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New York City has spent $27 million on snow removal in recent snowless winters, despite not having a significant snowfall in over 700 days. The city's annual snow removal budget is determined by averaging the actual costs from the previous five fiscal years. In the 2023 fiscal year, the city spent only $49.7 million on snow removal, well below the $96.2 million reserved for that purpose. The city has been criticized for over- or under-budgeting snow removal costs due to the unpredictable nature of weather forecasting. The Citizens Budget Commission has suggested that snow removal duties be divided among multiple agencies to save on costs and potentially reduce the workforce. [Extracted from the article]

R2H6NGDWLU6H00000 DNMLENf-20211115141126.xml R2H6NGDWLU6H (Bloomberg) -- New York State's financial regulator called on insurers to consider climate-related risks in their business planning and provide related disclosures. Keywords: 0248638DJP; AIG; MET; ALLTOP; BNK; BUSINESS; CLIMATE; COS; FIN; GLOBALMACR; GOV; INDUSTRIES; INS; NORTHAM; US; WORLD EN 0248638DJP AIG MET ALLTOP BNK BUSINESS CLIMATE COS FIN GLOBALMACR GOV INDUSTRIES INS NORTHAM US WORLD New York State's financial regulator called on insurers to consider climate-related risks in their business planning and provide related disclosures. [Extracted from the article]

The article reports on a program announced by New York Governor Kathy Hochul to support innovation fro climate-technologies, a program focused on the research and development of new insurance policies and products that will promote the adoption of clean technologies across New York state.

The extra staff would help streamline the process by which companies can secure licenses to operate blockchain-based financial firms -- without sacrificing oversight, she said at the time. (Bloomberg) -- New York state's top financial watchdog is moving to step up oversight of the market for nonfungible tokens. [Extracted from the article]

Digital health company Galileo and not-for-profit insurer MVP Health Care are bringing virtual primary and specialty care to Medicaid members in New York. [ABSTRACT FROM AUTHOR]

The article focuses on the inaugural Pro Bono Planners of the Year Awards which honor individual advisors and advisor groups for their charity work. Rick Fingerman, founder and president of Financial Planning Solutions, won the Pro Bono Planners of the Year Award for his work on financial counseling with cancer patients. The Pro Bono Team of the Year Award was given to the New York chapter of the Financial Planning Association for assisting 9/11 families.

The article discusses several business drivers to the integration of financial services into the business models of benefits advisers. Among the advisers that have recognized the benefits of installing a consumer-driven phone line is New York-based Frenkel Benefits, which hired two people to man the phones. Lynn Finkelstein of Ernst & Young has observed a real increase in the average employee's financial education interest level, which amplifies the importance of financial services.

The article describes the excel-based financial model developed by Onondaga County, New York to help manage the overhaul of the water treatment plant and collection system by 2012. Compared to other financial models, the Onondaga model sets itself apart because it can produce the outcomes for simulations on assumptions about inflation, interest costs and project costs and their impact on long-term user charges.

The article discusses how to use a mortgage to leverage up and invest. Suze Orman, the ubiquitous personal finance guru, advises her followers to pay off their mortgages and live debt free. If you struggle to pay your bills, Suze's advice is sound. But if you are in a high tax bracket and your main concern is investing for the future, ignore her. So long as you have the self-discipline to invest the extra money you borrow rather than fritter it away, you're likely to come out ahead by carrying a bigger mortgage. The reason is simple: the tax code. You can deduct interest on up to $1 million of mortgage debt (for the purchase of a principal and a second home) on your federal tax return. You can also get a deduction in 31 of the 41 states with income taxes, including such high-tax locales as New York and California, according to CCH Inc. For someone in the upper federal brackets living in a high-tax state, this can amount to a 40% or more government subsidy of borrowing costs.There are some restrictions and catches; for example, it's best to start out with a big mortgage rather than add on debt later.

