RBD WebTalk

March Madness continues for US markets … By Ken Mahoney

2011-03-21T12:19:00.001-04:00

March Madness continues for US markets … By Ken Mahoney The markets bounced back on Monday as investors embraced ‘Monday Merger Mania’. AT&T announced a 39 Billion Dollar deal to buy competitor T-Mobile. Investors are also hoping that the crisis in Japan is stabilizing ‘a bit’, while the Libya conflict will be measured in ‘days’. Between situations in Japan and Libya, stocks faced some serious headwinds last week. The Dow declined 1.5%, the S&P 500 fell 1.9% and the Nasdaq dropped 2.7%. The Libyan cease-fire announcement temporarily calmed concerns about developments in the Middle East on Thursday and Friday, but ongoing uncertainty eventually caused the rally to slow and it wasn’t enough to recover from Wednesday’s thrashing. Recent events, including the nuclear disaster in Japan, international forces bombing in Libya, and the possibility of more currency market intervention will likely keep investors reacting to headlines in the weeks ahead. We are currently facing an extremely media-driven market that responds quickly to what is visible in the news. At times like this, it is more important than ever to avoid trading based on emotion rather than facts or fundamentals. Even when things are uncertain, there are often many promising opportunities to be found. Consider one example: Some people see huge opportunities in Japan. Since experts are optimistic that the earthquake's impact will have a relatively mild long-term effect on Japan’s economy, a cross-section of investors are watching the Japanese market with the intent to invest – viewing the Nikkei’s sharp drop as the best time to get in. In fact, a whopping $956 million flowed into Japanese equities in the week ending March 16 alone, according to data from Thomson Reuters Lipper service. While we are not necessarily advocating this strategy for you, it does highlight the importance of seeking out opportunities even when things look grim. Despite the complicated and unpredictable elements at play, these events remind us of the nature of the markets: ups and downs are to be expected. Although we've quoted him before, now is a good time to recall the words of billionaire investor Warren Buffet who said, “Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”. And always remember, we’re monitoring the situation closely. ECONOMIC CALENDAR: Monday – Existing Home Sales Tuesday – Redbook Wednesday – New Home Sales, EIA Petroleum Status Report Thursday – Durable Goods Orders, Jobless Claims Friday – GDP, Consumer Sentiment HEADLINES: America’s top military commander says a United Nations-authorized no-fly zone over Libya has effectively been achieved. The Chairman of the U.S. Joint Chiefs of Staff, Admiral Mike Mullen, is calling the initial phase of a multi-national effort to take control of Libyan airspace a success. Mullen says Libyan command-and-control centers and air defense installations have been struck, and that leader Moammar Gadhafi’s forces effectively are grounded. The U.S. cost of living hit a record high (127.4) in February, according to the Chained Consumer Price Index. The previous high of 126.9 was reached in July 2008, before economic markers like unemployment and stock prices were affected. Simultaneously, states will be cutting back services this year at the same time they increase taxes in order to close enormous budget deficits. Japanese government officials say food and milk contaminated with radiation is being detected in a wider than expected area. Some shipments are now being stopped, although authorities stress that ingesting the items will not immediately harm people. Nissan Motor Co. said Sunday that it will start parts production and vehicle assembly operations this week in Japan, becoming the first car maker to restart its entire auto production process after a devastating quake brought the country's auto industry to a standstill. Share the Wealth of Knowledge! Please share this market update with family, friends, or colleagues. If you would like us to add them to our list, simply click on the "Forward email" link below. We love being introduced! Insert your broker/dealer disclosures here. i.e. Securities offered through “Your B/D Name Here,” Member FINRA/SIPC. Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. The Standard & Poor's 500 (S&P 500) is an unmanaged group of securities considered to be representative of the stock market in general. The Dow Jones Industrial Average is a price-weighted average of 30 significant stocks traded on the New York Stock Exchange and the Nasdaq. The DJIA was invented by Charles Dow back in 1896. The MSCI EAFE Index was created by Morgan Stanley Capital International (MSCI) that serves as a benchmark of the performance in major international equity markets as represented by 21 major MSCI indexes from Europe, Australia and Southeast Asia. The 10-year Treasury Note represents debt owed by the United States Treasury to the public. Since the U.S. Government is seen as a risk-free borrower, investors use the 10-year Treasury Note as a benchmark for the long-term bond market. The Nikkei is an Index of 225 leading stocks traded on the Tokyo Stock Exchange. Google Finance is the source for any reference to the performance of an index between two specific periods. Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance. Past performance does not guarantee future results. You cannot invest directly in an index. Consult your financial professional before making any investment decision. Fixed income investments are subject to various risks including changes in interest rates, credit quality, inflation risk, market valuations, prepayments, corporate events, tax ramifications and other factors. These are the views of Platinum Advisor Marketing Strategies, LLC, and not necessarily those of the named representative or named Broker dealer, and should not be construed as investment advice. Neither the named representative nor the named Broker dealer gives tax or legal advice. All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy. Please consult your financial advisor for further information. By clicking on these links, you will leave our server as they are located on another server. We have not independently verified the information available through this link. The link is provided to you as a matter of interest. Please click on the links below to leave and proceed to the selected site.

March came in like a lamb, and is leaving like a Bull by Ken Mahoney

2010-03-29T11:17:00.003-04:00

March came in like a lamb, and is leaving like a Bull by Ken Mahoney

The bulls charged again last week, marking the 4th week of gains in a row for U.S. stock markets, and the longest streak of weekly wins since August. The winning run came even as daily gains largely dissolved on Thursday and Friday amidst continued jitters about a bailout plan for Greece and rising U.S Treasury yields which have highlighted concerns that the federal government is digging itself into a deep deficit hole.

In early trading on Thursday, the Dow flirted with 11,000 when it hit 10,995 – a new high for the bull market that began in March 2009 – but quickly retreated in a dramatic reversal when the day only closed with a 5 point gain. According to the standard definition, this is known as a “key reversal day” which generally has bearish implications for the stock market. At the same time though, signs of an impending bear market are negligible. Said Richard Bernstein, head of Richard Bernstein Capital Management, "To have a bear market, there are certain things you'd see: profitability start to slow, fiscal restraint. That's not really happening.

Profitability is ramping up and monetary policy is accommodative." Investors in general also feel optimistic about the future of the U.S. markets. Ned Davis Research reported on Wednesday that their so-called "Crowd Sentiment Poll," which is a composite of a number of separate sentiment indicators, has just risen into the "Extreme Optimism" zone. It’s good to see that some of the market’s skeptics are finally putting a portion of their sidelined cash reserves back to work.

In spite of mixed news, the markets have experienced wonderful momentum lately. With only 3 trading days remaining, it looks as if the first quarter of 2010 will be fondly remembered by the history books.

Key things we’ll be watching this week:

Tuesday – S&P/Case-Shiller Home Price Index, Consumer Confidence Wednesday – Factory Orders Thursday – Initial Jobless Claims, ISM Manufacturing Index, Construction Spending Friday – Stock Market Closed for Good Friday

HIGHLIGHTS: With projections of millions of foreclosures over the next five years, the Obama administration announced Friday it would make major adjustments to its $75 billion mortgage-modification program, aimed at assisting a greater number of unemployed and other troubled homeowners in modifying or refinancing their mortgages.

Regarding health reform: If your earned or investment income exceeds $200,000: In about two years, the Medicare payroll tax will rise nearly 1 percentage point to 2.35% on wages of individuals with earnings greater than $200,000 and married couples earning more than $250,000. A new 3.8% Medicare tax will be levied on investment income including interest, dividends and capital gains that exceed those thresholds.

Regarding health reform: If you itemize deductions for income tax: Starting in 2013, medical expenses have to reach 10% of your adjusted gross income to qualify for a tax deduction, as opposed to today's 7.5% standard. But seniors age 65 and older would be able to claim an itemized deduction at 7.5% of income through 2016. Congress passed a bill Thursday to make Washington the one-stop shop for cheap student loans and to boost need-based scholarships. Starting July 1, nearly all federally backed student loans, like Stafford loans, will come directly from the federal government.

Sources: Marketwatch The Wall Street Journal Online http://www.marketwatch.com/story/what-health-reform-means-for-you-2010-03-22 http://www.marketwatch.com/story/white-house-to-expand-mortgage-relief-program-2010-03-26 http://money.cnn.com/2010/03/25/news/economy/student_loans_senate/index.htm The Standard & Poor's 500 (S&P 500) is an unmanaged group of securities considered to be representative of the stock market in general. The Dow Jones Industrial Average is a price-weighted average of 30 significant stocks traded on the New York Stock Exchange and the Nasdaq. The DJIA was invented by Charles Dow back in 1896. The MSCI EAFE Index was created by Morgan Stanley Capital International (MSCI) that serves as a benchmark of the performance in major international equity markets as represented by 21 major MSCI indexes from Europe, Australia and Southeast Asia. The 10-year Treasury Note represents debt owed by the United States Treasury to the public. Since the U.S. Government is seen as a risk-free borrower, investors use the 10-year Treasury Note as a benchmark for the long-term bond market. Google Finance is the source for any reference to the performance of an index between two specific periods. Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance. Past performance does not guarantee future results. You cannot invest directly in an index. Consult your financial professional before making any investment decision.

March came in like a lamb, and is leaving like a Bull by Ken Mahoney

2010-03-29T11:14:00.001-04:00

March came in like a lamb, and is leaving like a Bull by Ken Mahoney The bulls charged again last week, marking the 4th week of gains in a row for U.S. stock markets, and the longest streak of weekly wins since August. The winning run came even as daily gains largely dissolved on Thursday and Friday amidst continued jitters about a bailout plan for Greece and rising U.S Treasury yields which have highlighted concerns that the federal government is digging itself into a deep deficit hole. In early trading on Thursday, the Dow flirted with 11,000 when it hit 10,995 – a new high for the bull market that began in March 2009 – but quickly retreated in a dramatic reversal when the day only closed with a 5 point gain. According to the standard definition, this is known as a “key reversal day” which generally has bearish implications for the stock market. At the same time though, signs of an impending bear market are negligible. Said Richard Bernstein, head of Richard Bernstein Capital Management, "To have a bear market, there are certain things you'd see: profitability start to slow, fiscal restraint. That's not really happening. Profitability is ramping up and monetary policy is accommodative." Investors in general also feel optimistic about the future of the U.S. markets. Ned Davis Research reported on Wednesday that their so-called "Crowd Sentiment Poll," which is a composite of a number of separate sentiment indicators, has just risen into the "Extreme Optimism" zone. It’s good to see that some of the market’s skeptics are finally putting a portion of their sidelined cash reserves back to work. In spite of mixed news, the markets have experienced wonderful momentum lately. With only 3 trading days remaining, it looks as if the first quarter of 2010 will be fondly remembered by the history books. Key things we’ll be watching this week: Tuesday – S&P/Case-Shiller Home Price Index, Consumer Confidence Wednesday – Factory Orders Thursday – Initial Jobless Claims, ISM Manufacturing Index, Construction Spending Friday – Stock Market Closed for Good Friday HIGHLIGHTS: With projections of millions of foreclosures over the next five years, the Obama administration announced Friday it would make major adjustments to its $75 billion mortgage-modification program, aimed at assisting a greater number of unemployed and other troubled homeowners in modifying or refinancing their mortgages. Regarding health reform: If your earned or investment income exceeds $200,000: In about two years, the Medicare payroll tax will rise nearly 1 percentage point to 2.35% on wages of individuals with earnings greater than $200,000 and married couples earning more than $250,000. A new 3.8% Medicare tax will be levied on investment income including interest, dividends and capital gains that exceed those thresholds. Regarding health reform: If you itemize deductions for income tax: Starting in 2013, medical expenses have to reach 10% of your adjusted gross income to qualify for a tax deduction, as opposed to today's 7.5% standard. But seniors age 65 and older would be able to claim an itemized deduction at 7.5% of income through 2016. Congress passed a bill Thursday to make Washington the one-stop shop for cheap student loans and to boost need-based scholarships. Starting July 1, nearly all federally backed student loans, like Stafford loans, will come directly from the federal government. Sources: Marketwatch The Wall Street Journal Online http://www.marketwatch.com/story/what-health-reform-means-for-you-2010-03-22 http://www.marketwatch.com/story/white-house-to-expand-mortgage-relief-program-2010-03-26 http://money.cnn.com/2010/03/25/news/economy/student_loans_senate/index.htm The Standard & Poor's 500 (S&P 500) is an unmanaged group of securities considered to be representative of the stock market in general. The Dow Jones Industrial Average is a price-weighted average of 30 significant stocks traded on the New York Stock Exchange and the Nasdaq. The DJIA was invented by Charles Dow back in 1896. The MSCI EAFE Index was created by Morgan Stanley Capital International (MSCI) that serves as a benchmark of the performance in major international equity markets as represented by 21 major MSCI indexes from Europe, Australia and Southeast Asia. The 10-year Treasury Note represents debt owed by the United States Treasury to the public. Since the U.S. Government is seen as a risk-free borrower, investors use the 10-year Treasury Note as a benchmark for the long-term bond market. Google Finance is the source for any reference to the performance of an index between two specific periods. Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance. Past performance does not guarantee future results. You cannot invest directly in an index. Consult your financial professional before making any investment decision.

