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Money

Upstate mayors meet to talk budget woes

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The.Comedian
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via Flickr
Several upstate cities are running short on cash.

Good morning. Here's a mid-week batch of Trail Mix:

The mayors of four upstate New York cities met yesterday to discuss financial troubles.

A proposed downtown Rochester hotel won a tax break.

Plus: a major manufacturer may be coming to Buffalo.

Tax breaks

Syracuse's second-ever 30 year tax break needed one more OK from the city's industrial development agency (IDA) - which it got (Tim Knauss, The Post-Standard).

Syracuse's development agency also gave the go-ahead to a developer to build a new apartment complex near the city's Inner Harbor (Tim Knauss, The Post-Standard).

Monroe County has approved a tax break for a new downtown Rochester hotel (Diana Louise Carter, Democrat and Chronicle).

Onondaga County's IDA said no to the county auditor who wanted to take a look at one of OCIDA's deals (Rick Moriarty, The Post-Standard).

Fiscal crises

Former Lt. Gov. Richard Ravitch and former Fed chair Paul Volcker are out with their report on state budget crises (Casey Seiler, Times-Union).

Four upstate New York mayors met yesterday to start brainstorming ways to deal with looming deficits and budget shortfalls, reports The Post-Standard's Teri Weaver.

Development

Craig Fox reports for the Watertown Daily-Times three projects in Watertown are competing for regional council funding.

The former Bethlehem Steel site outside of Buffalo may soon have a major new tenant, reports WBFO's Mike Desmond.

Ithaca is considering approval of a new apartment building and expansion of a hotel (Andrew Casler, The Ithaca Journal).

Odds and ends

A new poll finds most New Yorkers support implementing the federal heath care reforms (Rick Seltzer, CNY Business Journal).

Sen. Charles Schumer is lobbying for SUNY Buffalo to be the place to win federal money to research replacements for rare earth materials, reports the Innovation Trail's Daniel Robison.

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