South Westerlo
South Westerlo, NY · LATEST NEWS
New York Post
Expect Albany’s leaders to throw away its $8B Wall Street revenue windfall
Albany just got a windfall of $8 billion — get ready to watch the state’s leaders throw it away. Wall Street bonuses are soaring for a third straight year, not only producing an $8 billion surplus this year, but also slashing the coming year’s deficit by $6.4 billion to $2.9 billion, a gap the current overage can obviously cover. As state Budget Director Blake Washington noted Tuesday, “It’s hard to talk about new taxes when revenues are performing the way they are,” indicating that Gov. Kathy Hochul won’t be proposing tax hikes, but only “presenting a new favorable financial plan.” This explains Hochul ‘s comment to reporters at the Somos junket in Puerto Rico, namely that she’s open to new taxes “if there’s a need.” Where California Propositions stand as votes are tallied: Prop 40 wealth tax, home loan funds and more Of course, that doesn’t rule out a political need. She’s facing intense pressure from Mayor Zohran Mamdani to hike taxes, because for the socialists, the huge amount of taxes the rich already pay is never enough: They must be punished until they flee New York, taking this massive windfall with them. California voters overwhelmingly reject union-backed Prop. 44
WRGB
City of Albany taking out $10 million loan to pay City workers as cash flow dries up
What is the Revenue Anticipation Note (RAN) issued by Albany?. Albany — In the midst of a budget crisis, the City of Albany is taking out a $10 million "Revenue Anticipation Note" to avoid missed paychecks for City employees. Darius Shahinfar, Treasurer of the City of Albany, tells CBS6...
wamc.org
Albany Common Council mulls rule changes after city issues $10 million loan
The Albany Common Council is considering changes that would require the city treasurer to notify them — or seek council approval — before issuing short-term loans. The move comes after the City Treasurer's Office announced it would issue $10 million in short-term loans to cover expenses through the end of the year as the city faces a shortage of cash. The treasurer's notice to potential investors surprised some members of the Common Council, who say they weren't properly consulted.
hoodline.com
Rensselaer Residents Get Say on $10M Grant, 26 Projects on Table
Rensselaer is asking residents to help decide how to spend a $10 million state grant aimed at remaking its downtown, with a public workshop set for Thursday where locals will fill out worksheets identifying which of 26 proposed projects they want funded. The list includes everything from transportation upgrades and new restaurants to apartments and a hotel, and city officials say the input gathered that night will directly shape which ideas survive the coming months of narrowing and which get dropped.
NEWS10 ABC
suncommunitynews.com
Cashman attends Small Business Hearing in Albany
ALBANY | Assemblyman Michael S. Cashman (D-Plattsburgh) attended a legislative hearing in Albany Tuesday morning on the impact and effectiveness of economic development programs that were funded in this year’s state budget. “Throughout the duration of my recent municipal tour, I have been able to sit down and speak...
thecatalbany.com
Saluting Our Heroes: Veterans Day Offers Around the Capital Region
Check out all the special deals happening in the area to honor our Veterans!. Today, we honor and thank the brave men and women who have served our country. Here in the Capital Region, there are some great local deals, freebies, and special offers for veterans to enjoy in honor of their service.
WRGB
Indian Ladder Farms marks a century-plus with orchards, events and a modern twist
(WRGB) — More than a century after it first put down roots, and now a decade years since beginning the brewery, Indian Ladder Farms is still serving up a classic upstate experience, with a modern twist that goes well beyond the orchard. Indian Ladder Farms is a centennial farm...
mykxlg.com
Downtown Troy’s Next Chapter: Historic Apartment Living Meets New Waterfront Investment
Revitalization is opening up a new chapter of apartment living in Troy. For Burns Management, this new chapter has involved updating old and historic locations, like The Dauchy Building and River Triangle Apartments, to bring modern amenities to the city’s distinctive buildings. The Hendrick Hudson is the most recently updated of these historic locations, receiving new life through residential conversion.