ALBANYHeavy
property taxes on railroads in New York, with costs up to 26 times those in
neighboring states, have helped drain high-paying railroad jobs from the state
and impose higher transportation costs on manufacturers and other shippers,
a new study by The Public Policy Institute says
ALBANY, N.Y.—New
York State still faces an acute need for more electric generating capacity,
even if the recession temporarily affects demand, new analysis from The
Public Policy Institute shows.
An updated
white paper on energy by The Institute shows that New York must still
add at least a dozen new power plants with at least 9,200 megawatts of
additional electricity-generating capacity within the next five years
to avoid the risk of serious economic damage
The
Senate Majority will seek to create a $520 million biotechnology
program and to locate tax-free Empire Zones in every county
of the state as its priorities in this year's budget negotiations.
Those
are among the initiatives outlined in the Senate Finance Committee's
Staff Analysis of the SFY 2002-03 Executive Budget,
released this week by Senate Majority Leader Joseph L
ALBANYTwenty-five
New York State schools have been named 2002 recipients of The Business Council's
Pathfinder Award, which honors schools that show the most improvement from
one year to the next as measured by their students' scores on standardized
tests.
Each honored
school receives its award at a local ceremony
Governor Pataki proposed a 2002-03 budget that would hold
state-funded spending to an increase of 1.6 percent, while
going forward with $300 million in already enacted tax cuts.
Overall spending, including a projected $3.1 billion in new
federal aid, would rise 4
Governor Pataki's
budget will do much to turn crisis into comeback.
This budget works
for two reasons. First,
despite our short-term setbacks, revenues are significantly higher than they
were just a few years ago because of the economic growth Governor Pataki and
the Legislature have helped create by reducing taxes and cutting the cost
of doing business
This is a spectacular new investment in the Capital District-and, even
more important, a welcome vote of confidence in the economic future of
upstate New York.
So much of General
Electric's past glory traces to the research begun here under Charles Steinmetz.
The future of this great company will also be made in the Capital Region
GE
today announced plans to invest more than $100 million in
a multi-year project to modernize its research and development
headquarters in Niskayuna, Schenectady County.
The
newly renamed GE Global Research Center will be a state-of-the-art
research lab and hub for new technology innovations at GE,
GE said in a release
The
Chamber Alliance of New York State (CANYS) has honored two
state legislators and a key executive in the Pataki administration
for their work in 2001 on insurance-related issues.
State
Senator James Seward (R-Otsego County) and Assemblyman Joseph
Morelle (D-Monroe) were named "Legislators of the Year" by
CANYS, an association of New York's local and regional chambers
of commerce that is affiliated with The Business Council of
New York State
State
lawmakers have approved hundreds of millions of dollars in
new health-care spending intended largely to fund raises for
health-care workers. The Business Council opposed the plan.
However,
one provision of the original plan to which The Business Council
specifically objected, a reduction in state reimbursements
to pharmacies for Medicaid prescriptions, was drastically
revised in the final bill