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Law, Accounting & Taxes

Local sales-tax collections rose 19 percent statewide in 2021

ALBANY, N.Y. — Local-government sales-tax collections rose 19 percent to $19.6 billion in 2021 from $16.5 billion in the prior year. That’s according to a report that New York State Comptroller Thomas DiNapoli released Feb. 9.  The growth in collections represented the “highest annual increase on record after a historic low in 2020” when local […]

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NYS pension fund produced nearly 5 percent return last quarter

ALBANY, N.Y. — The New York State Common Retirement Fund produced an estimated return of 4.74 percent in the final quarter of 2021, its fiscal third quarter. That’s according to New York State Comptroller Thomas DiNapoli who also noted that the fund ended the quarter with an estimated value of $279.7 billion. “A strong [fiscal]

Fulton firm certified as service-disabled vet-owned business

FULTON, N.Y. — New York Office of General Services (OGS) Acting Commissioner Jeanette Moy recently announced that a Fulton pet-service business has been certified as a service-disabled veteran-owned business (SDVOB). The New York OGS Division of Service-Disabled Veterans’ Business Development (DSDVBD) issued the certification to Fort Frisbee, LLC, which is located at 801 West Broadway

Cortland County small businesses can apply for grants through BDC programs

CORTLAND, N.Y. — Pandemic-impacted small businesses in Cortland County have until the end of February to apply for grant funding from the Cortland County Business Development Corporation (BDC).  The BDC was awarded $300,000 through the county’s American Rescue Plan allocation process. Businesses may be eligible for assistance through three different programs, the BDC said. The

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