

Cuomo aide Melissa DeRosa told the Daily News it is "beyond reckless" to suggest the governor is influenced by donations.



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New York Gov. Andrew Cuomo received a $100,000 campaign contribution from a development company, then two days later signed a bill giving huge tax breaks to the same firm, the New York Daily News is reporting.
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