taxes

Mayor Miner wants Hotel Syracuse redeveloped - one way or another

Ellen Abbott — Fri, 17 May 2013 20:18:16 +0000

Syracuse Mayor Stephanie Miner says the city isn't giving up on the latest proposal to renovate the Hotel Syracuse. A plan for the city to take over the tax delinquent property stalled last week when, Financitech, which holds the mortgage on the hotel, paid back taxes at the last minute.

New York state legislature passes budget

Karen Dewitt — Fri, 29 Mar 2013 12:58:18 +0000

The state legislature is finished voting on a $141.3 billion state budget, with the Assembly completing it's work shortly before midnight on Thursday. The final passage occurred one week past lawmakers’ s self-imposed deadline, but three days before the spending plan was actually due to be finished.

DiNapoli says Syracuse's finances suffer from "systemic problems"

Ryan Delaney — Thu, 21 Feb 2013 14:02:18 +0000

New York State's financial overseer is warning Syracuse's finances face "systemic problems."

Cuomo proposes third lean budget

Karen Dewitt — Wed, 23 Jan 2013 12:31:17 +0000

Governor Andrew Cuomo unveiled a $142 billion state budget, that includes federal aid for post Superstorm Sandy recovery, and closes a $1.3 billion dollar budget gap.

Cuomo proposes budget with "no new taxes"

Catherine Loper — Tue, 22 Jan 2013 21:41:09 +0000

Gov. Andrew Cuomo proposed a $137 billion state budget Tuesday afternoon. In a speech in Albany before state legislators, he presented his plan to increase spending by about two percent.

Tax season may bring changes and surprises next year

Ellen Abbott — Thu, 27 Dec 2012 16:06:25 +0000

There could be some surprises for taxpayers in 2013. Many of them may find themselves with a bigger tax bill next year.

Gillibrand says she's optimistic fiscal cliff can be avoided

Ellen Abbott — Fri, 14 Dec 2012 21:46:58 +0000

Senator Kirsten Gillibrand is optimistic that the President Barack Obama and leadership of the House of Representatives will cut a deal to prevent the so-called "fiscal cliff." New York's junior senator predicted there would be progress soon during a visit to Syracuse Friday.

Schumer: compromise is key to avoiding fiscal cliff

Catherine Loper — Tue, 13 Nov 2012 10:24:00 +0000

The focus in Washington, D.C. is now on the so-called "fiscal cliff," which describes the automatic budget cuts and tax hikes that are scheduled to go into effect at the end of the year if Congress and the president don't come to an agreement to reduce the deficit. Senator Charles Schumer (D-NY) is among those saying that the election was a mandate for compromise.

Schumer on tax rate compromises: "You can't do three things at once"

Ellen Abbott — Thu, 11 Oct 2012 20:07:06 +0000

U.S. Senator Charles Schumer is skeptical about the latest compromise being discussed in Washington to avoid the so-called fiscal cliff. Schumer expects a deal to be done by the end of the year, but says he won't support what's under discussion now.

State comptroller predicts Wall Street profits up in volatile economic climate

Karen Dewitt — Wed, 10 Oct 2012 13:39:56 +0000

Profits on Wall Street are going to be up this year, according to a new report from the New York state comptroller, but are still below their pre-recession highs. The report also finds fewer job losses in the securities industry, and many economic uncertainties ahead.

Taxes debated in 24th Congressional district race

Ellen Abbott — Thu, 09 Aug 2012 13:21:24 +0000

The debate over extending the Bush-era tax cuts is very much an issue in the race for the 24th Congressional district. Democrat Dan Maffei is criticizing incumbent Ann Marie Buerkle's support for keeping the tax cuts in place for everyone.

Local Congresswoman weighs in on tax debate

Catherine Loper — Fri, 03 Aug 2012 14:23:42 +0000

Congress took up more than one controversial measure this week before it goes on August recess today. One is the debate over extending the Bush-era tax rates. WRVO's Catherine Loper spoke with central New York Congresswoman Ann Marie Buerkle about the controversial policy.

Hanna proposes tax change for small farmers

Ellen Abbott — Tue, 17 Jul 2012 20:07:42 +0000

Central New York Congressman Richard Hanna is hoping to help small farmers create more jobs. He wants to tweak a portion of the tax code that was initially meant to help small farmers.

Is NY open for business?

Karen Dewitt — Tue, 17 Jul 2012 13:20:20 +0000

Governor Andrew Cuomo is running television ads proclaiming New York’s business friendliness, but a recent set of rankings finds the state dead last in that category. The truth likely lies somewhere in between.

New York's craft breweries bubble on thanks to tax credit deal

Ryan Delaney — Tue, 26 Jun 2012 12:03:00 +0000

Nick Matt ducks into side doors and up staircases while rattling off the history of the F.X. Matt Brewery in Utica.

The brew house is like a second home to Matt because it was his grandfather, F.X., who first opened the brewery 124 years ago.

If you're racking your brain to see if you've ever heard of F.X. Matt Brewery, try this: they make Saranac ales and lagers. For the older generations, does Utica Club ring a bell?

Homeowners speak up on assessment grievance day

Ellen Abbott — Tue, 22 May 2012 14:35:00 +0000

Think your property taxes are too high?

Today's the day you can try to get those taxes down, by way of lowering what the town thinks your home is worth.