Finance

DiNapoli Urges Caution As Budget Progresses
Finance

DiNapoli Urges Caution As Budget Progresses

March 11, 2013 By Stephanie West The amendments to the Executive Budget for state fiscal year (SFY) 2013-14 curtailed some risks contained in the originally proposed budget, but the impact from federal sequester cuts represent a risk to the Financial Plan according to a report released by Comptroller Thomas P. DiNapoli.

Assembly Expected To Pass $9 Minimum Wage
Finance

Assembly Expected To Pass $9 Minimum Wage

March 7, 2013 By Stephanie West Indexing Will Protect Low Wage Earners From Future Wage Erosion Speaker Sheldon Silver and members of the Assembly have announce plans to pass legislation (A.38a) to raise the minimum wage in New York to $9 an hour. The legislation includes indexing which will tie future increases to inflation.

Wall Street Bonuses Rose In 2012
Finance

Wall Street Bonuses Rose In 2012

March 6, 2013 By Stephanie West Cash bonuses paid to New York City securities industry employees are forecast to rise by 8 percent to $20 billion during this year's bonus season, according to an estimate released today by State Comptroller Thomas P. DiNapoli.

A Better Financial Aid Package
Finance

A Better Financial Aid Package

March 1, 2013 Jon E Schlueter, President Empire State Planning Group, Inc. If your child is accepted at a college, he or she will get a financial aid award letter that contains: (1) the college's cost of attendance (COA) (this figure is different for every college); (2) your expected family contribution (EFC), which is calculated…

NYS Common Retirement Fund Well Run
Finance

NYS Common Retirement Fund Well Run

February 28, 2013 Susan Smith, LP Albany Bureau Funston’s independent analysis confirms that the New York State Common Retirement Fund is a leader among public pension funds in this country and is setting a standard for transparency and ethics.

Credit Repair Can’t Be Restored Through Non-Profits
Finance

Credit Repair Can’t Be Restored Through Non-Profits

February 19, 2013 Chris Caggiano Unfortunately, not true. And this is why: The purpose of organizations like CCCS is to offer counseling services for consumers who are deeply in debt and seeking to avoid bankruptcy. Credit repair is not their function. Plus, many CCCS' are funded and controlled by – you guessed it – credit…

DiNapoli: Executive Budget Continues With Spending Restraints
Finance

DiNapoli: Executive Budget Continues With Spending Restraints

February 15, 2013 By Susan Smith, LaborPress Albany Bureau The 2013-14 Executive Budget continues the state’s effort to move toward long-term structural balance and reduces projected out-year budget gaps while addressing infrastructure needs, including the recovery from Hurricane Sandy, according to a report released today by State Comptroller Thomas P. DiNapoli.

Disarm The Austerity Bomb
Finance

Disarm The Austerity Bomb

February 7, 20013 By Robert Borosage, Co-director Campaign for America’s Future The economy shrank for the first time in 30 months. Why? Because of an unexpected drop in government spending. Yet the “sequester” – automatic across-the-board spending cuts – is scheduled to bring the hammer down on the economy on March 1. This is a…

LM-2 Filing: The Time to Prepare is Now!
Finance

LM-2 Filing: The Time to Prepare is Now!

February 5, 2013 By Salvatore J. Armao, CPA/PFS, CFP, CFE The LM-2 filing deadline is March 31, 2013 for Labor Organizations with a calendar year which ended on December 31, 2012. Now is the time you should accumulate all of the comprehensive information needed to file a timely and accurate form LM-2.

Finance

Long Island Awarded $60 Million for Economic Development

January 4, 2013 By Stephanie West Long Island was awarded $59.7 million for 86 projects in Nassau and Suffolk counties from New State. Some of the winning projects include: $2.15 million to expand the Brookhaven Rail Terminal in Yaphank to include construction of a 500,000 square foot refrigerated warehouse and a multi-modal rail freight facility…

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