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YOUR ONLY SOURCE FOR REGIONAL BUSINESS NEWS | westfaironline.com
January 27, 2014 | VOL. 50, No. 4
JOHN GOLDEN
Playland neighbor too seeks private operator
alternative lending
by mark lungariellO mlungariello@westfairinc.com
page 13
L
ocal government officials are looking for a private company to take over management of Rye Town Park, a 28-acre shoreline property on the Long Island Sound. The Rye Town Park Commission, the park’s governing body, is ready to issue a request for proposals this month and is hoping for a 20-year deal that will generate revenue and propose yearround uses for the administration building there. The park operates at losses each year and its infrastructure, some of which is 100 years old, is deteriorating and in need of capital investment, officials say. The commission is looking to emulate the process Westchester County undertook to find a
Dakota Catucci, front, and Frank Vazquez plan to open their new hockey business in Yorktown Heights after receiving loan support from Community Capital New York.
Playland, page 6
Upstate gets biggest bang in Cuomo budget by JOHn gOlDen jgolden@westfairinc.com
goV. AnDreW m. Cuomo has proposed an approximately $92 billion state operating budget for 2014-15 that amounts to a 1.7 percent or $1.5 billion increase in state spending from the current fiscal year. When federal funds and long-term capital spending are included, the executive budget totals $137.2 billion, an increase of $1.8 billion or 1.3 percent from the current budget that ends March 31. Delivered in Albany Jan. 21, the governor’s budget would use a $310 million surplus from the current fiscal year to keep spend-
ing under the 2 percent cap set by Cuomo three years ago. The surplus, part of an overall $2 billion budget surplus for the state since Cuomo took office in 2011, would fund a portion of a broad tax reform package that is expected to reduce taxes for residents and businesses by more than $2 billion by the 2016-17 fiscal year. Heather C. Briccetti, president and CEO of The Business Council of New York State Inc., in a statement said the executive budget demonstrated Cuomo’s “continued commitment to improve the state’s business climate. …There is much for business to be encouraged about with the emphasis on holding growth in overall state spending to under 2 percent while promoting priUpstate, page 6
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sPECial: Hudson valley news all in one section. see page 25.