White Plains, NY
Politics
Cuomo Blames Trump For $2.3B State Budget Shortfall, Eyes Infrastructure, Education For Cuts Cuomo Blames Trump For $2.3B State Budget Shortfall, Eyes Infrastructure, Education For Cuts
Cuomo Blames Trump For $2.3B State Budget Shortfall, Eyes Infrastructure, Education For Cuts Largely blaming the new federal tax code signed into law by President Trump, New York Gov. Andrew Cuomo announced that the state is facing a shortfall of more than $2 billion in revenue after December and January saw a drop in income tax. Since announcing his $176 billion budget plan last month, Cuomo said that the state income tax revenues have dropped by $2.3 billion in December and January, which may force the state to limit spending. The governor attributed the decline to “the federal tax legislation's elimination of full state and local tax deductibility, which disproportionately impact…

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by Zak Failla
Armonk, NY
Schools
New Study Finds Iona College Contributed Nearly $300M To Regional Economy New Study Finds Iona College Contributed Nearly $300M To Regional Economy
New Study Finds Iona College Contributed Nearly $300M To Regional Economy Iona College contributed nearly $300 million to the regional economy, according to a brand-new study. Iona College contributed $284.4 million to the economy and was responsible for 1,930 jobs in 2017, the college announced. The figure represents a near $26 million increase from the previous year. The study was commissioned by the Albany-based Commission on Independent Colleges and Universities, who evaluated more than 100 private, not-for-profit schools. The study found that Iona College’s presence translated into $104.3 million direct spending; $36.5 million in student and visitor spending…

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by Zak Failla
Yonkers, NY
Business
Big Retail, Food Chains Closing Shop In New York City In Record Numbers Big Retail, Food Chains Closing Shop In New York City In Record Numbers
Big Retail, Food Chains Closing Shop In New York City In Record Numbers Big business may be becoming a smaller thing in New York City as several large retailers and food chains continue a mass exodus. For the first time in more than a decade, nationally known chains are moving out of New York City, according to a brand-new report that was recently released. According to the study, nationally known retailers are moving out of the area in greater numbers than their coming in, marking the first time in 11 years. The Center for Urban Future determined that a record 124 retailers have reduced their store footprint over the past year, nearly double the 65 retailers t…

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by Zak Failla
White Plains, NY
News
MTA Plans New Rate Hike, Citing 'Very Difficult Economic Times' MTA Plans New Rate Hike, Citing 'Very Difficult Economic Times'
MTA Plans New Rate Hike, Citing 'Very Difficult Economic Times' Travelers can expect a hike in prices as the Metropolitan Transportation Authority proposes a rise in fares and tolls for the coming year to cover rising expenses. Citing projected declines in revenues and increases in cost for providing services, the MTA announced that it will require “fare and toll adjustment and new sustainable revenue sources in order to avert significant service cuts and layoffs.” “In the face of very difficult economic times, we’re aggressively pursuing cost savings and identifying efficiencies while we work hard to create the renewed and modernized public transportat…

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by Zak Failla
Mount Pleasant, NY
Lifestyle
New Movie Filmed In Hudson Valley Contributed Over $21M To State Economy New Movie Filmed In Hudson Valley Contributed Over $21M To State Economy
New Movie Filmed In Hudson Valley Contributed Over $21M To State Economy Production of Paramount Pictures’ Hudson Valley-based supernatural thriller "A Quiet Place," was a booming success for New York’s economy,  according to the studio.  The film, starring husband-and-wife John Krasinski and Emily Blunt, follows a family trying to silently escape mysterious creatures that hunt by sound, generated more than $21 million in local economic activity and contributed over $12.5 million in wages to more than 600 local workers, according to the Motion Picture Association of America. "A Quiet Place" will be available in theatres starting Friday, April…

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by Kathy Reakes
Newburgh, NY
News
It's Official: Stewart Airport Now Has A New Name It's Official: Stewart Airport Now Has A New Name
It's Official: Stewart Airport Now Has A New Name This story has been updated. Stewart International Airport in Orange County will be renamed New York Stewart International Airport as part of a $37 million effort to modernize facilities and bring new attention to the travel hub. The tremendous success of international air service by Norwegian Airlines at Stewart International Airport in Orange County has prompted the Port Authority to expand services including a permanent U.S. Customs inspection area at the airport based in New Windsor.  According to realestateindepth.com, passenger volumes at the Hudson Valley airport rose 62 percent las…

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by Jon Craig
Armonk, NY
Business
J.C. Penney To Close More Stores, Lay Off Hundreds Of Employees J.C. Penney To Close More Stores, Lay Off Hundreds Of Employees
J.C. Penney To Close More Stores, Lay Off Hundreds Of Employees J.C. Penney says it will close eight stores in 2018, resulting in 480 job cuts. This comes after the department store chain shuttered 140 stores in 2017. The eight stores scheduled for closure this year are: Hampton Village Plaza in St. Louis, Missouri Garden State Plaza in Paramus, New Jersey Sandburg Mall in Galesburg, Illinois Viking Plaza in Alexandria, Minnesota Washington Park Mall in Bartlesville, Oklahoma Cascade Mall in Burlington, Washington Calexico Store in Calexico, California Knox Village Square in Mt. Vernon, Ohio J.C. Penney had announced earlier this week, 600 jobs would …

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by Joe Lombardi
Darien, CT
News
Twenty More Deaths Reported From Flu In Connecticut Twenty More Deaths Reported From Flu In Connecticut
Twenty More Deaths Reported From Flu In Connecticut Another 20 flu-related deaths were reported in Connecticut in the past week, bringing the total for this current flu season to 52. According to the CDC, the flu results in 31.4 million outpatient visits and 200,000 hospitalizations across the country annually. While flu seasons are unpredictable and can vary in severity each year, there are between 3,000 and 49,000 influenza deaths nationwide. This causes an estimated annual $87 billion total economic burden to U.S. businesses. In Connecticut, there have been more than 1,000 people hospitalized with the flu, including the 52 fatalities - 44…

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by Zak Failla