MTA CHAIRMAN TO SPEAK (AND LISTEN) IN ROCKLAND TUESDAY

2009-11-30T09:36:00.001-05:00

MTA CHAIRMAN TO SPEAK (AND LISTEN) IN ROCKLAND TUESDAY

The Metropolitan Transportation Authority’s new chairman is coming to Rockland next week – to get an earful from the public. Jay Walder will appear Tuesday at a noon-time luncheon at the Rockland Country Club in Sparkill. It’s part of what’s being called a “listening tour” by Walder of the four counties that share a single vote on the MTA Board. What he’s likely to hear MOST are complaints about the recently-imposed Payroll Mobility Tax, a fee that will cost employers in the MTA region millions of dollars a year. The public is invited to Tuesday’s luncheon by reservation only, through the Rockland Business Association, the event co-sponsor.

UNEMPLOYMENT DOWN SLIGHTLY IN REGION

2009-11-23T11:36:00.001-05:00

UNEMPLOYMENT DOWN SLIGHTLY IN REGION

New figures show October’s unemployment rate in the lower Hudson region including Rockland came in at seven-point-one percent. That’s well below the 10.2% national rate – and slightly below the region’s September rate – but it’s still well above last October’s 5% unemployment rate regionally.

HEARING ON PROPOSED HOSPICE SLATED FOR NEXT TUESDAY IN NEW CITY

2009-11-19T09:33:00.001-05:00

HEARING ON PROPOSED HOSPICE SLATED FOR NEXT TUESDAY IN NEW CITY

Rockland County’s first hospice home may be coming soon. A public hearing is scheduled next Tuesday on United Hospice of Rockland’s request for a special permit to operate a home in New City. The hearing, at Clarkstown Town Hall, is the latest chapter in a five-year quest by United Hospice to bring Rockland a facility to care for terminally-ill patients in their final days. As it stands, the area’s closest hospice facilities are in Orange County and the Bronx

HIGH FORECLOSURE RATE SLAMS LOWER HUDSON REGION

2009-11-16T19:48:00.000-05:00

HIGH FORECLOSURE RATE SLAMS LOWER HUDSON REGION

The region continues to be hit hard by economic woes, including unemployment and the resultant loss of homes. Monthly figures cited by The Journal News show a more-than two-fold year-to-year increase in initial foreclosure filings across the lower Hudson Valley. That includes an increase in Rockland from 94 filings in October, 2008, to 177 filings last month. The October increase in Westchester was even steeper, from 96 foreclosure filings in 2008 to 320 filings in 2009.

T-Z REBUILD WORKSHOP TODAY AT PALISADES CENTER

2009-11-12T14:51:00.000-05:00

T-Z REBUILD WORKSHOP TODAY AT PALISADES CENTER

Rockland and Westchester residents get another official look today at what’s in store locally when the Tappan Zee Bridge is replaced. The second of five community workshop on the bridge project is slated for 6 p.m. at the Palisades Mall’s Adler Community Room. The session will focus on Clarkstown – specifically, on how new mass transit options – via Thruway and railway -- would affect the town. The first workshop, focusing on Ramapo, was held two nights ago. The next one, focusing on Orangetown, is slated for next Wednesday, the 18th, at Nyack High School. The estimated five-year, $16-billion project could start as early as 2013. It calls for the addition of new, and as yet unfinalized, commuter bus and rail links across the new bridge.

COUNTY REVIEWING FAILURE TO SEND PRE-PAYMENT TAX NOTICES

2009-11-10T07:25:00.001-05:00

COUNTY REVIEWING FAILURE TO SEND PRE-PAYMENT TAX NOTICES

Rockland officials are looking to find out why notices were not sent to home-owners last month, reminding them that their quarterly taxes were due. Scores of taxpayers confronted county officials Friday, after receiving late notices informing them they now were tax delinquents facing penalties. County Executive Scott Vanderhoef acknowledges the failure to send early reminders is a break from tradition – although the county is not required to do so. County Legislative Chairwoman Harriet Cornell promises the legislature will take whatever action it can – and legislative approval is necessary -- to have the penalties waived where appropriate.

ELECTION DAY BIG FOR ROCKLAND INCUMBENTS

2009-11-04T12:15:00.001-05:00

ELECTION DAY BIG FOR ROCKLAND INCUMBENTS

Incumbents have been swept back into office throughout Rockland. Voters gave Republican Scott Vanderhoef the fifth term he sought as County Executive. Ramapo’s Christopher St. Lawrence, Clarkstown’s Alex Gromack, and Haverstraw’s Howard Phillips – all Democrats -- were returned as Town Supervisor.

COUNTY EXECUTIVE RACE TOPS ELECTION DAY RUNDOWN

2009-11-03T17:33:00.000-05:00

COUNTY EXECUTIVE RACE TOPS ELECTION DAY RUNDOWN

Polls are open until 9 p.m. throughout Rockland, with more than 40 races to be settled on this Election Day. The key race county-wide pits incumbent County Executive.Scott Vanderhoef against Orangetown Supervisor Thom Kleiner. County Clerk Paul Piperato runs unopposed for re-election. Giovanni Scaringi takes on incumbent Robert Jackson in the only county legislator’s race -- that of the 14th district, in Clarkstown.

Two town supervisors are running unopposed in Rockland – Clarkstown’s Alex Gromack and Haverstraw’s Howard Phillips. Ramapo’s incumbent supervisor, Chris St. Lawrence, is challenged by Spring Valley village attorney Bruce Levine. Suzanne Barclay and Paul Whelan are vying for the Orangetown supervisor’s seat being vacated by Kleiner. And in Stony Point, William Sherwood and Peter Muller are vying to succeed incumbent supervisor Phil Marino, who’s not running.

As for the villages, there are three key mayors’ races. Noramie Jasmin, Allan Thompson, and Jacques Michel are up for the seat being vacated by incumbent mayor George Darden. Richard Kavesh and Denise Hogan square off for Nyack Supervisor. And in Suffern, Dagan LaCorte takes on James Giannettino, with incumbent mayor John Keegan on the ballot but not actively seeking re-election. Finally, Christoph Sanders runs unopposed for mayor in Piermont.

State of Rockland’s Economy

2009-10-28T11:03:00.002-04:00

State of Rockland’s Economy

By Ken Mahoney

Like the rest of the country, Rockland County has been affected by the major recession and housing market collapse. Unemployment has increased from a December 2006 low of 3.2% to 7.4% in June and July of 2009. As of August the official tally had decreased to 7.3%, but challenges remain across New York as sales and income tax receipts are down. In Rockland sales tax receipts are down over 3% and money brought in from mortgage taxes has decreased as well.

The unemployment figures in Rockland are slightly higher than the recession in the early 1990’s and two percentage points higher than the downturn earlier in this decade. Nationally the unemployment rate is above 9%, the highest since the recession of the early 1980’s. New York State’s overall tax receipts are down 7.7% from last year as of September according to the state’s Department of Taxation and Finance. That is $516 million less than last year. The dip in revenue is the worst since the aftermath of the 9/11 terrorist attack. In Rockland, sales tax receipts are down 3.8%.

In response to the financial problems, the Governor of New York has proposed over $4 billion in spending cuts. County Executive C. Scott Vanderhoef proposed a 2010 budget with a 1% increase in spending and a 4% increase in County property taxes. Vanderhoef also said he’s responded to the weak economy by cutting $10 million in County salaries through early retirement buyouts. He has eliminated about 200 positions, he said.

The collapse of the housing market has caused a drastic decline in prices and a shift in strengths in the marketplace. The number of homes being sold has plummeted along with the price. According to the Greater Hudson Valley Multiple Listing Service the housing market in Rockland is still in decline at the moment. There were 248 new listings in September, at an average price of $559,102. That’s 10.6% less than new listings last September.

Below, compare prices homes were being sold in 2005 to 2008. In 2005 GHVMLS reported that

230 homes were sold in Rockland for over $750k 653 from $500 to 749k 557 from $400 to 499k 174 from $350 to 399k 94 from $300 to 349k

In 2008 GHVMLS reported that

102 homes sold in Rockland for over $750k 348 from $500 to 749k 392 from $400 to 499k 175 from $350 tp $399k 81 from $300 to $349k

There has even been a resurfacing of a few homes that have sold below $100k, something that hasn’t been seen since the early part of the decade. While in light of the rapid collapse of the market it may seem like prices are low, keep in mind that in 2001 the vast majority of homes in Rockland were being sold between $200 and $400k. GHVMLS reported that the rapid decline in the market has abated some and it is possible a bottom will be reached in the coming year. While some experts like Federal Reserve Chairman Ben Bernanke believe the economy will recover in the coming months, it is worth remembering Mr. Bernanke and most others did not accurately forecast the current recession in the first place. Hang on tight; we are sure to see a positive change in trends as long as we continue to persevere.

COUNTY SCHOOLS FACE $10-MILLION IN STATE CUTS

2009-10-22T09:03:00.001-04:00

COUNTY SCHOOLS FACE $10-MILLION IN STATE CUTS

Rockland County school districts stand to lose more than $10,000,000 in state funding under Governor David Paterson’s proposed budget cuts. That’s according to Our Town newspaper in a report in today’s edition. Among those who’ll vote on the cutbacks is State Senator Thomas Morahan. He told us this morning he thinks there are ways to trim the budget without short-changing local school districts. But he said districts in Rockland and throughout the state should be looking for ways to keep their own spending down. State legislators are likely to be called back to Albany next week to vote on the budget cuts.

BAIL SET FOR WOMAN IN STOCK FRAUD CASE

2009-10-20T10:59:00.001-04:00

BAIL SET FOR WOMAN IN STOCK FRAUD CASE

Bail has been set at $100,000 for a former New City woman accused in a multi-million-dollar stock fraud scheme with her husband. Sixty-two year-old Karen Lampert was arraigned yesterday in State Supreme Court here in Rockland. Her husband, 59-year-old Steven Lampert, is in jail in California. That’s where the couple has been living since leaving Rockland eight months ago. Police say the Lamperts left the county after selling friends and acquaintances more than $3,000,000 in bogus stocks. They’re both charged with grand larceny.

ORANGETOWN BUDGET SEES 4.5% TAX HIKE

2009-10-16T15:46:00.002-04:00

ORANGETOWN BUDGET SEES 4.5% TAX HIKE

Orangetown residents will get a 4.5% tax increase if the town’s proposed 2010 budget is approved. Supervisor Thom Kleiner says the $2.9-million increase is necessary to meet contractual agreements with town police and civil service employees. Otherwise, Kleiner says, the budget aims for a zero-percent increase in discretionary spending. Kleiner won’t be in his current office when the budget takes effect. He’s stepping down as supervisor to make his bid for County Executive.

P-S-C GIVES O&R THE O.K. ON RATE-HIKE by Ken Mahoney

2009-10-16T15:44:00.000-04:00

P-S-C GIVES O&R THE O.K. ON RATE-HIKE by Ken Mahoney

Orange and Rockland bills will rise an average of about three dollars a month, starting November first. The state Public Service Commission has approved the utility’s request for a rate increase on natural gas delivery. That three-dollar-a-month increase represents only the first year of the package. Two more annual increments will bring the overall increase to more than ten dollars a month for the average user by November of 2011.

