Syracuse is set to change how it hands businesses tax breaks for the first time since 2016

Syracuse is set to change how it hands businesses tax breaks for the first time since 2016

City officials have proposed amending how Syracuse gives tax breaks to companies who want to do business inside the city.  Broadly, the changes involve: Reducing the size of the most lucrative tax breaks in the short-term Lengthening the tax breaks for companies Creating incentives for companies who want to bring business to particular neighborhoods and places If Syracuse’s Industrial Development Agency approves the changes — they are set to vo…