Not everyone is enjoying the sweet fruits of the Tutunjian Renaissance.* While being treated to daily tales of Troy's economic boom, there remains an untold story. A story of businesses going under, of businesses struggling, of businesses unable to pay their state sales tax.
It's a side of Troy's economy that no one wants to talk about. Indeed, many may not know of the daily struggles that businesses face. While a boarded-up store front can't be hidden, other businesses face grave problems not readily visible.
Since the inability to pay state revenue doesn't directly impact local municipalities, the problem often goes unnoticed by local politicians. Politicians have their faults, but Mayor de' Medici cannot be expected to help fix a problem that hasn't been brought to his attention.
Case in point: Warrant ID# : E-025949477-W001-8. According to the New York State Department of Taxation and Finance, a business conducted out of 461 Broadway, Troy, NY owes over $10,000 in taxes. The warrant was docketed by the County Clerk on May 11, 2007 and filed with the Department of State on May 21, 2007.
Perhaps the Mayor can sit down with troubled businesses and lend them some of his business expertise. After all, according to his RPI Trustee Bio, he's got business experience to spare.
* "Renaissance" will be the theme of our upcoming Troy branding campaign