MEDIA ADVISORY: PUBLIC SUBSIDY BOARD PUBLIC HEARING

WHEN: Monday, May 20, 2024

TIME: 9:00 A.M. – 5:00 P.M.

WHERE: Clark Auditorium, New York State Museum, 222 Madison Ave., Albany, NY 12230

On Monday, May 20, the Public Subsidy Board will host a public hearing on calculating tax savings and other funds. The Public Subsidy Board’s priority is to carry out its duties under Labor Law Section 224-c and ensure that covered projects understand and meet the requirements of Labor Law Section 224-a.

The hearing will have two sessions:

Session 1

9:00 A.M. to 12:30 P.M.

Topic: Calculating Tax Savings. 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.

Session 2

1:30 P.M. to 5:00 P.M.

Topic: Calculating Other Funds, 1:30 P.M. – 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.

The meeting agenda is available here: https://dol.ny.gov/bureau-public-work

To testify either in person or virtually, submit the intake form by 5:00 P.M. May 15. Be sure to indicate which session you would like to attend and if it’s in person or virtually. In person testimony will go before virtual. Testimony is timed and is limited to 3-minutes per person. Once we have received all requests to testify, we will email you the approximate time of your testimony. Translators are available for Spanish speakers and ASL communicators.

You can also submit written testimony by 11:59 P.M., May 18 here: [email protected]

The meeting is open to the public in person or via Zoom.

To join via Zoom: https://zoom.us/j/91492178350  Meeting ID: 914 9217 8350