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Latest Economy News

DiNapoli discusses procurement reform

Posted by Matt Ryan on

Earlier this week another feud between Governor Andrew Cuomo's administration and State Comptroller Tom DiNapoli surfaced.

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Is New York headed toward another budget gap?

Posted by Karen DeWitt on

After several years of budget surpluses, New York state tax revenue is coming in at a lower-than-expected rate.

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Groups call nuke plant bail out a 'tax' on ratepayers

Last Updated by Karen DeWitt on

Some environmental groups say Governor Cuomo’s administration should reconsider an $8 billion dollar bail out of three upstate nuclear power plants. They say the cost will be passed on to ratepayers.

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Groups question value of state's economic development programs

Last Updated by Karen DeWitt on

The scandal over Governor Cuomo’s economic development programs has led to more scrutiny of whether the projects are the best way to improve the state’s economy, and some watchdog groups are asking questions.

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Are Cuomo's steps to address alleged bid rigging enough?

Posted by Karen DeWitt on

Governor Cuomo is making some changes to prevent any future bid rigging in some of his major economic development projects.

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Business group scorecard favors state Republicans

Posted by Karen DeWitt on

The pro-business group Unshackle Upstate is out with its rankings of state legislators who are seeking re-election in November. As Karen DeWitt reports, Republicans did better than Democrats.

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Buffalo rebirth, first look at new ADK trails

Last Updated by Matt Ryan on

We have three interesting stories to tell in this edition of New York NOW.

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Cuomo keeping options open on use of surplus windfall

Posted by Karen DeWitt on

For the first time in several years, New York has a surplus of three to four billion dollars. Governor Cuomo says he’s still looking at options on how best to use it.

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Cuomo's top Economic Development official faces grilling by lawmakers

Posted by Karen DeWitt on

A routine oversight hearing by the state Assembly turned testy when Governor Cuomo’s Economic Development Czar, Howard Zemsky, endured over two hours of questions about Governor Cuomo’s economic development programs, which are currently under federal investigation.

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Tax cap projected to hold property taxes below 1% in 2016

Posted by Karen DeWitt on

The state’s comptroller finds that local and school property taxes will increase by the lowest percentage in decades, under the rules of a tax cap program recently renewed by the legislature.

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