January 2025

Massive Federal Budget Cuts Take Time Due to Difficult, Hard Choices

The federal budget is a critical tool for governing the United States, outlining how taxpayer money is allocated to support a variety of government functions. However, with the national debt exceeding $30 trillion and annual budget deficits often surpassing a trillion dollars, the need for cuts has become increasingly urgent. Despite this, slashing the federal budget is notoriously difficult. The multiple factors contribute to the resistance against cutting government spending are political pressures, societal needs, legal constraints and economic concerns just to name a few.

Massive Federal Budget Cuts Take Time Due to Difficult, Hard Choices Read More »

State Gaming Facility Location Board Names Phillips, Reimers as Members

ALBANY—As a number of prospective casino projects in the downstate region wind their way through the municipal approval process as they prepare to file formal applications with the state later this year, the New York State Gaming Commission reported it had unanimously appointed Marion Phillips, III, and Greg Reimers as members of the New York Gaming Facility Location Board, which is overseeing the commercial casino siting process in the New York Metro region.

State Gaming Facility Location Board Names Phillips, Reimers as Members Read More »

Thousands of New Jobs

A Fully Funded MTA Capital Plan Invests $6.1B into H.V.’s Economy

NEW YORK—The MTA Capital Plan for 2025-2029 will generate $106 billion in economic activity and more than 70,000 jobs statewide, according to a new analysis commissioned by the Partnership for New York City.

The report—which was released at the annual meeting of the New York Building Congress on Jan. 23 that was attended by more than 500 construction industry and union leaders—describes the impact of the MTA’s proposed capital investment if the plan is approved and fully funded during budget negotiations between the governor and the state Legislature.

A Fully Funded MTA Capital Plan Invests $6.1B into H.V.’s Economy Read More »

5 GOP House Members Could Doom Trump Tax Bill Over SALT Reform

New legislation with bipartisan support in the Congress was introduced on Jan. 23 that would eliminate the SALT Cap marriage penalty. At a press conference yesterday, local, county and national elected officials introduced the SALT Marriage Penalty Elimination Act, which, if enacted, would remove a penalty imposed on married individuals in the current tax code, doubling the cap for joint filers.

5 GOP House Members Could Doom Trump Tax Bill Over SALT Reform Read More »

Longtime Transit Exec. Tom Prendergast To Head Gateway Hudson Tunnel Project

Longtime Transit Exec. Tom Prendergast To Head Gateway Hudson Tunnel Project

NEW YORK—The Gateway Development Commission announced it had appointed Thomas “Tom” Prendergast as Chief Executive Officer (CEO). The announcement was made following its Board meeting on Jan. 16.

Mr. Prendergast brings significant experience managing large rail infrastructure to the role, including serving as president, chairman and CEO of the Metropolitan Transportation Authority; president of the Long Island Rail Road; and CEO of the South Coast British Columbia Transportation Authority (TransLink).

Longtime Transit Exec. Tom Prendergast To Head Gateway Hudson Tunnel Project Read More »

Scroll to Top