COUNTY GETS MORE FLU VACCINE, SCHEDULES FRIDAY CLINIC by Ken Mahoney

2009-10-15T21:52:00.001-04:00

COUNTY GETS MORE FLU VACCINE, SCHEDULES FRIDAY CLINIC by Ken Mahoney

A new shipment of seasonal flu vaccine has arrived in Rockland. And the County Health Department is re-opening its flu-shot PROGRAM, at least for a day. Officials say the shots will be available at the Yeager Health Center in Pomona tomorrow from 1 to 4 p.m. And they say MORE vaccine is on the way by early November. The shots are available free to seniors over 60, and for a $25 charge to all others. The county suspended much of its flu-shot schedule when the initial supply of vaccine all-but ran out last week.

CUOMO, IN ROCKLAND, TOUTS PENSION REFORM BILL by Ken Mahoney

2009-10-15T21:51:00.001-04:00

CUOMO, IN ROCKLAND, TOUTS PENSION REFORM BILL by Ken Mahoney

New York’s Attorney General, Andrew Cuomo, came to Rockland yesterday to promote a state pension reform bill. Speaking to reporters at Ramapo Town Hall, Cuomo said the measure would protect both the dwindling pension fund and the state’s taxpayers. The bill would, among other things, increase the number of fund overseers from the current one trustee to a 13-member board of financial advisors. And it would ban political contributors to the State Comptroller from doing business with the Comptroller’s office. Cuomo is viewed as a potential front-runner among Democrats expected to seek the party’s nod for Governor next year

COUNTY EXEC CANDIDATES IN DEBATE TONIGHT

2009-10-08T11:35:00.001-04:00

COUNTY EXEC CANDIDATES IN DEBATE TONIGHT

Rockland development and resulting environmental issues are the focus of debate tonight for the County Executive candidates. Incumbent Scott Vanderhoef and Orangetown Supervisor Thom Kleiner will square off at 8 p.m. at the Clarkstown Town Hall in New City. The debate is sponsored by the Rockland Coalition for Sustainable Water. One hot-button issue likely to come up: United Water’s proposed Hudson River Desalination plant.

COUNTY EXEC CANDIDATES TO DEBATE TODAY AND THURSDAY

2009-10-05T12:51:00.001-04:00

COUNTY EXEC CANDIDATES TO DEBATE TODAY AND THURSDAY

The county executive candidates will debate the issues today in New City. The debate, between incumbent Scott Vanderhoef and Orangetown Supervisor Thom Kleiner, is set for 6:30 p.m. at Gracepoint Gospel Fellowship on New Hempstead Road. The two will meet again this week – Thursday night at Clarkstown Town Hall – to debate environmental issues facing Rockland County.

KNOW YOUR OPTIONS by Michael A. Starvaggi, Esq

2009-10-04T20:45:00.003-04:00

KNOW YOUR OPTIONS Michael A. Starvaggi, Esq.

Recently, one of my clients asked me to draft a lease for a commercial building. He told me that, although his objective had been to sell the building, the proposed tenant did not have money for a down payment and did not want to commit to a purchase at the time. The solution, he said, was that they would enter into a five year lease “with an option.” When I asked him for more details he said that the tenant would have a “right of first refusal” during the lease term, using the phrase interchangeably with “option.”

This scenario highlights several pitfalls for parties who negotiate the terms of their leases carelessly or without legal counsel. Rights of first refusal (“ROFRs”) and options are very different devices and both should be approached with precision and caution. It is crucial that landlords and tenants understand the difference between the two.

In order to distinguish one from the other, we need look no further than the names of the two devices. A ROFR is just what it says, the right of a tenant to match an offer to purchase the property which is made by a third party. An option is a unilateral right of the tenant to purchase the property (with or without pre-determined terms such as price) that is exercisable by the tenant during a specified period.

An ROFR allows the landlord to keep the property on the market, with the caveat that any offers made by third parties may be matched by the tenant. This seems harmless enough until you consider the fact that bidders are loathe to go through the time and effort of investigating a property and negotiating a purchase price, when someone else has the legal right to step in at the end and take the property on the same terms. Failing to disclose the existence of the ROFR to the bidder is a dangerous and unethical practice that would expose the landlord to liability from the bidder and the tenant.

By contrast to the ROFR, an option is the singular right of the tenant to purchase the property to the exclusion of anyone and everyone else for a defined period of time. Furthermore, it is a “one way street” in that it gives the tenant an exercisable right but includes no corresponding right of the landlord to compel the tenant to buy. Thus, when there is an existing option on the premises, it should not be held out for sale because the landlord is not free to convey title to anyone other than the tenant during the option period.

Once the devices are understood, landlords and tenants must keep in mind that renting with an option or a ROFR is not a logical alternative to selling. In fact, under common practice, where the negotiated rent is at market value and the other lease terms are equitable between the parties, options and ROFRs are typically not given. This is because there is no extra consideration being given by the tenant to support the additional rights that an option or a ROFR entail. This is a key concept to grasp. Options and ROFRs are additional rights that benefit the tenant only. Thus, if there is no extra consideration paid by the tenant for one of these rights, there is no logical reason to include them just because it is contemplated that the tenant may one day wish to buy the building. The tenant, like anyone else, is always free to make an offer of purchase, and parties should avoid the temptation to “throw in” an option or a ROFR for the mere purpose of memorializing a discussion about the tenant buying the building some day.

In conclusion, remember that both the ROFR and the option are powerful legal devices that convey specific, and different, rights. If you truly intend to include one or the other in your lease negotiation, be clear about which one you intend. Once that decision is made, there are many drafting considerations to be addressed regarding exactly how either right can be exercised. The failure to clearly spell out these details is an invitation to litigation.

Leases are important instruments. And leases with options or ROFRs are all the more complex. You are encouraged to always seek the advice of counsel when negotiating and drafting a lease.

By: Michael A. Starvaggi, Esq. Starvaggi Law Offices, P.C. Phone: (845) 589-9456 mstarvaggi@starlawpc.com

FUNDING EYED FOR T-Z BRIDGE REPLACEMENT PROJECT

2009-09-30T21:30:00.001-04:00

FUNDING EYED FOR T-Z BRIDGE REPLACEMENT PROJECT County, state and federal officials met at Rockland Community College yesterday with an eye on the Tappan Zee Bridge – specifically, on how to fund the long-awaited bridge-replacement project. The proposed $16-billion project would include a new and larger bridge with commuter bus and rail service provided. A federal transportation official promised those at yesterday’s summit that Washington will squeeze out every penny it can for the project. But others, including Orangetown Supervisor Thom Kleiner – who’s running for County Executive – warned that the funds necessary to complete the project as envisioned might take longer to find than expected.

COUNTY EXECUTIVE DEBATE ON ENVIRONMENT SLATED NEXT WEEK by Ken Mahoney

2009-09-29T14:48:00.001-04:00

COUNTY EXECUTIVE DEBATE ON ENVIRONMENT SLATED NEXT WEEK by Ken Mahoney The county executive candidates will debate environmental issues next week. The debate – between incumbent Scott Vanderhoef and his challenger, Orangetown Supervisor Thom Kleiner -- is slated for Thursday, October 8th, at Clarkstown Town Hall. The Rockland Coalition for Sustainable Water, sponsoring the event, says the debate will cover, among other things, flooding, land use, and United Water’s proposed desalination plant.

Steve Powell Marketing Seminar tomorrow

2009-09-29T10:35:00.001-04:00

-------------------------------------------------------------------------------- Is your business struggling under the current economic climate? Are you expanding and unsure how to make the transition? Are you launching a new company? You'll leave these sessions with practical, cost-efficient plans for improving the effectiveness of your marketing efforts! An in-depth discussion of seven topics with one half-day's investment! Full Agenda: -------------------------------------------------------------------------------- Your Unique Message – Finding Your Core Identity You may know your product or service, but are you sure you know why they're buying? Every business needs to know who they are and what they really sell. Do you? -------------------------------------------------------------------------------- Branding – Dressing Your Business for Success "I've got a logo, what more do I need?" From colors & type families to tag lines and materials. Branding's impact on every sales effort you'll make is so great, that it's fair to say this is one of the most important marketing decisions you'll ever make. -------------------------------------------------------------------------------- Media Advertising – What's the Big Idea? Package your sales message in a way that will demand their attention, give them something to remember, address their needs and call them to action. Get the most bang for the least ding to your wallet through tried and true media techniques. -------------------------------------------------------------------------------- Public Relations – Making News With the right efforts and processes every business can gain access to free publicity through the media. Creating ‘news' and gaining free media exposure isn't just for the ‘big guys'. Are you getting your fair share? -------------------------------------------------------------------------------- Web Sites – The World Wide Web of Confusion Building and maintaining your company's office/store front. What to expect (and not expect) from your web site. -------------------------------------------------------------------------------- Internet Marketing – Should you be a social butterfly? The search engines have taken over the world. What do they want from you and how can you put them to work for your business. Plus: Getting ‘social' on the web; blogs, Twitter, LinkedIn. Are they right for you? Yes! Register Me Now. Just the Facts: -------------------------------------------------------------------------------- 8:00–9:00 AM (plus Q&A) · Your Unique Message – Finding Your Core Identity · Branding – Dressing Your Business for Success -------------------------------------------------------------------------------- 9:15–10:15 AM (plus Q&A) · Media Advertising – What's the Big Idea? · Public Relations - Making News -------------------------------------------------------------------------------- 10:30AM–11:30 PM (plus Q&A) · Web Sites – The World Wide Web of Confusion · Internet Marketing – Should you be a social butterfly? -------------------------------------------------------------------------------- Bonus Session! 12:00 – 1:00 PM · Trade Shows – EXPOsing Yourself to the World! -------------------------------------------------------------------------------- Event Location: Hilton Garden Inn 270 West Route 59 Nanuet, NY 10954 (845) 623.0600 Registration includes: Seminar Materials and excercise worksheets, Free Consultation after Session(s) and continental breakfast -------------------------------------------------------------------------------- Time: 8:00am to 1:00 pm Date: September 15, 2009 Price: One Session: $25.00 Price: Two or more: $40.00 Advance registration required at: www.c8group.net/mbd Bonus! FREE to all registered expo exhibitors! Trade Shows – EXPOsing Yourself to the World! You're making the big effort to put yourself out there, so do it right. Tips & Techniques for getting the most from your trade show investment. Exhibit suggestions and advice for cost-effective selling solutions that work! Yes! Register Me Now. Seminar Leader: During his 25-plus year career, Steve has created award winning sales promotions for General Mills, Dunkin' Donuts and Kraft Foods, overseen marketing and creative for national newsstand magazines, developed highly profitable sales portals for leading catalog companies and helped a NY science museum raise funds for its expansion. Since 2001, he has helped scores of local, regional and national businesses brand themselves for increased profits and success through his company, C8 Marketing Group. Based on his long-running talk-radio show, Steve takes audiences through the 'ins' and 'outs' of marketing and advertising. He clearly explains the basics of branding, sales and targeted marketing with clarity and humor, supplying real-world examples and detailed handouts to illustrate his points. Steven Powell President | Chief Creative, C8 Marketing Group Co-publisher | Chief Creative, Rockland Business Digest Host of Hudson Valley's weekly talk-radio show, Marketing By Design Member: Rockland Business Association Mahwah Regional Chamber of Commerce Seminar presented by: C8 Marketing Group 148 North Main Street | Florida, NY 10921 To Register: telephone: 845.651.1650 | web site: www.c8group.net/mbd Or, click this link | Yes, Register Me Now! Forward email This email was sent to fmonam@aol.com by spowell@c8group.net. Update Profile/Email Address | Instant removal with SafeUnsubscribe™ | Privacy Policy. Email Marketing by Co-oper8 Marketing Group | 148 North Main Street | Florida | NY | 10921

T-Z BRIDGE SUMMIT SCHEDULED SEPT. 29TH

2009-09-18T12:15:00.000-04:00

T-Z BRIDGE SUMMIT SCHEDULED SEPT. 29TH State and local officials will gather in Rockland later this month to discuss possible funding efforts for the Tappan Zee replacement project. The $16-billion project – one of the nation’s largest – would not only replace the aging structure with a new bridge, but add a mass-transit link between Rockland and Westchester counties. The summit, called by county legislative chairwoman Harriet Cornell, is slated for September 29th at Rockland Community College. Organizers say a limited number of seats will be available for residents to sit in on the discussions.

