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News
Eliminating 'Cycle Of Debt': New NY Law Prohibits Fees On Outstanding Student Loans
Some financial relief has arrived for those with student loan debt from New York colleges. Gov. Kathy Hochul signed a new law Thursday, Oct. 13, that prohibits state agencies from charging students an additional fee when collecting outstanding student debt. Under a previous state law, borrowers were charged up to 22 percent in fees on top of the amounts they owed, the governor’s office said. "When students across New York spoke up about the difficulties of digging out of debt, my administration listened," Hochul said in a statement. I’ve signed legislation eliminating additional fees…
News
NY State Agencies Prepare For Thunderstorms, Possibility Of Flooding
New York Gov. Kathy Hochul has cautioned residents as thunderstorms are expected to bring heavy rain to parts of the state, including areas that experienced flooding recently. Hochul said the storms are expected to mainly impact the Hudson Valley, New York City, parts of western Long Island, and the Capital Region from the late afternoon through the evening hours of Wednesday, Sept 8. (See the image above.) Flash flood watches were issued for Orange, Rockland and Sullivan counties from Wednesday afternoon through late Wednesday night. Isolated tornadoes could also form as the storm m…
Real Estate
Westchester Office Building Listed At $17.5M
A centrally located Westchester property with nearly 100,000 square feet of office space is up for sale for $17.5 million. The business property at 465 Columbus Ave. in Valhalla is more than 92 percent occupied with some high-profile public and private tenants -- including medical companies and state agencies. The offices were built in 1986 and extensively renovated in 2016. More details about the property can be found by clicking here:
Politics
Gov. Cuomo Unveils State Budget
New York Gov. Andrew Cuomo unveiled his $168 billion 2018-2019 budget to lawmakers on Tuesday. Cuomo's budget includes a three-percent increase in funding for schools and a one-percent increase in funding for higher education. The budget also increases funding for capital projects by 14 percent and health care by three-percent. The budget also reduces spending on transportation, community colleges, mental hygiene and state agencies. State aid to municipalities and counties will be frozen. The governor said his office is still working on a plan to combat the new federal tax reform bill tha…