The article discusses developments in New York. Financial plans, political administration, terrorism and violence, tourism, quality of life and employment rate are evaluated. Among the happenings includes the winning of Yankees in the world series for the second year in a row, awarding of Nobel prize to Isaac Bashevis Singer, and the passing of the bill in Congress that will provide $ 1,650,000,000 for the city. It was concluded that 1978 has been a good year to New York.

The article reports that while New York has the 3.72 billion dollars it needed for fiscal year 1976-1971, New York City will not be able to manage the marketability of its securities under the three-year 6.6 billion financial plan. It says that the state is looking at accounting tricks like deferring some personal income tax refunds in 1977 until after March 31 of that year. Meanwhile, state banks and out-of-state banks and some financial institutions took 2.4 billion of the financing package.

An interview with Robert Brosterman, a member of the New York Bar, is presented. When asked whether personal audit leads to estate planning, he states that personal audit helps businessmen understand if they need any sophisticated planning. He states that businessmen's life insurance proceeds go to their family outside the will. He notes that businessmen can give their wives company group insurance.

Business groups demand a veto of the Comprehensive Insurance Disclosure Act, which would require defendants to reveal insurance coverage pre-trial. [ABSTRACT FROM AUTHOR]

She will oversee the launch of the New York-based software firm's new MGA. [ABSTRACT FROM AUTHOR]

The article focuses on the career of Muriel Siebert in breaking gender barriers to financial success. Siebert had spent her 46-year career in the male-dominated world of Wall Street in New York City. In October 2000, her Siebert Financial Corp. bought two Internet operations that provided investment education, advice and services geared to women. She hoped to create a one-stop Web site for a woman's business and personal finance needs.

The Association of Professional Insurance Women will recognize Zurich's chief transformation officer with the award on April 7 in New York. [ABSTRACT FROM AUTHOR]

Homeowners MGA and insurer Lighthouse Management raised $65mn in a senior debt private placement in New York. [ABSTRACT FROM AUTHOR]

Hong Kong insurer withdraws its proposed listing in New York [ABSTRACT FROM AUTHOR]

Putting aside dynamics such as federal pandemic aid and congestion pricing, the transit authority's latest financial plan had a rinse-and-repeat feel. [ABSTRACT FROM AUTHOR]

Insurer enjoying busiest ever year in FAB format [ABSTRACT FROM AUTHOR]

Insurer lines up $500m in anchor support [ABSTRACT FROM AUTHOR]

Gary Boss is based in New York, and Ashley Prebble works at the law firm's London office. [ABSTRACT FROM AUTHOR]

The DFS is asking all carriers that write more than $100mn in NY premiums for diversity data. [ABSTRACT FROM AUTHOR]

The article reports that editor-in-chief Steve Forbes and John Schlifske, Northwestern Mutual chief executive officer (CEO), visited Syracuse, New York on May 2, 2012 for the seven-city tour "The Power of A Game Plan." It states that the tour dealt with the components of a financial game plan which include investment, insurance, and retirement savings. Moreover, they predicted predicted a better economic times for the U.S. and for the regions such as Syracuse and upstate New York.

The article looks at the general funds tax collections which are below the initial projections for 2010-2011 in New York. According to state comptroller Thomas P. DiNapoli, it is essential that realistic projections should be contemplated in the Enacted Budget Financial Plan. The findings in DiNapoli's March Cash Report is also cited including the calculated amounts collected from general fund business tax, general fund tax, and general fund personal income tax.

The article offers information on the plan of Governor Andrew Mark Cuomo to transform New York during his first State of the State Address in 2011. He states that the people of New York must turn the economic crisis into an opportunity of remaking the state into the nation's progressive capital. He drafted an Emergency Financial Plan that closes the deficit of 10 billion dollars in the 20-10-2011 budget without borrowing or increasing taxes.

