NYRA - The Bailout Check is in the mail

Originally Posted by kgar311

I think beacuse you could generate the 19mil you need without going to the taxpayers. And stay out of the red.

Again, where do you think the $19mm came from? The money came from taxes. Wether is be taxes from payroll, sales, real estate etc etc it came from some sort of tax.

Another thing I dont understand is why the NYRA is paying property tax. Most companies are exempt from property tax. I know Eli Lilly in Indy doesnt pay property tax but they have to employ a certain amount of people that live in a low income district.