AFTON – Following requests from town residents and officials, the Chenango County Industrial Development Agency will be holding a second public hearing tonight at the Village of Afton library on a proposed agreement that would give tax breaks to a lumber company.
Wagner Lumber Inc. has asked the IDA to grant it a payment in lieu of taxes (PILOT) agreement as an incentive to take over a struggling saw mill in Nineveh.
The deal would be worth an estimated $197,000 for Wagner over the next decade. They would pay no property tax in the first year of the ten-year agreement.
