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.
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.
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.
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.
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.
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.
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.