COUNTY EXEC DEBATE ON DEVELOPMENT AND ENVIRONMENT SET FOR OCTOBER by Ken Mahoney

2009-09-09T12:07:00.001-04:00

COUNTY EXEC DEBATE ON DEVELOPMENT AND ENVIRONMENT SET FOR OCTOBER by Ken Mahoney Candidates for County Executive will debate economic development issues before the public next month. The debate, sponsored by the Rockland Coalition for Sustainable Water, is scheduled for October 8th at Clarkstown Town Hall. Incumbent Scott Vanderhoef and his opponent, Orangetown Supervisor Thom Kleiner, will share their views on economic growth in Rockland and how it will affect such things as water resources, flooding, and zoning regulations. A main focus of the event is the whether the proposed Hudson River desalination plant will be necessary.

ROCKLAND CONGRESSMEN REPORTED PLANNING PUBLIC FORUMS ON HEALTH-CARE PLAN by Ken Mahoney

2009-08-17T13:27:00.001-04:00

ROCKLAND CONGRESSMEN REPORTED PLANNING PUBLIC FORUMS ON HEALTH-CARE PLAN by Ken Mahoney Meanwhile, plans reportedly are under way by Rockland’s three Democratic congressmen to hold public forums on the health care plan. Spokesmen for Nita Lowey and Elliot Engel say both representatives plan to hold sessions sometime later this month, times and places to be determined. And it’s reported that Congressman John Hall will meet with the public on four as-yet unspecified dates. Town Hall meetings and other public forums on health care around the country have drawn loud and angry criticism of the Obama plan. Several Rockland residents have complained that telephone conference calls set up by Lowey and others don’t give the public at large a real voice in the health-care debate.

VANDERHOEF SEEKS EXTENSION OF COUNTY’S EARLY-RETIREMENT PLAN

2009-08-15T21:54:00.001-04:00

VANDERHOEF SEEKS EXTENSION OF COUNTY’S EARLY-RETIREMENT PLAN County Executive Scott Vanderhoef says he hopes another 50 to 75 county employees will sign up for early retirement. That would be in addition to the 112 who already have taken the county up on its buyout offer. County officials said yesterday the program’s first-year savings in salaries and benefits should be about $6,000,000. Vanderhoef acknowledged that the county workforce of just under 27-hundred employees is now at its lowest level in 25 years. But he insisted the county is still managing to provide residents with necessary services.

Rockland Business Digest magazine presents the first of its business seminars:

2009-08-13T15:19:00.002-04:00

Rockland Business Digest magazine presents the first of its business seminars: by Steve Powell

Marketing By Design Stand Out From the Crowd and Get Your Business Noticed!

Struggling under the current economic climate and wondering what to do? Expanding and unsure how to make the transition? Launching a new company?

Four seminars in one half-day commitment! Valuable branding, sales and marketing techniques that can be put to immediate use! Real-world marketing guidance that can make a significant impact on your bottom line!

Seminar Leader: Steven Powell, Seminar Leader and host of Hudson Valley’s long-running talk-radio show

President & Chief Creative, C8 Marketing Group || Co-publisher, Rockland Business Digest magazine.

During his 25-plus year career, Steven Powell has created award winning sales promotions for General Mills, Dunkin' Donuts and Kraft Foods, overseen marketing and creative for national newsstand magazines, developed highly profitable sales portals for leading catalog companies and helped a NY science museum raise funds for its expansion. Since 2001, he has helped scores of local, regional and national businesses brand themselves for increased profits and success through the C8 Group.

Focusing on the "why" as much as the "how," Steve's memorable presentations take audiences through the ins and outs of branding, targeted marketing. He clearly explains the basics of branding and marketing with clarity and humor, supplying real-world examples and detailed handouts to illustrate his points.

Seminar Agendas:

Session One: 60 minutes + Q&A / Group Discussion Your Unique Message – Finding Your Core Identity Every business needs to know who they are and what they really sell. You may know your product or service, but are you sure you know what they’re buying? Are you telling them so?

Branding – Dressing Your Business for Success "I've got a logo, what more do I need?" From colors & type families to tag lines and materials. Branding’s impact on every sales effort you’ll make is so great, that it’s fair to say this is one of the most important marketing decisions you’ll ever make.

Session Two: 60 minutes + Q&A / Group Discussion Media Advertising – What’s the Big Idea? Package your sales message in a way that will demand their attention, give them something to remember, address their needs and call them to action. Get the most bang for the least ding to your wallet through tried and true media techniques.

Public Relations – Making News With the right efforts and processes every business can gain access to free publicity through the media. Creating “news” and gaining free media exposure isn’t just for the “big guys”. Are you getting your fair share?

Session Three: 60 minutes + Q&A / Group Discussion Web Sites – The World Wide Web of Confusion Everyone says you need a big, fancy web site. Maybe, maybe not. The ins and outs of building and maintaining your company’s office/store front. What to expect (and not expect) from your web site.

Internet Marketing – Should you be a social butterfly? The search engines will soon run the world. What do they want from you and how can you put them to work for your business. Plus: Getting ‘social’ on the web; blogs, Twitter, LinkedIn. Are they right for you?

Bonus! FREE to all registered RBA expo exhibitors! Trade Shows – EXPOsing Yourself to the World! In this business, impact and perception are everything. You’re making the big effort to put yourself out there, so do it right. Tips & Techniques for getting the most from your trade show investment. Exhibit suggestions and advice for cost-effective selling solutions that work!

All sessions include: – Detailed handouts outlining each section presented – Easy to use worksheets to assist you in your efforts – Q&A time after each session

Four seminars in one half-day commitment! Advance registration required at www.c8group.net/mbd

Time: 8:00am to 1:00 pm Date: September 15, 2009 Price: One Session: $25.00 Price: Two or more: $40.00

Location: Hilton Garden Inn 270 West Route 59 Nanuet, NY 10954 (845) 623.0600

VANDERHOEF: TAX CELL-PHONE USERS by Ken Mahoney

2009-08-13T10:13:00.001-04:00

VANDERHOEF: TAX CELL-PHONE USERS by Ken Mahoney County Executive Scott Vanderhoef says the increasing use of cell phones is costing Rockland hundreds of thousands of dollars a year. And he wants the county to tax cell-phone users 30 cents a month per phone to make up the difference. Land-line users already pay that tax, the revenue going to fund the county’s Emergency-911 system. If approved by the County Legislature, the cell-phone tax would add an estimated $400,000 a year to the E-911 coffers , about half the system’s yearly cost. Orangetown Supervisor Thom Kleiner, who’s hoping to unseat Vanderhoef on Election Day, told WRCR this morning he doesn’t think now is the time for any new taxes. He says the county should work instead to bring in new businesses and other revenue sources. A public hearing on the proposed cell-phone tax is set for September 16th at the county

SALES-TAX EXTENSION TO ADD $45-MILLION TO COUNTY COFFERS THIS YEAR by Ken Mahoney

2009-07-13T14:36:00.000-04:00

SALES-TAX EXTENSION TO ADD $45-MILLION TO COUNTY COFFERS THIS YEAR by Ken Mahoney

Life goes on in the counties now that the State Senate stalemate is over. Among the scores of bills passed in the aftermath was legislation allowing counties to continue collecting sales tax. Rockland County Executive Scott Vanderhoef says that will amount to some $45-million Rockland can count toward the 2010 budget. Across the river, police in Yonkers are happy the senate impasse is over. The sales-tax extension means Yonkers won’t run out of funds in the next week or so, as had been feared – and the police won’t have to work without pay.

ROCKLAND ”TEA PARTIES” DRAW SCORES OF ANTI-TAX PROTESTERS by Ken Mahoney

2009-07-06T15:12:00.000-04:00

ROCKLAND ”TEA PARTIES” DRAW SCORES OF ANTI-TAX PROTESTERS by Ken Mahoney

Anti-tax protesters were out Saturday -- for July-Fourth “tea parties” in New City and Nanuet. A hundred or more demonstrators marched outside the County Court House and at the Rt. 59-Middletown Road intersection. Their target: Obama administration policies -- from the economic stimulus plan and big-business bailouts to the proposed “cap-and-trade” energy bill – all of which the protesters say will bleed taxpayers dry.

MORAHAN PLEDGES STATE SENATE ACTION SOON by Ken Mahnoney

2009-07-02T11:50:00.000-04:00

MORAHAN PLEDGES STATE SENATE ACTION SOON by Ken Mahnoney

State Senator Thomas Morahan says the senate will get its work done this year despite the deadlock that’s brought business to a virtual halt for more than three weeks. The Rockland Republican told WRCR listeners this morning that work actually began yesterday with the passage of scores of pending bills. The votes came after a Republican senator, Frank Padavan of Queens, walked into the Senate chamber while the Democrats were holding their own, separate session. As Morahan explained, Padavan’s presence inadvertently created the quorum needed to pass legislation. Morahan also predicted that a bi-partisan agreement would come soon on a leadership plan that would break the current deadlock.

STATE SENATORS IN DAY TWO OF SPECIAL SESSION by Ken Mahoney

2009-06-25T09:11:00.000-04:00

STATE SENATORS IN DAY TWO OF SPECIAL SESSION by Ken Mahoney

It’s Day Two of the State Senate’s special summer session, and voters are hoping it’s more productive than Opening Day. Democrats and Republicans held simultaneous but separate sessions in the senate chamber yesterday. Rockland senator Thomas Morahan told WRCR this morning that each side made progress on a number of pending bills. But with the senate still deadlocked in a leadership dispute, nothing was brought before the full membership. Governor David Paterson is pressing for action on an agenda of what he considers key legislation. But, despite his power to call this special session, Paterson can’t compel the senators to vote. Meanwhile, leaders of both parties are reportedly weighing at least one proposal for a power-sharing agreement.

TAPPAN ZEE BRIDGE ON HISTORY CHANNEL TONIGHT by Ken Mahoney

2009-06-22T21:40:00.000-04:00

TAPPAN ZEE BRIDGE ON HISTORY CHANNEL TONIGHT by Ken Mahoney

The Tappan Zee Bridge will be a featured subject on the History Channel tonight. The Channel’s Modern Marvels series looks critically at parts of the nation’s infrastructure in an episode entitled “The Crumbling of America.” Among those to appear on the Tappan Zee segment is County Legislator Ed Day, a long-time advocate for structural upgrades on the half-century-old bridge. Tonight’s program airs at nine o’clock on the History Channel and re-airs Sunday at 5 p.m.

HEARING IN RAMAPO TONIGHT ON O&R RATE-HIKE BID by Ken Mahoney

2009-06-11T13:45:00.000-04:00

HEARING IN RAMAPO TONIGHT ON O&R RATE-HIKE BID by Ken Mahoney

A public hearing is set for tonight on Orange and Rockland’s proposed rate increase on gas delivery. The 8 p.m. hearing, to be televised locally, will take place at Ramapo Town Hall. At least one representative of the state Public Service Commission will be at the session to field residents’ questions – and hear their comments – on the five-and-a-half percent rate hike O&R seeks. It’s the first of two sound-off sessions in the works in Rockland. A public forum is slated for next Monday night at Orangetown Town Hall. Tonight’s hearing in Ramapo can be seen live on CableVision channel 77 and Verizon Fios channel 32.

”COUP” GIVES GOP CONTROL OF NY STATE SENATE by Ken Mahoney

2009-06-09T13:17:00.001-04:00

”COUP” GIVES GOP CONTROL OF NY STATE SENATE by Ken Mahoney

Republicans have regained control of the State Senate, thanks to a coup, of sorts, that involved two Democrats. The takeover came late in yesterday’s session, when Republicans called a surprise vote to re-organize the Senate leadership. The two dissident Democrats -- Pedro Espada of the Bronx and Hiram Monserrate of Queens – gave the Republicans an effective majority of 32-to-30. The vote topples Malcolm Smith as majority leader and Senate President, replacing him in the latter role with Espada. Long Island Republican Dean Skelos takes over as Majority Leader. He says the coup had been in the works, secretly, for about two months. It comes with two weeks left in the legislative session and a number of controversial bills, including one to legalize same-sex marriage, still on the table. Democrats, including Smith and Governor David Paterson, say they’ll challenge the Republican takeover, but it’s not clear if they have grounds to do it.

