The IRS has provided an automatic consent procedure to comply with the method of accounting changes in connection with the new requirement to amortize certain research or experimental expenditures. The procedure applies to tax years beginning after Dec. 31, 2021.
Financial Management – IRS Adjusts Accounting-Change Procedures for R&D Read More »
WASHINGTON – The U.S. Department of Labor announced on Jan. 12 changes to Occupational Safety and Health Administration civil penalty amounts based on cost-of-living adjustments for 2023.
Washington Update – US Dept. of Labor Raises OSHA Penalties for 2023 Read More »
A roundup of what’s new and who’s in the news both locally and in the state.
What’s New & Who’s News Read More »
Veteran Civil Engineer Dolph Rotfeld, considered by many a dean in the engineering community, who worked on many of the region’s major construction and infrastructure project, died on Nov. 30, 2022 after a brief illness. He was 91.
Obituary – Dolph Rotfeld Read More »
NEW YORK—The Metropolitan Transportation Authority announced earlier this month it earned a $254-million federal grant as part of the Federal Transit Administration’s new All Stations Accessibility Program
NYC Update – MTA to Receive $254M In Federal Money for Accessibility Projects Read More »
WHITE PLAINS—Westchester County Executive George Latimer announced on Jan. 4 that the county will move forward with a $7.3-million upgrade to the Weaver Street Pumping Station in Larchmont. The pumping station was damaged by the remnants of Hurricane Ida that hit the region in August 2021.
County Advances $7.3M Project to Repair Pumping Station Damaged by Hurricane Ida Read More »
WASHINGTON—The FTA on Monday announced it will award six grants in the region to improve accessibility for people with disabilities at rail transit systems, especially targeting the oldest facilities.
ALBANY—The New York State Thruway Authority Board of Directors approved the start of a process to increase tolls to help finance its ambitious and necessary $1.9-billion 2023-2027 capital plan.
Thruway Authority officials stated that the toll hike, is its first systemwide toll increase since 2010. It is necessitated by an additional nearly $500 million in needed infrastructure work, which is not currently supported by the funding stream of the existing 2022-2026 capital plan.
Thruway Toll Plan to Help Fund $1.9B for Multi-Year Capital Work Read More »
NEW YORK—Touted as the largest expansion of Metro North train service in its history—construction on the $3.18-billion Penn Station Access project has begun that will add four new Metro-North stations and bring rail service within one mile of 500,000 residents. The four new stations will be in Hunts Point, Parkchester/Van Nest, Morris Park, and Co-Op City and will be accessible to all in accordance with the Americans with Disabilities Act.
Construction Begins on $3.2B Penn Station Access Project Read More »
