State budget expands STAR bond incentive to include malls

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Buried deep inside the state's $25.6 billion budget, there's a measure that expands one of the state’s most powerful tax incentives to help save dying malls.

What originally started out as a bill that died in the House became a proviso added to the state budget authorizing sales tax revenue – or STAR – bonds to be used for redevelopment of declining malls under certain circumstances.

The expansion of STAR bonds stemmed from efforts to . . .

SSJ

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