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Law, Accounting & Taxes

Empire Center says N.Y.’s Climate Act needs “green guardrails”

ALBANY — The sweeping climate law that New York State passed in 2019 to reduce greenhouse-gas emissions through bans, regulations, and taxes is “deeply flawed” and needs the state legislature to reassert its authority over climate policymaking to avoid “costly and economically destructive mistakes.” That’s according to a recent report from the Empire Center for […]

Former Utica school superintendent Karam pleads guilty to public corruption charge

UTICA, N.Y. — Former Utica City School District (UCSD) Superintendent Bruce Karam pleaded guilty to one felony charge of public corruption in connection with using taxpayer funds to help support a political campaign relating to the 2021 Utica City School Board election and a non-school related fundraiser, State Comptroller Thomas P. DiNapoli announced. As part

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Sylvester McClearn

McClearn named director of pension fund’s Emerging Manager Program

Interim tag removed ALBANY — New York State Comptroller Thomas DiNapoli on Feb. 7 announced the appointment of Sylvester (Sly) McClearn as director of the New York State Common Retirement Fund’s Emerging Manager Program.  McClearn had been appointed interim director of the program back in February 2023. The pension fund’s Emerging Manager Program invests with

EBRI study: student-loan debt hampers 401(k) participation

Making student-loan debt payments was found to have a “negative impact” on both the average 401(k) employee-contribution rate and account balance, according to a new research report published Feb. 8 by the Washington, D.C.–based Employee Benefit Research Institute (EBRI) and J.P. Morgan Asset Management.  The report, “Student Loans and Retirement Preparedness,” provides information on how

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