VERONA — The board of directors of the New York State Environmental Facilities Corp. (EFC) recently approved and announced almost $5.27 million in zero-interest financing to the town of Verona to construct a wastewater-collection system in one of its hamlets.
The town is extending municipal-sewer service to the hamlet of Verona in the southern portion of the town, where residential and commercial properties are served by private, onsite wastewater-treatment facilities. These failing and inadequate subsurface disposal systems will be replaced by a wastewater-collection system, main pump station, and force main that will flow by gravity to the City of Oneida’s Wastewater Treatment Plant. The plant is large enough to accept the flow from the proposed district, according to the EFC.
“Replacing failing septic systems with a modern collection system will improve the environment, protect public health and create economic development opportunities in and around the hamlet of Verona,” EFC President and CEO Matthew Driscoll, said in the release. Driscoll was previously mayor of Syracuse.
(Sponsored)

The OBBBA Resurrects the Immediate R&E Expense Deduction
Under the Tax Cuts and Jobs Act (TCJA), businesses, including manufacturers, have been required since 2022 to amortize domestic Section 174 research and experimental (R&E) costs over five years, rather

Small Business Accounting Errors and How to Avoid Them
Running a small business presents many challenges, which can draw your attention in multiple directions at once. Keeping track of your company’s finances is essential to its long-term success and