GROUND BROKEN FOR NJ-NYC COMMUTER RAIL TUNNEL by Ken Mahoney

2009-06-08T13:05:00.001-04:00

GROUND BROKEN FOR NJ-NYC COMMUTER RAIL TUNNEL by Ken Mahoney

Construction starts today on a new tunnel to New York City, this one between North Bergen, New Jersey and Manhattan. The commuter-rail tunnel, expected to open about eight years from now, is billed as the nation’s largest transportation project, with an $8.7-billion price-tag. By contrast, the Holland Tunnel – opened in 1927 – cost $54-million. And the Lincoln Tunnel opened ten years later at an initial construction cost of $75-million.

KLEINER GETS DEMOCRATS NOD FOR COUNTY EXECUTIVE by Ken Mahoney

2009-06-06T06:44:00.001-04:00

KLEINER GETS DEMOCRATS NOD FOR COUNTY EXECUTIVE by Ken Mahoney

The stage is all but set for this year’s County Executive election. Rockland Democrats have nominated Orangetown Supervisor Thom Kleiner to face Republican incumbent County Exec Scott Vanderhoef. Both men are running uncontested, so, unless there’s a primary upset, theirs will be the names on November’s ballot. Kliener is stepping down after his seventh term as Orangetown’s supervisor to challenge Vanderhoef, who’s in his fourth term as County Executive. Kleiner’s nomination – along with that of incumbent County Clerk Paul Piperato – came last night at the Democrats’ county convention in New City

O&R UNION: NO STRIKE SET … FOR NOW by Ken Mahoney

2009-06-03T12:33:00.000-04:00

O&R UNION: NO STRIKE SET … FOR NOW by Ken Mahoney

The clock ran out at midnight on the latest round of contract talks between Orange and Rockland and its 657 union workers. O&R spokesman Michael Donovan says the utility’s final contract offer remains on the table, and that the current contract will be extended until the dispute is resolved. IBEW Local 503 President Brian Scott tells the Journal News the union won’t strike for now, but that its members at O&R are ready to walk out at any time. O&R reportedly seeks a range of cutbacks in employee benefits. Donovan says the cutbacks are required to meet the needs of O&R’s customers, stock-holders and employees.

PSC AGREES TO HOLD PUBLIC HEARING ON O&R RATE HIKE by Ken Mahoney

2009-05-27T21:14:00.000-04:00

PSC AGREES TO HOLD PUBLIC HEARING ON O&R RATE HIKE by Ken Mahoney

Rocklanders will get a public hearing on Orange and Rockland’s proposed gas-rate increase after all. The state Public Service Commission has agreed to hold a televised session, allowing viewers to call or e-mail comments during the live cable-cast. The paper says the deal was brokered by Ramapo Supervisor Christopher St. Lawrence. He’ll host the televised session, slated for June 11 at Ramapo Town Hall. That’s four days before a scheduled public forum at Orangetown town hall called by all five Rockland town supervisors in response to the PSC’s initial decision NOT to hold public hearings on the proposed 5.4% rate-increase on gas deliveries.

NO HEARINGS SET FOR PUBLIC COMMENT ON O&R GAS-RATE HIKE by Ken Mahoney

2009-05-15T09:49:00.000-04:00

NO HEARINGS SET FOR PUBLIC COMMENT ON O&R GAS-RATE HIKE by Ken Mahoney

The state Public Service Commission is taking public comment on Orange and Rockland’s proposed rate increase for gas delivery. But this time, there won’t be the usual public hearings. The PSC says only written comments will be taken, a commission spokeswoman noting that Rocklanders “won’t have to be inconvenienced by coming in person.” It’s actually the second go-round for the proposed increase. O&R initially sought a gas-delivery hike of just under four percent, but then raised its request to nearly five and a-half percent. That rate would add close to 145-dollars to the average O-and-R customer’s yearly bill. The public has until July 30th to comment in writing to the PSC.

ECONOMIC WOES TOP CONCERN IN UPCOMING SCHOOL BOARD/BUDGET VOTES by Ken Mahoney

2009-05-13T10:05:00.000-04:00

ECONOMIC WOES TOP CONCERN IN UPCOMING SCHOOL BOARD/BUDGET VOTES by Ken Mahoney

The countdown continues with just one week left for school board elections and budget votes throughout Rockland County. Taxes and spending are especially big issues this year, as school districts face spiraling economic woes. A statewide business research group, the Public Policy Institute, says school officials are holding the line in their budget proposals. The group’s annual “School Tax Watch” report says districts are requesting an average per-pupil spending increase of just three percent, the lowest in recent years

MTA BAILOUT SET FOR PASSAGE IN ALBANY; ROCKLAND LEGISLATORS OPPOSED by Ken Mahoney

2009-05-06T21:13:00.001-04:00

MTA BAILOUT SET FOR PASSAGE IN ALBANY; ROCKLAND LEGISLATORS OPPOSED by Ken Mahoney

State legislators were set to vote today on the MTA bailout bill. Legislative leaders and Governor David Paterson reached a deal on the controversial measure yesterday – the most contentious issue being the proposed Payroll Mobility Tax. That would require employers in the MTA region, including Rockland County, would be taxed an additional 34 cents per one-hundred dollars of payroll. Both the State Senate and Assembly were expected to approve the two-and-a-quarter billion-dollar package over the objection of Rockland legislators. Both Democrat-controlled chambers are dominated numerically by legislators from New York City, which arguably benefits most from the bailout plan.

NY STATE HEALTH EMERGENCY PLAN IN EFFECT FOR SWINE FLU by Ken Mahoney

2009-04-27T13:03:00.000-04:00

NY STATE HEALTH EMERGENCY PLAN IN EFFECT FOR SWINE FLU by Ken Mahoney

New York State’s health-emergency preparedness plan is in effect, as new cases of the Swine Flu are confirmed in several states. So far, eight cases of the virus have been confirmed in New York – although they’re much milder than the ones that have left more than 100 dead in Mexico. The state preparedness plan is aimed at identifying and treating new cases quickly. New Yorkers are advised to keep our hands clean – by washing often with soap and warm water, or with alcohol-based cleaners.

COUNTY UPDATES HEALTH-WELLNESS WEBSITE by Ken Mahoney

2009-04-21T15:55:00.000-04:00

COUNTY UPDATES HEALTH-WELLNESS WEBSITE by Ken Mahoney

Rockland County is offering residents a one-stop health-and-wellness data bank. The county health department says, if you need health-related information, including educational videos, a list of upcoming family-related events, and even free classes on how to manage an illness, go to the department’s newly-updated website, www.rocklandsteps.org.

AFFORDABLE HOUSING IS TOPIC AT S.V. MEETING TOMORROW by Ken Mahoney

2009-04-20T12:12:00.001-04:00

AFFORDABLE HOUSING IS TOPIC AT S.V. MEETING TOMORROW by Ken Mahoney

New York’s top housing official comes to Rockland for a meet-and-greet tomorrow. State Housing Commissioner Deborah VanAmerongen will join representatives of civic and business groups, developers and government for a discussion of how to create and preserve affordable housing in Rockland. The session is slated for 12:30 to 2 p.m. tomorrow at the county’s Office of Community Development at 185 North Main St., Spring Valley

FORECLOSURE RELIEF FOR ROCKLAND MONEY-STRAPPED HOMEOWNERS by Ken Mahoney

2009-04-14T10:41:00.000-04:00

FORECLOSURE RELIEF FOR ROCKLAND MONEY-STRAPPED HOMEOWNERS by Ken Mahoney

Some Rockland property owners who face foreclosure may have won some breathing room from the County Legislature. An estimated 500 Rocklanders are currently in danger of losing their homes for failure to pay county taxes. That’s more than ten times the normal number, thanks to the current economic slump. Current law offers a payback program – easier terms for homeowners who can deposit 20% of the taxes they owe. But county legislators voted last week to lower that buy-in amount to 5% through the end of this year.

HAVERSTRAW-NYC RIVER COMMUTES TO END NEXT MONTH by Ken Mahoney

2009-04-02T21:36:00.000-04:00

HAVERSTRAW-NYC RIVER COMMUTES TO END NEXT MONTH by Ken Mahoney

Service ends May 1 for Rocklanders who’ve been using the New York Water Taxi to commute each day from Haverstraw to Manhattan and back. The ferry service says ridership has been too low – about 250 passengers a month, compared with nearly a thousand on the Yonkers-Manhattan route – to pay for the Haverstraw runs to continue. This ends a two-year pilot program that’s cost nearly $7.5-million dollars so far.

Rocland County is in 'guarded condition' Scott Vanderhoff

2009-03-19T13:48:00.002-04:00

Rocland County is in 'guarded condition' Scott Vanderhoff by Ken Mahoney

Rockland County Executive Scott Vanderhoef last night described the state of the county as being in “guarded condition.” Although there was a shortage of positive economic news to report in his 16th “State of the County” address, Vanderhoef attempted to rally confidence in new initiatives aimed at job growth and stemming local foreclosure rates. To that end, he suggested creating economic development and housing workforce focus groups to lay out action plans. Several legislators criticized Vanderhoef for not offering specifics on how he intends to steer the county through this economic downturn

MID-HUDSON CHAMBERS RALLY AGAINST PROPOSED MTA PAYROLL TAX

2009-03-11T16:30:00.000-04:00

MID-HUDSON CHAMBERS RALLY AGAINST PROPOSED MTA PAYROLL TAX by Ken Mahoney

Chambers of Commerce across the mid-Hudson Valley are asking state legislators demand an MTA audit before voting on its proposed payroll mobility tax. Business leaders say it's only fair the state see a complete accounting of the authority's finances before even considering a bailout- one that would largely come at the expense of West of the Hudson government, business and not-for-profit agencies. The Rockland Business Association estimates a payroll tax would cost the county an addition $18 million dollars each year. This would be added on to an existing $40 million dollar loss to Rockland in terms of payments versus services

OBAMA TO ADDRESS CONGRESS TONIGHT

2009-02-24T13:09:00.000-05:00

OBAMA TO ADDRESS CONGRESS TONIGHT by Ken Mahoney

President Barack Obama 9 o’clock tonight will address Congress and the American public, outlining his plans to steer the nation through this troubled economy. Although it’s technically not being considered a “State of the Union” address, the pressure of inspiring the country is as great as ever given rising unemployment rates and a slumping stock market. Obama’s speech will be carried live on all major broadcast T.V. networks.

CORNELL ESTABLISHES “ECONOMIC STIMULUS WORKING GROUP”

2009-02-24T13:08:00.001-05:00

CORNELL ESTABLISHES “ECONOMIC STIMULUS WORKING GROUP”

Over a dozen local business, government and non-profit leaders met for the first time yesterday in efforts of developing a plan to stimulate Rockland’s economy. County Legislative Chairwoman Harriet Cornell is looking to this working group for advice and insight on how the legislature can foster business growth in efforts of stemming Rockland’s unemployment rate. Cornell last month highlighted the need for a more organized public-private partnership during her annual legislative address.

NEW YORKERS CAN TRACK STIMULUS MONEY THROUGH STATE WEBSITE by Ken Mahoney

2009-02-17T11:36:00.001-05:00

NEW YORKERS CAN TRACK STIMULUS MONEY THROUGH STATE WEBSITE by Ken Mahoney

New York Comptroller Tom DiNapoli today is urging New York lawmakers not to regard the stimulus package as a bail out. DiNapoli says the state must identify long-term solutions to align spending with revenues; a task that doesn’t dissolve with a one-time infusion of added federal funding. New Yorkers will be able to track federal stimulus dollars as they course through the state by visiting DiNapoli’s website www.openbooknewyork.com.

There taxpayers will be able to view the contracts awarded and the companies receiving those contracts. The site currently features searchable databases of more than 60,000 active state contracts and spending for more than 100 state agencies and 3100 local governments.

