A $24 million annual surcharge will be added to New Yorkers’ electric
bills starting in October, as a result of a renewable-portfolio
mandate imposed by the state’s Public Service Commission
(PSC).
The order by the PSC came as an interstate group of regulatory
officials moved forward with a plan under which New York would
join other Northeastern states in mandating reduced power-plant
emissions, which could raise energy costs still further
New York responded to recent budget crises very differently than other big states, raising taxes more and doing less to restrain Medicaid costs, a study by a national think tank has found.
As a result of the recession that started in 2001, states across the country suffered "some of the largest budget shortfalls since World War II," says the study by the Kaiser Commission on Medicaid and the Uninsured
Eliot Spitzer, state attorney general and candidate for the Democratic
nomination for governor in 2006, will give a keynote address at
The Business Council’s Annual Meeting, which is set for September
21-23 at The Sagamore in Bolton Landing on Lake George
A proposed state Constitutional amendment on this November's statewide
ballot could disrupt state finances ”and force a return to
costly borrowing practices that were eliminated through fiscal reforms
in the early 1990s, the state Division of the Budget says in its
latest fiscal update
The highway bill passed by federal lawmakers on July 29 includes
a ban on vicarious liability of car leasing firms, a ban The Business
Council had urged New York’s lawmakers to make.
“This is a win for the car leasing industry, New York businesses
and New York consumers,” said Business Council President Daniel
B
ALBANY— It is in New York’s best interest to promote strong,
reputable companies that provide jobs, support the local community and
contribute significantly to our economy, said Business Council President
Daniel B. Walsh in support of the merger proposals of Verizon and AT&T
It is in New York’s best interest to promote strong, reputable
companies that provide jobs, support the local community and contribute
significantly to our economy, said Business Council President Daniel
B. Walsh in support of the merger proposals of Verizon and AT&T
Two-thirds of New York CEOs the Rochester Business Journal
identifies as the top fifty in Rochester identify “excessive
state taxes and regulations,” as the biggest obstacle to growth.
This is the second year the Business Journal asked CEOs
from the Rochester area what they think the “most significant
obstacle to growth of the local economy” is, the paper said
Comptroller Alan Hevesi has announced that he will block the state
from a borrowing plan that his office calls a "fiscal gimmick"
and "a $1.77 billion secret tax hike on businesses and taxpayers."
The proposed borrowing, which would have been run through the Thruway
Authority, is one piece of an overall $17
The state Insurance Department has approved a 5 percent increase
in the average workers’ compensation premium for the 12-month
period beginning October 1.
The state’s Compensation Insurance Rating Board (CIRB) had
requested an increase of 16.1 percent in average premiums