Oswego, NY – As the unemployment rate rises, fewer upstate New Yorkers are spending money.
According to the latest Siena College poll, consumer confidence across N.Y. dropped three points last month. This comes as unemployment in the Syracuse area rose nearly one percentage point in January.
Albany, NY – The state legislature has not yet offered publicly any ideas about how to respond to Governor Paterson's austere state budget proposal, as New York grapples with a multi billion dollar deficit. A coalition of interest groups says they have some suggestions, including some new taxes.
Oswego, NY – New York State is closer to receiving billions of dollars in federal race to the top funding.
The U.S. Department of Education has named New York as one of 16 finalists. It's a step toward winning a share of over $4 billion in education reform funds.
Governor David Paterson said New York lost its best chance for up to $700 million in federal funds. Paterson blames this on the state legislature refusing to approve his plan to raise the limit on the number of charter schools.