Officials in Westchester and Putnam say they are on pace to bring in higher-than-expected sales tax revenues this year, according to a story in The Journal News and on LoHud.com by Barbara Livingston Nackman. Putnam took in $38.3 million in sales taxes in the third quarter, higher than the $36.8… Read More →
The preliminary apportionment of Westchester County Executive Rob Astorino’s no-tax levy increase budget will bring tax-rate increase in 11 municipalities, and reductions in 14 others, according to the Westchester County Tax Commission. The biggest tax-rate increase comes in Rye, where county taxes will rise 7.5 percent. County taxes will drop… Read More →
Gov. Andrew Cuomo recently vetoed legislation that would have increased the maximum award available under the historic preservation tax credit from 20 percent of $5 million to 20 percent of $12 million. Sponsors of the legislation, which passed the Assembly and Senate in June, said developers across the state have successfully… Read More →
The Yonkers ebay store, launched in the spring, has netted the city $200,000 so far this year, according to Mayor Mike Spano. People can buy fire hydrants, laptops, cameras, traffic signal heads, surplus vehicles and other surplus goods on www.YonkersCARStore.com. Some of the big-ticket items that sold this year include… Read More →
Following the release of a state audit this week that criticized oversight of the more than preschool special-education contractors in New York, the state Association of Counties renewed its call for changes to the current system. New York is the only state in the country that requires counties to fund a share… Read More →
A former landscape contractor for the New York Power Authority was arrested this week for allegedly forging more than $200,000 in checks, according to Acting New York State Inspector General Catherine Leahy Scott and Nassau County District Attorney Kathleen Rice. Three of the counterfeit checks, which totaled more than $122,000,... Read More →
The Mid-Hudson RegionalEconomic Development Council was awarded $92.8 million dollars in grants this week for 84 projects around the region, including $1 million for restoration of the Glenwood Power Plant; $1 million for an iBio Incubator at New York Medical College in Valhalla; $775,000 to create a Hudson Valley Food Hub in Ulster County; and… Read More →
New York is facing a funding shortfall of up to $89 billion to maintain its water, sewer and transportation infrastructure over the next two decades, according to a report issued today by state Comptroller Thomas DiNapoli. The cost of construction and energy projects has increased much faster than the rate of… Read More →
As the fiscal cliff negotiations stall in Washington, DC, legislators and national leaders have taken differing positions on which Bush-era tax cuts should be extended on Jan. 1. President Obama campaigned to preserve the tax cuts for those earning less than $250,000 while US Rep. Nita Lowey, D-Harrison, and US… Read More →
Most Metro-North Railroad ticket prices will increase about 9 percent next year as part of a package of fare and toll hikes approved yesterday by the Metropolitan Transportation Authority, The Journal News/Lohud.com reports today. The rate hikes have been planned since 2009 and take effect in March 2013. The next… Read More →