THREE NAMES CIRCULATING AS POTENTIAL ROCKLAND COUNTY EXEC CANDIDATES by Ken Mahoney

2009-02-09T16:45:00.000-05:00

THREE NAMES CIRCULATING AS POTENTIAL ROCKLAND COUNTY EXEC CANDIDATES by Ken Mahoney

Rockland County Executive Scott Vanderhoef this election season will likely see contest from within and outside his party if he chooses to seek a fifth four year term. Although official announcements of candidacy have yet been made, there are three major contenders who seem most likely to stake a claim to the seat. Democratic Orangetown Supervisor Tom Kleiner and Republican Legislator Ed Day are rumored to be the most likely to challenge Vanderhoef’s incumbency. If Vanderhoef decides to run again, Day would have to primary him in order to secure the Republican line in the upcoming November 3rd general election

COUNTY RESIDENTS INVITED TO COMMENT ON $121B STATE BUDGET by Ken Mahoney

2009-02-05T21:53:00.000-05:00

COUNTY RESIDENTS INVITED TO COMMENT ON $121B STATE BUDGET by Ken Mahoney

County residents one week from today will have an opportunity to comment on the Governor’s proposed $121 billion dollar state budget. Rockland’s entire state legislative delegation is sponsoring the public hearing, which will begin 2PM Thursday, February 12th at the Suffern Library. Participants will each be given three minutes to speak.

State lawmakers are now struggling to approve spending cuts for the next fiscal year as they wrestle with ways to make up for a $15.4 billion dollar current year deficit. Both houses Tuesday agreed to $1.6 billion in cuts to plug up an addition budgetary shortage spanning 2007-2008.

Six more weeks of winter, Groundhog Day

2009-02-02T12:41:00.001-05:00

PUNXSUTAWNEY PHIL PREDICTS ANOTHER SIX WEEKS OF WINTER by Ken Mahoney

People throughout the region earlier today turned their attention to Punxsutawney, Pennsylvania where a groundhog named Phil ventured out of his hole and saw his shadow; something the 123 year-old tradition regards a sign of a longer winter- six weeks longer to be exact. Over the years, Punxsutawney Phil’s seen his shadow about 85% of the time. 1999 was the last time he did not

PFIZER TO BUY OUT WYETH IN $68Bil DEAL by Ken Mahoney

2009-01-27T12:07:00.000-05:00

PFIZER TO BUY OUT WYETH IN $68 Bil DEAL by Ken Maoney

Wyeth Pharmaceuticals has agreed to a $68 billon dollar Pfizer buyout; a move that may threaten jobs at the company’s Pearl River factory. As Rockland’s largest private sector employer, Wyeth contributes 3100 jobs to the local economy. No one’s sure how many of those will be eliminated in Pfizer’s post acquisition plan to cut 15% of its workforce- that's a total of 19,000 positions. The takeover’s not expected to officially begin until late third quarter.

PATERSON TO ANNOUNCE SENATE PICK BY SATURDAY by Ken Mahoney

2009-01-21T14:02:00.001-05:00

PATERSON TO ANNOUNCE SENATE PICK BY SATURDAY by Ken Mahoney

Meanwhile, Governor David Paterson says he will officially announce his pick to take Hillary Clinton’s senate seat sometime in these next three days. Caroline Kennedy and New York Attorney General Andrew Cuomo have been repeatedly named the key contenders for the prestigious position.

A recent Marist Institute Poll shows New Yorker’s favor the prospect of Cuomo over Kennedy 40 to 25 percent. Nassau County Executive Tom Suozzi and Congressional Representatives Carolyn Maloney and Steve Israel have also expressed interest. The poll shows each of them receiving only single-digit approval ratings.

Tune into WRCR 1300am for updates

ROCKLANDERS GATHER TO WATCH BARACKOBAMA “MAKE HISTORY” by Ken Mahoney

2009-01-21T13:59:00.001-05:00

ROCKLANDERS GATHER TO WATCH BARACK OBAMA “MAKE HISTORY” by Ken Mahoney

Eyes and ears were fixed on the nation’s capital yesterday as men, women and children across the county tuned in to watch history in the making. At noon, Illinois Senator Barack Obama took the Oath of Office, becoming the 44th U.S. President and our country’s first African-American Chief of State. It was an intergenerational experience for students at East Ramapo’s Summit Park Elementary School, whose parents and grandparents were invited into the classroom to watch the inauguration with their youngest family members.

Challenging Americans to pick themselves up and dust themselves off, Obama’s first words spoken as President were aimed at inspiring citizens to play an active role in the massive task of rebuilding our nation’s economy.

MORAHAN CRITICIZES NEW TAXES & FEES From ALBANY

2009-01-08T11:59:00.000-05:00

MORAHAN CRITICIZES NEW TAXES & FEES From ALBANY

The Governor’s budget incorporates raising $6 billion in additional revenue from nearly ninety new or higher taxes on things like non-diet sodas, beer, wine, cigars, massages, haircuts, movie tickets, downloaded music and cable and satellite television services. Responding to the plan, Republican Senator Tom Morahan argues these kinds of taxes and fees should be the state’s last resort, not the first. Morahan contends the key to closing New York’s over $15 billion dollar budget gap lies in new job creation. Paterson yesterday also reiterated his call to the legislature to get the budget passed by March 1st, something that could save the state as much as $1.3 billion.

Reorganizational proceedings gave Democrats control of the Senate for the first time in over forty years.

Tappan Zee Tolls rise with new year

2009-01-05T12:07:00.001-05:00

TZ TOLLS RISE WITH NEW YEAR

Those traveling the Tappan Zee Bridge are being asked to fork over more this New Year. As of yesterday, cash fares are up fifty cents to $5 dollars with the EZPass rate increased to $4.75. Commuters who travel the span twenty or more times each month have had their discounted toll rise by 50% to $3 dollars.

Rockland Real Estate Update by Ken Mahoney

2008-12-30T16:30:00.000-05:00

ROCKLAND HOMES SALES/VALUES FARE BETTER THAN STATE AVERAGE by Ken Mahoney

Statewide existing home sales have plummeted 23 percent this November compared to last- that’s according to the most recent data released by the New York State Association of Realtors. Rockland fared far better than the average, experiencing a 12% reduction in sales and a near 8% decline in sale price. The association reports Orange and Westchester county home sales saw a 44 and 37 percent loss, respectively. Columbia County suffered the sharpest drop in sales, with the market performing less than half as well as it did this time last year.

Rockland County Budget Woes, by Ken Mahoney

2008-12-24T09:58:00.001-05:00

FORECLOSURES POSE FURTHER STRAIN ON LOCAL BUDGETS by Ken Mahoney

With a 10% Rockland property tax hike looming in the New Year, residents are anxious to see how the county can keep from instituting further hikes in the future- a challenge that will only intensify with decreased mortgage and sales tax revenues, not to mention related reductions in revenue stemming from growing foreclosure and mortgage delinquencies.

A report out of NY Comptroller Tom DiNapoli’s office estimates property tax revenue could fall by up to $1.3 billion if statewide property values decline to the same extent as experienced in the early ‘90s recession. DiNapoli says as many as 50,000 New Yorkers this year have foreclosed on their homes. Orange County and Staten Island posted the state’s highest third quarter foreclosure rates. Rockland’s neighbors to the north are reporting 1 in 205 property owners in foreclosure.

Happy Holidays!!

2008-12-24T09:57:00.001-05:00

We wish everyone a safe and great holiday season!!!

Rockland’s Civil Rights Hall of Fame

2008-12-18T11:08:00.001-05:00

TUBMAN ONE OF SIX 2008 INDUCTEES TO THE CIVIL RIGHTS HALL OF FAME

Harriet Tubman is among six inductees who today will officially become part of Rockland’s Civil Rights Hall of Fame. Tubman’s great grand nieces from Auburn and Rochester, NY will join Human Right’s Commissioner Ram Nagubandi during the induction ceremony, which is being held at Nanuet’s Comfort Inn. The Human Right’s Commission this year celebrates its 45th anniversary of ensuring fairness and equality in all aspects of life in Rockland, from employment to housing. Also honored today as the newest members of the Civil Rights Hall of Fame are Dorothy Theresa Baptist, Dr. Willie Bryant, Rev. Dr. Richard Deats, Rabbi Louis Frishman and June Shagaloff.

Toys for Tots

2008-12-09T12:00:00.001-05:00

TOYS FOR TOTS DONATIONS CAN BE DROPPED OF AT ZEBROWSKI’S OFFICE

Local residents interested in participating in the U.S. Marine Corps Reserve’s annual Toys for Tots Program can drop off items at Assemblyman Ken Zebrowski’s local office. New, unwrapped toys can be brought to 67 North Main Street in New City weekdays between 9AM and 5PM. Donated items will then be distributed as Christmas gifts to needy children in the community.

GAS PRICES IN ROCKLAND DIP BELOW $2/GALLON by Ken Mahoney

2008-12-03T14:35:00.001-05:00

GAS PRICES IN ROCKLAND DIP BELOW $2/GALLON by Ken Mahoney

For the first time in well over two years, Rockland gas prices this week have dipped under $2.00. Costco in Nanuet as of noon yesterday was selling regular at $1.89 a gallon and West Nyack’s Fuel Depot was offering the same for $1.99. Falling gas prices have been attributed to a global economic slowdown and the related reduction in demand. Rockland may see a reduction in revenue as prices plummet given it never renewed the temporary $2 dollar gasoline sales tax cap.

LEGISLATURE ADOPTS 2009 ROCKLAND BUDGET by Ken Mahoney

2008-12-03T14:32:00.000-05:00

LEGISLATURE ADOPTS 2009 ROCKLAND BUDGET by Ken Mahoney

After three hours of debate, the county legislature last night adopted a $714.5 million 2009 budget 13 to 4. Legislators Ed Day, Joe Meyers, Frank Sparaco and Jacques Michel voted no on the spending plan that brings along with it a 9.85% county tax hike. Comparing county tax bills year over year, many residents say this year they paid more than the 7-plus percent increase that was publicized last budget season by the legislature and county executive’s office. Some are afraid the same thing will happen again next year.

Legislators did make additional cuts to the budget proposed by County Executive Scott Vanderhoef, but instead of passing them along in the form of a smaller tax increase, they’re planning to bank the difference to cover a deficit that could continue to grow through 2009. Vanderhoef’s budget included funds from a new hotel occupancy tax and additional ticket revenue through the installation of cameras on county intersections. However, neither measure was voted on as legislators agreed to first hold public hearings on both bills.

About forty residents attended last night’s legislative session. Of those who addressed the budget during the public comment period, not a single participant spoke in its favor.

LEGISLATURE SET TO VOTE ON 2009 BUDGET TOMORROW by Ken Mahoney

2008-12-01T21:20:00.000-05:00

ROCKLAND LEGISLATURE SET TO VOTE ON 2009 BUDGET TOMORROW by Ken Mahoney

Rockland’s legislature tomorrow night will vote on a proposed 2009 county budget that will raise property taxes by 10%. Taxpayers that have been unable to make it to the public hearing on the budget can still contact the County Executive and Legislature to voice their support or opposition to the spending plan. County Executive Scott Vanderhoef can be reached at 845-638-5122 and the Legislature at 845-638-5100

Knickerbocker Ice Festival at Rockland Lake State Park Slated to Launch

2008-11-24T12:54:00.000-05:00

Knickerbocker Ice Festival at Rockland Lake State Park Slated to Launch Hudson Valley Quadricentennial

Event Will Feature Ice Replicas of Henry Hudson’s Half Moon and Robert Fulton’s Clermont Amidst a Host of Festivities from Balloon Rides and Fireworks to Live Music and Dancing

Bear Mountain, New York - November 24, 2008 – The Palisades Interstate Park Commission (PIPC) has announced that the Knickerbocker Ice Festival (January 24-25, 2009) at Rockland Lake State Park has been selected as the official launch site of the Hudson Valley Quadricentennial—a year-long celebration that marks the 400th anniversary of Henry Hudson and Samuel de Champlain’s voyages along the river and lake that bear their names, as well as the 200th anniversary of Robert Fulton’s successful steamboat voyage on the Hudson River. The Knickerbocker Ice Festival, now in its third year, celebrates Rockland Lake’s history as the epicenter of the ice trade in the 19th century—long before the invention of the household refrigerator. Known for its sparkling, clear water, Rockland Lake was the preferred source of ice for New York City as well as international destinations. “Because the Hudson was the major trade conduit for the Knickerbocker Ice Company, which harvested most of its ice from Rockland Lake, the ice festival is the perfect venue from which to launch the Quadricentennial celebration,” said James Hall, Executive Director, PIPC. The three mile paved path around Rockland Lake will showcase multiple attractions, intended to emphasize the festival themes of community, resourcefulness, and sustainability. The festival will feature a 20-foot ice replica of Henry Hudson’s ship the Half Moon by ice sculptor Robert Patalano, a Rockland native. Emmy-winning and internationally famed ice sculptor Earl Covington will reproduce Robert Fulton’s steamboat the Clermont. Weekend festivities include: Pleine Air Art...local artists capture the beauty of the park on Saturday; art goes on sale Sunday Fireworks over Rockland Lake Saturday eve · Hot Air Balloon Rides: Tethered balloons rise over Rockland Lake with the Hudson as a backdrop · Tour of the Ice Gallery: images from the PIPC's archives frozen into blocks of ice · Live music and dance performances Demonstrations of rustic furniture making Warm food and beverages Tours of Knickerbocker Ice House #3, an historic remnant from the 19th Century ice trade Campfires and warming stations And more

ROCKLAND’S UNEMPLOYEMENT RATE ON THE RISE by Ken Mahoney

2008-11-21T21:35:00.000-05:00

ROCKLAND’S UNEMPLOYEMENT RATE ON THE RISE by Ken Mahoney

Rockland’s unemployment rate is slowly creeping closer to New York City’s at 4.9% for the month of October. This latest Labor Department report reflects a 1.2% rise year over year. Figures for the month of November may go up further in light of this week’s layoff announcements out of Wyeth Pharmaceutical of Pearl River and U.S Gypsum of Stony Point. The city still leads most Hudson River counties with at 5.7% jobless rate.

