We encourage all businesses in New York to take advantage of the provisions enacted under the federal HIRE Act, passed in April of this year. Businesses that hire the long-term unemployed (defined as those who have not worked in over 60 days) can suspend payment of the employer's share of Social Security taxes on that worker from March 18-December 31, 2010. The more a business pays a worker (up to the maximum Social Security wage of $106,800), and the longer a business has a worker on its payroll, the greater the tax savings - so there is an incentive to hire people sooner, and pay them more.
Having lived in a co-op for the past 15 years, I cannot speak out enough on supporting bill 7958-A, introduced by state Sens. Liz Krueger (D-Manhattan), Velmanette Montgomery (D-Brooklyn) and George Onorato (D-Astoria). This bill would create a government agency that would hear the cries of hundreds of thousands of residents who own shares in co-ops.
Presently, our only course of action in the event of a conflict between shareholders and the board or management is to hire an attorney and be at the mercy of a corporate checkbook and the numerous ways of abusing the judicial system to protect what may not be in the best interest of shareholders.
Earlier this month, a fledgling organization of New York City apartment owners launched a modest website with an Olympic-sized ambition:
“The Alliance of Condo & Co-op Owners aims to help owners achieve fair play, transparency, and accountability in condo and co-op governance and operations.”
Intrigued, we caught up with the ACCO’s president--Larry Simms, a 59-year-old ex- condo board president who consults with co-ops and condos on fiscal planning, communications, governance and ‘problem avoidance’—to find out more about the grassroots movement and its tactics.
(New York, NY) This weekend Governor Paterson signed into law two bills that will strengthen tenants' rights and move New York one step closer towards resolving the many problems that continue to plague all-too-many New York residents. Both bills were strongly supported by Senator Krueger, a long-time advocate for tenants' rights.
(New York, NY) On Wednesday, August 25th 2010, New York State Senator Liz Krueger, joined by State Senator Jeff Klein, Assembly Member Hakeem Jeffries, City Council Member Brad Lander and New York Communities for Change (NYCC), held a press conference to announce legislation that is aimed at holding banks responsible for foreclosed homes in New York, while also pressing banks to avoid the foreclosure process by coming to the negotiation table early enough to modify loans. The proposed legislation emphasizes the importance of banks responsibly maintaining foreclosed homes if they cannot offer a viable mortgage modification to families in need.
In reviewing what summer 2010 will be remembered for, I am struck by the BP oil spill disaster in the Gulf, the hottest summer on record in New York City and a disturbing upsurge in Islamophobia throughout the US, including right here in New York City.
Early September this year brings the Jewish New Year (L’SHANA TOVA 5771 to those of you who are celebrating) and so too the end of Ramadan for the Muslim community, which is celebrated with a big feast, that happens to fall on September 11th this year. Jewish and Muslim holidays move dates every year due to solar changes.
In an effort to bring together different stakeholders in our State’s educational system, Senator Liz Krueger hosted an Education Forum to explore how we can improve upon our educational system, with a particular focus on the role of teachers and testing. This was also an opportunity for the State to come to the district and discuss how an economic downturn is an opportunity to plan for the future of education in New York State. Dr. David Steiner, New York State’s Commissioner of Education, delivered a keynote address entitled “What is an Educated Citizen” and a panel included Clara Hemphill and Dr. Stephan F. Brumberg.