New York State Senator John A. DeFrancisco announced that the Senate passed his legislation today (S6471), which would expand Onondaga County’s foreign trade zone to include Cayuga, Oswego, and Madison counties.
Imports and exports are a major source of growth for Central New York, and the expansion would permit existing businesses to expand distribution and increase international trade.
State Senator John A. DeFrancisco announced that the New York Senate passed legislation today, May 15, 2012, which would give state agencies the authority to determine whether a letter of credit is needed for a state contract, and would limit the amount of the letter of credit to 3 percent of the total contract award.
“A three percent cap on a letter of credit would help small and medium-sized businesses, because a letter of credit requirement adversely impacts a company’s ability to secure a loan, and it ties up resources that a company needs for operating expenses and growth,” said Senator DeFrancisco.
State Senator John A. DeFrancisco participated in the hearing titled, "Fiscally Distressed Municipalities: Preparing for and Preventing Municipal Bankruptcy in New York," which was held by Senator Jack M. Martins of Mineola. The hearing took place at Syracuse City Hall on August 20, 2013, and was held to hear potential solutions for preventing fiscal problems in municipalities. The hearing in Syracuse was one of several that are being held throughout the state.
The Commission on Local Government Modernization, has launched a comprehensive study of government structure in Onondaga County in an effort to provide better services more efficiently to the community.
Senate members serving on the committee are: Republican Conference Leader Dean Skelos, Co-Chair; Finance Committee Chair John A. DeFrancisco; Deputy Republican Leader Thomas W. Libous; Independent Democratic Conference Leader Jeffrey D. Klein, Co-Chair; Deputy Independent Democratic Conference Leader for Legislative Operation David J. Valesky; Democratic Conference Leader Andrea Stewart-Cousins; and Ranking Democratic Member of Senate Finance CommitteeLiz Krueger.
Assembly members serving on the committee are: Sheldon Silver, Co-Chair; Ways and Means Chair Herman D. Farrell, Jr.; Majority Leader Joseph Morelle; Deputy Speaker Earlene Hooper; and Minority Leader Brian M. Kolb.