Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.
Onondaga County audit finds more than $420K in unpaid room-occupancy taxes
The office of Onondaga County Comptroller Martin Masterpole performed the audit. The report covered 50 hotels and motels for the period 2019 through 2022, per the Feb. 9 announcement. The Office of the Comptroller examined tax returns totaling $9.1 million in room-occupancy tax (ROT), based on $173 million of reported gross revenue. Audited property management […]
Maine woman faces 67 charges for thefts from area Empower FCU branches
NORTH SYRACUSE, N.Y. — State Police in North Syracuse arrested a Portland, Maine woman on Feb. 16 on 67 charges for allegedly stealing nearly $20,000
Oneida County seeks broadband service proposals
UTICA, N.Y. — Oneida County is seeking requests for proposals from internet-service providers to expand broadband service to more than 50 underserved areas around the
Upstate, Crouse Health scrap merger plan for now
SYRACUSE, N.Y. — SUNY Upstate Medical University on Thursday said its plan to acquire Crouse Health is “impractical at this time,” and the health systems
Application period for Syracuse’s ARPA Distressed Property Fund opening soon
SYRACUSE, N.Y. — The City of Syracuse expects to open the application period later this month for those interested in applying for funding from the
SECURE 2.0 Act brings changes to retirement planning
SYRACUSE — Passed at the end of 2022, the SECURE 2.0 Act contains many new benefits for employers as well as employees in hopes of boosting retirement savings across the country. The act (formally known as the Consolidated Appropriates Act of 2023 (HR 2617) builds upon the 2019 SECURE Act with about 90 provisions that
VIEWPOINT: Retirement Planning has Changed Again with SECURE Act 2.0
In 2019, Congress passed and President Donald Trump signed into law the Setting Every Community Up for Retirement Enhancement (SECURE) Act. The intent of this law was to improve the way businesses provide retirement benefits to employees. In 2022, some long-awaited changes to the original act were introduced, and what is now known as SECURE
State pension fund posts 4.5% return in latest quarter
ALBANY, N.Y. — The estimated value of the New York State Common Retirement Fund hit $242.3 billion at the end of the state’s 2022-2023 fiscal third quarter. For the three-month period ending Dec. 31, 2022, the fund’s investments returned an estimated 4.51 percent, the office of New York State Comptroller Thomas DiNapoli announced Feb. 10.
Highway superintendent in Chenango County town charged with theft
PLYMOUTH, N.Y. — The superintendent of the Town of Plymouth Highway Department in Chenango County was arrested Feb. 6 and charged with allegedly using town
State awards DRI, NY Forward funding to four CNY communities
HOMER, N.Y. — New York State has awarded the Village of Homer in Cortland County $10 million as the Central New York winner of the
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.