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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

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 grantors and credit bureaus!

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

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 ticking austerity bomb. We must disarm it.

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.

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 to transport products on and off Long Island

Government Jobs Serve the American People Do Republicans have a Better Blueprint?

January 4, 2013
Special to LaborPress

Washington DC - The Republicans say that the federal and state governments spend too much of taxpayers’ money on programs that are costly and wasteful. A smaller government could increase people’s income and help to reduce the national deficit.

Job Openings Available On Job Express

December 13, 2012
Around Town By Neal Tepel

Jobs Express, a website designed to help New Yorkers who are seeking employment, currently has more than 74,000 job openings available.

Deal to Preserve Co-Op City

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.

AFSCME, SEIU, NEA Launch Ad Campaign to Protect Social Services

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.

Bloomy Optimistic about Disaster Dollars; Chuck Expects Hard Fight

November 30, 2012
Marc Bussanich

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.

John Massaro, Named President of Long Island Business Association

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.

Pressure Mounts on Representatives Ahead of Fiscal Cliff

November 19, 2012
Marc Bussanich

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.

Public Private Partnerships Essential

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.

Schenectady's Fiscal Condition Weak

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.

Treasurer Stole at Woodstock Fire Company

Treasurer Stole at Woodstock Fire Company

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