Dec 23
2025
Subsidies, nonprofits reduce Buffalo taxes by $20M
The Delaware North building, recipient of major tax breaks. Photo by J. Dale Shoemaker. The City of Buffalo last fiscal year missed out on $20 million in revenue due to a variety of property tax exemptions and abatements, according to a recently released audit. That’s the biggest loss the city has recorded since it began tabulating the figure in 2017, city financial audits show. For a city facing a current-year deficit that could be as high as $54 million, the uncollected property tax is “obviously a concern,” said Benjamin Swanekamp, who will be Ryan’s deputy mayor overseeing tax and finance[...]
