WHITE PLAINS, NY—Westchester County Executive George Latimer signed on Dec. 12 a budget for next year that includes a record investment to build workforce housing. The total budget is $2.365 billion and includes cutting the county’s property tax levy by $6 million.
County Approves Budget that Includes Historic Affordable Housing Plan Read More »
Like many construction companies, your firm may have been trying for some time to fill open positions. If this is the case, be aware of a valuable tax credit for employers hiring individuals from one or more targeted groups.
The Adams administration is advancing two major neighborhood planning efforts. The first is aimed at leveraging four brand-new Metro-North train stations set to open in the East Bronx in 2027, for which scoping documents are now available. The City of Yes Bronx Metro-North Plan would bring a projected 10,000 jobs; major new public and private investments, including by large health care institutions already in Morris Park; and as many as 6,000 new homes—at least 1,500 of which will be permanently affordable.
NYC Update – Mayor Adams: We Are Going To Build Everywhere Read More »
A report from the Dallas Federal Reserve Bank assesses the impact from the Russia-Ukraine war as less sizeable than those of the 1970s’ oil shocks and more similar in magnitude to the 1990 oil shock during the first Gulf War
Economic Outlook – Russia-Ukraine War: Economic Effects Read More »
NEW YORK—The Metropolitan Transportation Authority released its 2023 budget on Nov. 30 and issued warnings of possible staff reductions, deferred or cancelled capital projects and other harsh measures if it does not secure additional governmental funding in light of continued low ridership caused by the COVID pandemic.
MTA Warns of Higher Fares, Deferred Capital Projects Read More »
TARRYTOWN—New York State voters marked their ballots on Election Day overwhelmingly in favor of the $4.2 billion in bond financing to fund sorely-needed clean water, clean air and green construction projects.
The measure passed by a more than two-to-one margin, with 59.28% of cast ballots (3,416,894) in favor of Proposition 1, called The Clean Water, Clean Air, Green Jobs Bond Act.
Voters Overwhelmingly Approve $4.2B Environmental Bond Act Read More »
PORT CHESTER, NY—It appears that plans to redevelop the long-shuttered United Hospital property off Route 1 in Port Chester can finally proceed to construction in 2023 after nearly two decades of false starts and community opposition that prevented shovels turning dirt on the venture.
Building at Long-Shuttered Hospital Site Scheduled to Start in 2023 Read More »