HEARING ON COUNTY’S PROPOSED $714.5M BUDGET SET FOR TOMORROW by Ken Mahoney

2008-11-17T15:07:00.001-05:00

HEARING ON COUNTY’S PROPOSED $714.5M BUDGET SET FOR TOMORROW by Ken Mahoney

Rockland Legislature’s Budget & Finance Committee meets tonight for the final time before the scheduled public hearing on the county’s proposed 2009 budget. Property owners tomorrow night will have an opportunity to comment on the $714.5 million dollar spending plan, which raises the county’s share of property taxes 9.85%. Budget & Finance Committee members this evening continue their item by item review and will be looking specifically at funding to contract agencies and not-for-profits.

Thank a veteran today!!!

2008-11-11T10:10:00.001-05:00

Thank a Veteran today

Please go visit this web site.

We are all very thankful of what our veterans have done for us!!

http://www.co.rockland.ny.us/vets/veterans.html

ROCKLAND SEPTEMBER HOME SALES SHOW IMPROVEMENT by Ken Mahoney

2008-11-09T16:24:00.001-05:00

ROCKLAND SEPTEMBER HOME SALES SHOW IMPROVEMENT by Ken Mahoney

There’s some good news today for those looking to sell their home and others concerned about retaining their property’s value. New York State Association of Realtors has announced an increase in September 2008 single-family Rockland home sales compared to the same month last year. Rockland home sales for that period rose 10%. Statewide figures did not reflect an upward trend, going down 4% year over year. Orange and Westchester counties did not fair well, each experiencing a decline in September ’08 compared to September ’07 of 15 or more percentage points.

Election Results by Ken Mahoney

2008-11-05T15:09:00.003-05:00

NATIONAL, STATE & LOCAL ELECTION RESULTS, By Ken Mahoney

Barack Obama yesterday was chosen to be our nation’s 44th president with the support of Rocklanders who favored him over John McCain 65,143 to 58,199.

Local voters yesterday helped return each of Rockland’s three democratic congressional incumbents back to office for another two-year term. District 17th House Representative Eliot Engel garnered nearly the twice the votes of challenger Robert Goodman, 46,644 to 23,706. The margin of victory was somewhat smaller for 18th District Congresswoman Nita Lowey, who received 13,845 votes to Jim Russell’s 8,185. In the 19th congressional district, John Hall retained his seat against Kieran Lalor 6,886 votes to Lalor’s 4,987.

Voters also returned N.Y. Republican Senator Tom Morahan to Albany for another two-year term. Morahan secured 69,205 votes to Democratic challenger Gregg Julian’s 41,298. Uncontested and contested Assembly representatives maintained their seats in districts 94-97. Republican Nancy Calhoun won the 96th district with 4,027 votes against Richard Randazzo’s 2,192. In the 97th district, Ann Rabbitt held on to her seat against Jerome Sommor’s challenge 3,317 to 2,355.

The only contested town race was for Clarkstown Justice. Democrat Rolf Thorsen was selected to fill the seat vacated in the passing of Justice Joel Flick. Thorsen received 19,541 votes to Republican Daniel Weisberg’s 15,007.

Turning to Rockland village races, Sloatsburg Mayor Carl Wright was reseated for another term against Marino Fontana 974 to 337. Incumbent trustees in both Sloatsburg and Suffern were reelected. In Sloatsburg, John Reimer and Barbara Bernsten were returned to the board and in Suffern, John Meehan and Andrew Haggerty were given another term. Mark Lablanco won an unexpired term on West Haverstraw’s village board 1,729 votes to David Barbera’s 1, 298.

Election Day in Rockland by Ken Mahoney

2008-11-03T21:26:00.002-05:00

TODAY’S THE DEADLINE TO APPLY FOR OR SUBMIT ABSENTEE BALLOTS

Today is the last day to apply for or submit your absentee ballot in person at the Board of Elections. Voters can visit election offices on New Hempstead Road in New City through 5 o’clock.

Tomorrow is General Election Day and polls throughout the county will be open from 6AM ‘til 9PM. Polling locations can also be looked up online or by calling the Board of Elections at 845-638-5172

Rockland Real Estate improves in the month of September by Ken Mahoney

2008-11-03T21:24:00.001-05:00

Rockland Real Estate improves in the month of September

Financial and Economic Collapse affecting Rockland County? by Ken Mahoney

2008-10-29T09:58:00.001-04:00

Financial and Economic Collapse affecting Rockland County?

Just weeks ago one of the main topics of concern among Rockland County business owners was the escalating price of oil and its impact on day to day business. While some business owners reported they were continuing to grow, the escalating oil prices were affecting their profit margins and efforts to go 'green' were countered by efforts just trying to stay in 'the black'.

Today, it appears many business owners would agree that they would prefer paying higher prices for oil as to what is happening presently with the economy. Credit is freezing up, if not already frozen, here in the US as well as abroad. The US and many European countries are in a recession. Some of the oldest and most reputable Wall Street firms have either gone out of business or have had 'shotgun' weddings.

It is not unusual for any business to experience cycles of boom and bust. Yet businesses that have been around for a number of generations are experiencing this downturn in the economy differently, asserting “this is the worst that we have seen, ever.”

And while many business owners can claim their receivables remain on the positive side of the balance sheet, collecting on those receivables within a reasonable timeframe has become more challenging. In part this is due to banks reluctance to lend money as the banks themselves are over-leveraged and struggling to 'clean up'.

Some experts claim both businesses and consumers are over-leveraged. As a result, signs of “de-leveraging” are now being seen in the market place. Stock markets around the world have been spiraling downward, in part, because large funds are de-leveraging. Real estate prices continue to decline as de-leveraging occurs.

And what was a so-called 'contained' real estate market is now affecting the 'real' economy. Federal Reserve Chairman Ben Bernanke referenced this ‘containment’ many times before acknowledging that the real estate market does indeed have far reaching tentacles affecting other parts of the economy.

In Rockland County home prices continue to decline but not at the rate as seen in other parts of the nation. This perhaps is because Rockland’s home prices did not increase exponentially as they did elsewhere. And while Rockland did share in some of the building boom its levels of supply are no where near the levels of supply flooding areas like southern Florida, Las Vegas and parts of California. This may be another reason why Rockland has not had the steep decline in home prices.

The commercial side of real estate appears to be holding up in Rockland. Commercial real estate prices have held up better than residential prices although if businesses begin to fail seeing “for lease” signs will become more common. Already, as some banks consolidate not only their branches but as institutions themselves commercial real estate parcels are becoming more abundant.

On the bright side, while there have been layoffs in Rockland County, Rockland is not completely reliant on one or two major corporations as are some communities throughout the nation. Rockland also has a very high percentage of small businesses - defined as fewer than 10 employees – that encompass a large number of diverse industries. Rockland County will no doubt weather this brutal storm with its diversity and resilience.

Rockland legislator VJ Pradhan passes away

2008-10-09T21:46:00.001-04:00

Rockland legislator VJ Pradhan passes away

VJ Pradhan, the first Indian American to serve on the Rockland County Legislature, has died. He was 61.

This is a very sad day for Rockland County.

He will be very much missed :(

Tappan Zee Bridge Costs and Timelines by Ken Mahoney

2008-10-01T14:49:00.000-04:00

LEGISLATORS HAVE DOUBTS OVER NEW TZ BRIDGE COST/TIMELINE

There’s skepticism within Rockland’s state legislative delegation regarding the cost and construction timeline for a new Tappan Zee Bridge. The state’s Department of Transportation recently announced the dismissal of options for a renovated span in favor of an entirely new bridge with new footprints in Nyack and Tarrytown about 500 feet north of the existing structure. While the D.O.T. hopes to have the new bridge in place in ten years, legislators say a timeline is virtually impossible to set without first getting public or private funding commitments. A new bridge with bus rapid transit and a commuter rail would run about $16 billion.

US Bailout Fails, though Rockland Delegates voted 'yes', by Ken Mahoney

2008-09-30T12:08:00.001-04:00

ROCKLAND’S CONGRESSIONAL DELEGATION VOTES “YES” FOR BAILOUT

Rockland’s entire congressional delegation yesterday voted in favor of a $700 billion dollar economic bailout bill. Their votes, however, were simply not enough to move the plan forward as the total tally fell thirteen shy of passage. The bill was defeated 228 to 205 with support from roughly two thirds of the house’s democrats and only a third of its republicans.

No movement will occur until late Wednesday or Thursday as many left Washington following the vote to observe the Jewish holiday of Rosh Hashanah, which began sundown last night.

Wall Street was quick to respond to Congressional rejection of the bill with stocks tumbling sharply, down 778 points. While it’s the largest Dow Jones point plummet of all time, percentage-wise, it was the seventeenth steepest decline.

Rockland County Towns to relase 2009 Budgets by Ken Mahoney

2008-09-23T11:08:00.000-04:00

TOWNS TO RELEASE ’09 BUDGETS

Towns across the county this week will present their preliminary budgets. Orangetown releases its spending sketch tonight. Clarkstown plans to unveil its proposal tomorrow. During his weekly radio update, Clarkstown Supervisor Alex Gromack this morning told WRCR the town is aiming at keeping its 2009 operating budget the same or less than the current year’s. Given shrinking mortgage and sales tax revenues this still means town residents will see an approximate 4% increase in their property levy.

The same challenge faces all towns and the county for that matter, which is struggling to budget for next year amid an $18-25 million dollar current budget shortfall. In addition to significant reductions in sales and mortgage taxes, local government is also feeling the pinch from smaller dividends on monies in savings accounts resulting from lowered interest rates.

UNEMPLOYMENT GROWS THROUGHOUT THE HUDSONVALLEY by Ken Mahoney

2008-09-19T11:39:00.001-04:00

UNEMPLOYMENT GROWS THROUGHOUT THE VALLEY by Ken Mahoney

Hudson Valley unemployment spiked one and half percent year over year. According to NY Labor Department stats, our regional jobless rate this past August climbed to 5.3%. That’s the highest level of August unemployment reported in 14 years. Analysts say it will likely get worse before things turn around as the Hudson Valley is expected to suffer the aftershocks of the recent and major Wall Street turbulence. Rockland’s unemployment rates are fractionally better than the region’s and notably better than the national rate, coming in at 5.1

FEDERAL RESERVE EXTENDS $85B LOAN TO AIG by Ken Mahoney

2008-09-17T22:33:00.000-04:00

FEDERAL RESERVE EXTENDS $85B LOAN TO AIG by Ken Mahoney

The Federal Reserve has extended an $85 billion dollar loan to the American International Group. Governor David Paterson yesterday called on the fed to do just that in order to give AIG the short-term liquidity it needs to stay alive. It was clear to most that the state’s offer to help AIG access $20 billion through its subsidiaries was simply not enough to keep the company from going under. The firm is a major player in the financial insurance industry and has been pummeled by its willingness to cover mortgage-backed securities and other risky debt. AIG will pay substantial interest on the two-year loan. As part of the deal, the U.S. government has the right to stop payments of dividends to AIG shareholders

Financial crisis rocking Wall St by Ken Mahoney

2008-09-16T12:37:00.002-04:00

DINAPOLI SAYS “EXCESSIVE RISK” TO BLAME FOR FINANCIAL CRISIS

New York Comptroller Tom DiNapoli says “excessive risk and over-leveraging of capital” are to blame for the failure of major Wall Street institutions.

