Current Commentary: New York’s ‘Wiseguy’ Revenue Raisers By Rebecca Pavese, CPA

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Many states are struggling to find ways to balance their budgets, but it seems New York is borrowing some of its approaches from The Sopranos: a combination of intimidation and, shall we say, less-than-perfect bookkeeping.

eHeziCurrent Commentary: New York’s ‘Wiseguy’ Revenue Raisers By Rebecca Pavese, CPA

Current Commentary: The Unseen Battle Over Estate Taxes By Larry M. Elkin, CPA, CFP®

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While the press and the blogosphere fixate on the legislative jockeying over income tax rates, a much more lasting issue is being decided in the Capitol’s deepest recesses: Can so-called “death taxes” be laid to rest?

eHeziCurrent Commentary: The Unseen Battle Over Estate Taxes By Larry M. Elkin, CPA, CFP®

DiNapoli’s Office Completes Audit of City of Yonkers

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Albany, NY, September 3, 2010 – New York State Comptroller Thomas P. DiNapoli  announced September 1, 2010 his office having completed the audit :City of Yonkers – Budget Review. “My office’s audits of local governments improve their financial management practices,” DiNapoli said. “These audits are tools for local officials to make sure proper policies and procedures are in place to protect taxpayer dollars. …

eHeziDiNapoli’s Office Completes Audit of City of Yonkers

Fire Protection Services Fully Restored Citywide

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Image via Wikipedia Yonkers, NY, August 9, 2010 — Fire protection services are now fully restored citywide, Mayor Phil Amicone announced today. Two fire companies that were eliminated during citywide budget cuts in July have been brought back, and with them 10 firefighters who were laid off have been rehired.

eHeziFire Protection Services Fully Restored Citywide

Current Commentary: A VAT Made In America BY Larry M. Elkin

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Scarsdale, NY, August 5, 2010 – The United Kingdom has one. Canada has one. So do Australia, France, Germany, Japan, Russia and Spain. But the United States does not. The value-added tax, or VAT, is a kind of national sales tax that has become a key source of government revenue in developed nations around the world. While many Americans have never heard of the tax, …

eHeziCurrent Commentary: A VAT Made In America BY Larry M. Elkin

The Shaky State Budget: Preliminary Overview and Analysis BY Edmund. J. McMahon

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New York finally has a new state budget—more or less. On Aug. 3, the state Senate passed a bill containing nearly $800 million in tax hikes and other provisions that represent the final piece of the budget for the fiscal year that began April.  Passage of the 2010-11 appropriation bills was completed by the Legislature June 28–after which Gov David Paterson vetoedthousands …

eHeziThe Shaky State Budget: Preliminary Overview and Analysis BY Edmund. J. McMahon

The 2010-2011 Budget BY JOHN MURTAGH

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YONKERS, NY, July 15, 2010 — After three months of often difficult discussions and negotiations, the City Council last night adopted the City's 2010-2011 Budget. Had the Council not adopted this budget, the City was facing the certain prospect of default and municipal bankruptcy within  the next two weeks.

eHeziThe 2010-2011 Budget BY JOHN MURTAGH

Lesnick on Yonkers City Council’s Approval Vote of Mayor Amicone’s FY2110-2011 Budget

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 YONKERS, NY,  July 14, 2010 — The Yonkers City Council tonight voted 6-1 to approve the City’s FY 2010-11 Budget and provide the mayor with the necessary financial resources to restore essential services and jobs. Councilmember Joan Gronowski voted against its adoption. The budget’s passage follows an announcement earlier today by NYS Senator Andrea Stewart-Cousins, NYS Senator Jeff Klein, NYS …

eHeziLesnick on Yonkers City Council’s Approval Vote of Mayor Amicone’s FY2110-2011 Budget

Yonkers Firefighters Detail Cost Savings Offered and Rejected by Yonkers Mayor Amicone BY HEZI ARIS

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YONKERS, NY, July 14, 2010 — The Yonkers Fire Department was saddled with the closing of fire house Station # 8, situated at 571 Warburton Avenue, the disbanding of Ladder Company 70, the relocation of Tower Ladder 75, and the layoff of 36 Firefighters. José Caraballo, president of the Yonkers Fire Fighters Local 628, IAFF, and Augie Nigro, president of …

eHeziYonkers Firefighters Detail Cost Savings Offered and Rejected by Yonkers Mayor Amicone BY HEZI ARIS