The article reports on the claims of New York State Comptroller Thomas P. DiNapoli that the revenues included in the deficit reduction plan of Governor David Paterson may increase the state deficit to more than two billion dollars. He states that the General Fund tax revenues need to grow by more than 46% to meet revenue projections. Moreover, a governor has suggested to reduce the hours of state-operated parks and historic sites.

The article presents information on the impact of industries like insurance, real estate, and financial services on the economy of New York. Topics include the rise in the value of real estate in the state, the importance of proper financial planning for companies in New York, and the revenue growth of the top accounting firms in the state.

In this article, the author offers financial tips on how to start the year 2010 right in New York. He believes that it is the right time for companies to grow, to prosper, and to take advantage of temporary tax opportunities offered by the government. He suggests that business enterprises should also review one's credit situations and financial operations to improve operations. He also advises firms to invest in new equipment, technology and expand physical space.

The article reports on the move of James Layhew and son Jeffrey Layhew to help qualified individuals who lost jobs in Salina, New York. Both decided to offer them free financial planning services at their financial advisory firm Wealth Resources Network. To qualify for the said service, one has to be a resident of Central New York with at least 25,000 dollars in 401(k) and are looking for work.

The article offers information on the perspective shared by the author regarding the significance of blue print in financial planning in New York. The author mentions that when planning for a particular investment, a blueprint is also needed to avoid failure. He adds that financial planner and blueprint should compliment ones goal because it allows flexibility in the building one's financial structure.

In this article, the authors discuss various issues related to businesses in New York. One of the authors note that market planning connects the gap and would serve as a guide for the condition of businesses. He also points out that mapping out for the financial future is the best way to plan for the future, especially during retirement years. Meanwhile, another announces that nominations for the search of the America's Oldest Worker is already being accepted.

The article discusses the factors need to be considered by clients when preparing for estate and protection plan for families and children in the U.S. It cites that top five considerations listed by partners Willem Gravett and Margaretha Gravett of the Westchester County, New York-based law firm Gravett & Gravett. They suggest that estate planning should accommodate changes in one's family, assets, and the law.

The article discusses the importance of estate planning in the business industry in Westchester County, New York. It explores the advantages and disadvantages of the Economic Growth and Tax Relief Reconciliation Act of 2001. It examines the pressure on Congress to make further changes that will clarify the future of the estate tax. It highlights the advantages that planning process can help individuals and families achieve, without regard to estate tax complexity.

The article reports on the move of accounting firms in Long Island, New York to include financial planning services in their portfolio despite claims that it would lead to conflict of interests. According to the article, a survey conducted by the American Institute of Certified Public Accountants revealed that about 50% of companies have started offering it between 2000 to 2007. It states that the act is brought about by reasons such as the low economy and the need to evolve in business.

The article focuses on the advantages of early planning and saving for a child's college education in New York since his or her birth. With college tuition prices rising an average of six percent a year, the smartest way to save for the child's education is to start early and put money in a tax-free 529 account. This could earn savers at least six percent returns annually and a 10 percent deduction on New York tax return.

The article discusses the move by Thomas P. DiNapoli, New York State Comptroller, on releasing an updated multiyear financial planning guide. It was revealed that the financial planning ables to help local officials develop more comprehensive, accurate long-term financial plans as well as meeting new state fiscal accountability requirements. In addition, multiyear planning believed as a vital tool for local governments.

The article reports on the relocation of the New York City-based law firm Shearman & Sterling operations to Manhattan, New York. The relocation involves 130 administrative positions in the technology, finance and benefits departments which will be started on May 2007. Kimberly Garner, executuve director of the company, states that the relocation is an attempt to lower office space costs.

The article reports on the highlights of the 2006 "Get Your Money Right" event organized by the Hip-Hop Summit Action Network at the Hammerstein Ballroom in Midtown Manhattan, New York City. The event, which was sponsored by Chrysler Financial Inc. and Anheuser Busch, was aimed to inspire 18 to 35-year-old youth at risk to improve their life through financial empowerment.