New York state's Financial Restructuring Board released its review and recommendations for the city of Fulton, which in recent years has faced serious fiscal issues. City leaders say they plan to take the state's advice.
Since 2011, Fulton has raised its tax rate by more than 15 percent to make up for a decline in property values. It also slashed full-time staff from more than 150 employees down to 135.
The former Birds Eye plant in Fulton is officially the home of a Pakistan-based poultry processing company which hopes to begin manufacturing products in the next couple of months.
K&N's Foods USA bought the vacant building last January, and in less than a year invested more than $5 million into the building's purchase and renovation to get it up and running. Adil Sattar, chief executive with K&N's Foods USA, says although the company isn't producing anything just yet, it is already an employer.