December 4, 2012
Around Town By Neal Tepel
State’s Largest Mitchell-Lama Development, Home to 55,000 Residents, Will Remain Affordable for 35 More Years Governor Andrew M. Cuomo, Mayor Michael R. Bloomberg have announced the closing of a $621.5 million loan to the Co-op City development in the Bronx.
November 30, 2012
Diane Cohen, LaborPress Washington Bureau
The American Federation of State, County and Municipal Employees (AFSCME), the Service Employees International Union (SEIU) and the National Education Association (NEA) today launched an opening set of television ads in Colorado, Virginia, Missouri, and radio ads in Pennsylvania, Alaska and Missouri. The ads are urging Senators and Representatives to protect Social Security, Medicare, Medicaid and education.
November 30, 2012
Mayor Michael Bloomberg travelled to Washington D.C. on Wednesday, November 28 to meet with House and Senate leaders to argue the city’s case for urgent federal dollars to rebuild. But the city’s request comes at a time when the Congress and President are at loggerheads over reducing the country’s deficit. Bloomberg was upbeat that Congress will act, but Sen. Charles Schumer was cautious, saying it will be a long road to secure the large sums of money.
November 21, 2012
By Stephanie West
John A. Massaro, CPA, an Audit Manager at Garden City-based Armao, Costa & Ricciardi, CPAs, P.C., has been named president of the Chaminade Long Island Businessmen’s Association. He was inducted for a two-year term at the organization’s quarterly meeting held at Chaminade High School in Mineola on October 25, 2012.
November 19, 2012
After the Thanksgiving recess Congressional representatives and President Obama will be meeting to try to reach an agreement to reduce the national deficit and prevent the country from driving over the fiscal cliff of expiring tax and activation of spending cuts. The President and Congressional leaders met after a photo-op at the White House on Friday and early indications are that the outlines of an agreement might include a combination of tax increases on the wealthy and slashing domestic spending.
November 20, 2012
By Michael Likosky
Public-private-partnerships are already taking center stage as the way we will stand on our own two feet. Partnerships are the cornerstone of the bipartisan consensus emerging to address the fiscal cliff. They are a way of growing the pie of available capital by putting private capital to work rebuilding our country. Partnerships are how we will reconstruct the Northeast after Sandy.
November 15, 2012
Bob Smith, Laborpress Albany Bureau
The City of Schenectady faces an unstable financial future, similar to other cities experiencing fiscal stress, Schenectady has struggled to balance its budget, has limited resources to finance future needs and minimal cash available to pay current liabilities. However, recent tax base growth and commercial expansion in the city’s downtown corridor have begun to offset some of these financial issues.