Government

Investors snatch up $2B in LIPA bonds
5:48 pm
Fri December 13, 2013

NY helps LIPA restructure debt at lower cost

Credit AP

The Long Island Power Authority says it has finished restructuring more $2 billion dollars worth of debt.   LIPA says the borrowing could save rate payers some $130 million over 27 years.  

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One year since Sandy Hook shooting
6:26 pm
Thu December 12, 2013

Murphy says Senate should be embarrassed by lack of action on guns

U.S. Senator Chris Murphy on the floor of the Senate with a photo of grieving Sandy Hook families

This weekend will mark one year since the school shooting in Newtown. U.S. Senator Chris Murphy of Connecticut spoke about Newtown on the Senate floor Wednesday, bitterly criticizing his colleagues.

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NY tax incentives and business subsidies
7:37 am
Thu December 12, 2013

Cuomo announces $750 million in state economic development grants

New York Gov. Andrew Cuomo speaks during the 2012 regional economical development council awards in Albany, N.Y. (file photo)
Credit AP Photo/Mike Groll

The money will fund 824 projects around the state, including several on Long Island.

New York Governor Andrew Cuomo said on Wednesday the decision on which projects to fund came at a regional level.

Governor Andrew Cuomo speaking ahead of the 2013 Regional Economic Development Awards.

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Response to Cuomo's tax commission
6:00 pm
Wed December 11, 2013

NY Assembly Speaker Silver mixed on tax proposals

New York Assembly Speaker Sheldon Silver, D-Manhattan, speaks with reporters at the Capitol in Albany, N.Y. (file photo)
Credit AP Photo/Tim Roske

The leader of the New York State Assembly is non-committal about enacting the details of Governor Andrew Cuomo’s tax commission plan. Speaker Sheldon Silver says he’s for property tax cuts, but not at the expense of school spending.

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Taxes
7:22 am
Wed December 11, 2013

NY tax commission recommends cuts

Former New York Gov. George Pataki, Gov. Andrew Cuomo and former state Comptroller Carl McCall pose at Manhattanville College in Purchase, N.Y., on Wednesday, Oct. 2, 2013. Cuomo named Pataki and McCall to a Tax Relief Commission.
Credit AP Photo/Jim Fitzgerald

New York Governor Andrew Cuomo’s Tax Commission is recommending a $2 billion package that includes a temporary freeze on property taxes, and a cut in business taxes. 

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