• January 25, 2020
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Queens Chronicle

Queens Economic News

Top Story

Cuomo’s budget is $6 billion short

Staring at a $6 billion budget gap for the upcoming fiscal year, Gov. Cuomo is proposing to push more of the rising cost of Medicaid — which provides health coverage for low-income people — onto New York City.At least $2 billion of the projected deficit is money the state has been paying toward the city’s share of the state’s annual $75 billion Medicaid costs.

Thursday 01/23/2020
Mayor touts $95.3B budget for 2020-21
Posted: January 23, 2020

Mayor de Blasio last Thursday released a $95.3 billion executive budget proposal for the fiscal year beginning on July 1.

The figure would represent a $2.5 billion increase over the budget approved by the mayor and City Council last June, or nearly 3 percent.

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Pols blast Con Edison gas, electric increase
Posted: January 23, 2020

Officials from Queens are less than enthusiastic about the rate hikes approved for Con Edison Jan. 16, but the utility and the state’s Public Service Commission say they will benefit clean energy initiatives that have been mandated by the state while increasing service reliability and safety.

The commission, by a 4-1 vote, allowed increases for electricity of 3.1, 3.8 and 3.3 percent starting this year; and increases of 6.7, 7.3 and 6.5 percent for gas.

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Ramos, Rozic hail Cuomo e-bike talk
Posted: January 23, 2020

A pair of Queens legislators are claiming victory in their quest to allow legalized electric bikes and scooters in New York State, with Gov. Cuomo on Tuesday saying he will include language doing so in his forthcoming budget proposal.

Cuomo did not go into detail, but Assemblywoman Nily Rozic (D-Fresh Meaadows) and state Sen. Jessica Ramos (D-East Elmhurst), whose bill to allow municipal governance of the vehicles was vetoed by Cuomo in December, were hailing the decision this week.

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Thursday 01/16/2020
Mayor touts $95.3 billion budget for 2020-21
Updated: January 23, 2020 - 4:50 pm

Mayor de Blasio on Thursday released a $95.3 billion executive budget proposal for the fiscal year beginning on July 1.

The figure would represent a $2.5 billion increase over the budget approved by the mayor and City Council last June, or nearly 3 percent.

The increase comes even as de Blasio, in an accompanying statement, warned that the state, facing massive deficits, may be looking to pass off costs to municipalities and counties, particularly for Medicaid.

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Cuomo banking plan could aid SE nabes
Updated: January 23, 2020 - 12:00 pm

Gov. Cuomo is promising to dedicate more than $25 million in state resources to help residents and business owners in low- and middle-income neighborhoods who are deemed unserved or underserved by traditional banks.

In the book prepared for last week’s State of the State address, Cuomo is calling for creation of the Excelsior Banking Network, “which will increase access to safe, affordable bank accounts and small dollar loans in underserved low-income communities all across the state.”

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Monday 01/13/2020
How Neir’s was saved: Behind the scenes
Updated: January 16, 2020 - 12:02 pm

Saving Historic Neir’s Tavern from shutting down for good after 190 years came down to a single, precious piece of paper.

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Thursday 01/09/2020
For Ozone Park, an industrial center
Updated: January 16, 2020 - 11:35 am

Next to the unused rail line that runs along 100th Street in Ozone Park, the old factory that once housed a company that manufactured birthday candles is coming back to life.

Next Thursday, city officials will re-open the newly renovated building for small and medium-sized companies that have been hard pressed to stay in New York City for lack of affordable workspace.

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Developers’ plan meets skepticism
Updated: January 16, 2020 - 11:39 am

Just whose LIC is it, anyway?

A presentation by members of the Your LIC development team dominated last Thursday night’s meeting of Community Board 2, as those supporting a counter-organization, Our LIC, along with board members and area residents, expressed concern over plans to redevelop 28 acres along the Long Island City waterfront.

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Last call for iconic Queens bar Neir’s, closing down after 190 years
Updated: January 16, 2020 - 11:36 am

Neir’s Tavern, the 190-year-old Woodhaven pub that is believed to be the oldest bar in New York City, is closing Sunday, the owner said in a surprise  announcement posted online Thursday morning.

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