Lehman Brothers, Merill Lynch and other financial giants, according to DiNapoli, have fallen into the credit trap by taking on debt carelessly in order to boost short-term health.

The Comptroller is supporting Governor David Paterson’s appeal for the Federal Reserve to provide short-term liquidity to American International Group, referred to as AIG. DiNapoli says news of Lehman Brother’s chapter 11 filing and the $50 billion dollar Merill Lynch buyout are creating a crisis of confidence, which is sucking in firms like AIG.

He says national financial stabilization will only come with more robust regulations and transparency

9/11 Services in Rockland

2008-09-11T12:25:00.000-04:00

Rockland

Haverstraw: Rockland Memorial Ceremony. An opening prayer; remarks by the county executive and the legislative chairwoman. 8:30 a.m. A moment of silence at 8:46 a.m. At 9:03 a.m., names of the 9/11 victims will be read. Haverstraw Bay County Park, Gagan Road. 845-638-5495.

HAVERSTRAW TOWN: 9/11 Memorial Service. 8:30 a.m. Haverstraw Bay County Park, Gagan Road. Rockland County's official commemoration of the seventh anniversary of the attacks on the World Trade Center at the county memorial.

New City: Clarkstown Remembrance Ceremony. At the 9/11 Memorial adjacent to Town Hall. The names of 74 Rockland County residents who perished will be read. Rain site: Town Hall auditorium. 5 p.m. Town Hall, 10 Maple Ave. 845-639-2050.

Orangeburg: 9/11 Memorial Observance. With music and a reading of the names of Rockland residents who perished at the World Trade Center. 6:30 p.m. Town Hall, 26 Orangeburg Road. 845-359-5100.

Piermont: Mass of Remembrance. 7 p.m. Church of St. John the Baptist, 895 Piermont Ave. 845-359-0078.

Ramapo: 9/11 Commemoration. Ceremony honors those Rockland residents or those with ties to Rockland who perished in the World Trade Center attacks and aftermath. 8:15 a.m. Rockland Community College, 145 College Road. 845-574-4394.

Ramapo: 9/11 Remembrance Ceremony. A tribute to the eternal spirit of the innocent victims and the selfless courage shown by public servants, volunteers and private citizens on that fateful day. 8 p.m. Town Hall, 237 Route 59. 845-357-5100.

Sloatsburg: 9/11 Memorial Service. Memorial service and candlelight procession. 7:30 p.m. Sloatsburg Athletic Field, Route 17 at Eagle Valley Road. 845-753-2727.

Suffern: 9/11 Memorial. 7 p.m. Donna Hallett Park, Lonergan Drive. 845-357-7943.

Remembering 9/11

2008-09-11T12:04:00.000-04:00

9/11 SERVICES HELD IN CLARKSTOWN & RAMAPO

A number of 9/11 services are being held locally today. In Clarkstown, elected officials and residents will gather in remembrance 5 o’clock this evening at the town’s 9/11 monument on Maple Avenue.

The Town of Ramapo is sponsoring a memorial service and reading of the names of those who perished seven years ago today 8 o’clock tonight at town hall. Residents can contact their respective municipality for details on other planned 9/11 services.

Those having a hard time coping with the memories and emotions this day evokes can call the Mental Health Association of Rockland for help at 845-267-2172.

State Legislators agree on 1 billion in cuts by Ken Mahoney

2008-08-21T11:51:00.000-04:00

STATE LEGISLATORS AGREE ON $1 BILLION IN CUTS

New York Senators and Assembly representatives convened in emergency session yesterday to hash out a plan to begin controlling the state’s growing budget deficit. Governor David Paterson last month announced he would call lawmakers back to Albany during a public address used to warn residents of the imminent budget crisis. At that time he projected a three-year deficit of $26.2 billion. New York’s debt at the end of this fiscal year is expected to exceed $52 billion.

RBA's next general membership meeting by Ken Mahoney

2008-08-19T15:24:00.002-04:00

General Membership Luncheon

Taking the business lunch to the next level, join your fellow RBA members for this key informational and networking event. Mingle with new and old members and get up-to-date on all things RBA.

This month, Tom Suozzi, Nassau County Executive and Chair of Governor's Property Tax Commission will be our speaker.

Wednesday, September 3rd 11:30 am - 1:30 pm Rockland Country Club, 380 Route 9W, Sparkill, NY

Members $40 paid in advance; $45 at the door Non-Members $50 Reservations Required

CPI Index rises more than expected by Ken Mahoney

2008-08-14T11:04:00.001-04:00

Core CPI... HIGHER than expected! Consumer price index rose 0.8% in July, led by gains in food, energy, apparel and airline fares. This is on the heels of June's 1.1% rise, which was the second largest since June 1982. Excluding food and energy, the CPI advanced 0.3, which means the y/y is 2.5%.

EQUALIZATION RATE MAY BRING RELIEF TO NORTH ROCKLAND's businesesses by Ken Mahoney

2008-08-14T10:23:00.000-04:00

EQUALIZATION RATE MAY BRING RELIEF TO NORTH ROCKLAND

Some “tentatively” good tax-related news may be coming to North Rockland homeowners and businesses. Stony Point and North Rockland School board member Stephen Cole-Hatchard says the state’s Office of Real Property Services has finalized equalization rates that could significantly reduce school taxes. According to initial calculations, the decrease could be as much as 4% for homeowners and 13% for businesses and commercial properties.

Unfortunately, the impact of the reduction may be diluted with Mirant’s attempt to reduce the assessed value of its Lovett property. Something Cole-Hatchard sees as a good reason to keep budget cuts a top priority.

BOSCOV’S FILES FOR CHAPTER 11 by Ken Mahoney

2008-08-06T11:54:00.001-04:00

BOSCOV’S FILES FOR CHAPTER 11

Former Nanuet Mall tenant Boscov’s has filed for Chapter 11 bankruptcy protection. The department store chain is for sale, recording $538 million in assets and $479 million in liabilities as of May 3rd. With 49 locations in Pennsylvania, Delaware, Maryland, New Jersey, New York and Virginia, the Reading- based family owned company employs about 9500 people. It’s total annual sales for the last fiscal year ending February 2nd came in at one and a quarter billion. Boscov’s Vice President Michael Hughes hopes to steer out of bankruptcy by the first quarter of next year. Bank of American is lending Boscov’s $250 million to keep it operating and Lehman Brothers has been hired to find new capital.

Rockland Stock Index up nearly 3% today, By Ken Mahoney

2008-08-05T16:08:00.000-04:00

Click here: Rockland Business Digest http://studio-5.financialcontent.com/rocklandbusiness?Page=QUOTE&Ticker=$ROCKLAND

HILLCREST GAS STATION OFFERS E85 Gas by Ken Mahoney

2008-08-05T14:43:00.000-04:00

HILLCREST GAS STATION OFFERS E85 Gas

A Hillcrest gas station is the first in Rockland to be pumping E85. The Route 45 Sunoco is charging $3.39 for the formula, which is 85% ethanol and 15% gasoline. While the station’s not yet selling very much E85, its owners are hoping regular gas prices will prompt more and more people to buy cars that run on higher ethanol concentrations. The station is also preparing to offer biodiesel, generated completely from fats or oils.

Blood drive at WRCR, by Ken Mahoney

2008-08-04T16:45:00.001-04:00

NYBC DECLARES BLOOD EMERGENCY

The New York Blood Center has declared a blood emergency. Supplies are almost below the three-day safety mark due to what the agency is referring to as the “summer ’08 triple threat.” High demand, high gas prices and high temperatures converging on the region have resulted in poor donor turnout. Each day, New York Blood Center must collect 2,000 units of blood to treat patients at Westchester Medical Center, Nyack and other area hospitals. If you can host a blood drive, contact the New York Blood Center at 1-800-933-Blood.

Donors are invited to join WRCR in the next station-sponsored drive coming up 9AM to 7:30PM Thursday, August 14th just next door to WRCR’s Nanuet Mall studios.

Crusin for Kids this weekend by Ken Mahoney

2008-08-01T14:32:00.000-04:00

Free admission - Sunday AUG 3rd is our 7th annual Cruisin' for Kids Benefit 2008 at North Rockland High School in Thiells, NY near Stony Point, Rockland County 9am - 4pm.

This is a large car, bike and truck judged show with - 35 food and product vendors. All the proceeds are donated to 3 families with sick children. Two children have Cerebral Palsy and one has Pilaster Killen Mosaic Syndrome.

We appreciate your help.

http://holtononline.com/topsdown/carshows/august.html

UPDATED RBA BUSINESS DIRECTORY NOW AVAILABLE by Ken Mahoney

2008-07-31T12:51:00.000-04:00

UPDATED RBA BUSINESS DIRECTORY NOW AVAILABLE

Rockland Business Association has released its 2008-2009 membership directory. This latest edition separates local business into 260 categories and features current market data for the area, including retail spending figures. RBA members can purchase a copy for $10. The cost is $35 for non-members. An online version of the directory is available on the RBA's official web site.

Business Receivables by Ken Mahoney

2008-07-29T12:36:00.002-04:00

This is an article that appeared in the Rockland Business Digest a couple issues ago.

For many businesses, receivables are what keep a healthy company moving forward and an unhealthy company scrambling to make ends meet. You’re working in your business, instead of working on your business and often don’t manage your accounts properly: late payments and delinquent accounts can pile up, leading to cash flow problems. It can happen to any business.

The flow of accounts receivable is the lifeblood of every business, and turning the accounts receivable into cash is critical for reducing working capital requirements. It’s been suggested that one out of five small business fail, due primarily from bad debt. So companies that can manage their receivables and plan 'around them' have a competitive advantage.

According to American Express, the Commercial Collection Agency Association found that nearly 27% of accounts that are three months past due will never be collected. That figure jumps to 44% after six months, and after a year, the probability of not collecting an overdue account hits nearly 75%. But how do you as business owner manage your receivables? What if you had zero in receivables? Would you reinvest in more into your company?

One of the best ways to avoid long accounts receivable timelines is by doing due diligence on your customers up front. Some owners tell me that they handle the receivables by asking for credit cards up front for their products or services. This way they companies can have more control over their receivables. But what if a potential client does not want to work this way?

Other companies have asked for credit references before entering into an agreement with a new client. Though some owners expressed concerns over this concept. They don't want potential customers to feel as if they are over- bearing.

So what is the right balance of getting to know the new client, but without being too aggressive? One local business owner had this to say: “We keep track of our receivable to make sure it doesn't go past due, keep an eye out for chargebacks or discounts to the receivables, and make collection calls on the receivable if something goes wrong.”

By combining early due diligence with close attention to aging receivables and using strategies like keeping backup credit card numbers on file, small-business owners can get a handle on their account receivables and keep their bottom lines healthy, even when customers are dealing with their own problems.

Here are a few strategies to help deal with receivables:

• Document all transactions in writing. You may have a great relationship, but an oral agreement will end up costing you money. You may be reluctant to take any step that interferes with the selling relationship, but this will serve you well.

• Evaluate your payment practices: Take a look at how your clients and customers have been doing on payments during the last 18 to 24 months. It will give you an idea of which need greater control. In the area of late payment, your analysis may lead you to suggest a program of communication with habitually late accounts beginning on the first day after the payment terms expire in order to alert the client/customer that payment is expected when due.

• Set payment for the same time each month: Instead of billing upon a project or sale is complete, send out all bills the same day of each month.

• Make sure your customers have a copy of your payment terms, either on your invoice or contract or some other sales document. RBD

Rockland County cutting expenses to reduce deficit by Ken Mahoney

2008-07-27T21:39:00.001-04:00

$4M IN CUTS AIMED AT REDUCING COUNTY DEFICIT

Rockland government administrators have agreed to $4 million dollars worth of cutbacks. Responding to the sluggish economy and growing budget deficits, County Executive Scott Vanderhoef is asking department heads to rearrange schedules to eliminate as much overtime as possible. He’s also promised to reduce discretionary spending by half and is asking everyone save for law enforcement to giveback their take home vehicles. So far, projected revenues are falling short of actual tax flow by $29.5 million.