Tag:

Moody's

Morris
Police & Fire
Former Moody's Lawyer From NJ Admits Failing To Pay Taxes Former Moody's Lawyer From NJ Admits Failing To Pay Taxes
Former Moody's Lawyer From NJ Admits Failing To Pay Taxes A Morris County man who served as a longtime general counsel to Moody's has pleaded guilty to willfully failing to file federal income tax returns for four years, federal authorities said. John Goggins, 63, of Chatham, grossed $54 million "from wages, restricted stock awards, the exercise of annual nonqualified stock options, interest, dividends, and gains from stock sales" from 2018 through 2021, U.S. Attorney for New Jersey Philip R. Sellinger said. "Goggins failed to file federal income tax returns for those years," Sellinger said. Goggins had been a senior vice-president and general co…

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by Jerry DeMarco
White Plains
News
'Financial Resilience': Westchester County's Bond Rating Outlook Upgraded By Fitch Ratings 'Financial Resilience': Westchester County's Bond Rating Outlook Upgraded By Fitch Ratings
'Financial Resilience': Westchester County's Bond Rating Outlook Upgraded By Fitch Ratings Westchester County's bond rating outlook has been upgraded by Fitch Ratings, a reflection of the county's "improved financial operations," officials said.  The county's bonds have been assigned an "AA+" rating by Fitch, and the county's rating outlook has been upgraded to "positive" from "stable," according to an announcement by county officials from Monday, Nov. 21.  "This is all done by good strategic planning and budgeting, we have increased the county’s unrestricted general fund balance, bolstering the County's overall financial resilience," said Westchester County Execut…

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by Ben Crnic
DV Plus - Westchester
Politics
This Politician's Unaccustomed To Challenges At The Polls This Politician's Unaccustomed To Challenges At The Polls
This Politician's Unaccustomed To Challenges At The Polls Greenburgh Supervisor Paul Feiner will not say it out loud to news reporters, but he is facing his toughest challenge in many years on Tuesday, Nov. 5 Turnout for early voting in the town has been reported as strong and Feiner, a Democrat, has not had a challenge in the November general election since 2007. An estimated 1,300 residents already have voted. About 10,000 can be expected to vote townwide through Tuesday. The last time Feiner faced any opposition was in the 2013 Democratic primary election, which Feiner won.  In earlier interviews, Feiner has acknowledged that independent …

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by Jon Craig
DV Plus - Westchester
Politics
Greenburgh Supervisor Challenged In November For First Time Since 2007 Greenburgh Supervisor Challenged In November For First Time Since 2007
Greenburgh Supervisor Challenged In November For First Time Since 2007 One of Westchester County's longest-serving town supervisors is facing a rare challenge at the polls this fall. For the first time in a dozen years, longtime Greenburgh Supervisor Paul Feiner, a Democrat and former county legislator, will have an opponent on Nov. 5. Independent challenger Lucas Cioffi will be on the ballot this fall appearing on the Greenburgh Party line. Feiner has served the town as supervisor for the last 28 years. The last time he faced any opposition was in the 2013 Democratic primary election, which Feiner won. Cioffi, a 39-year-old software engineer and entrepreneur…

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by Jon Craig
Mount Vernon
Politics
After Weeks Of Consternation, Mount Vernon City Council Approves 2019 Budget, Again After Weeks Of Consternation, Mount Vernon City Council Approves 2019 Budget, Again
After Weeks Of Consternation, Mount Vernon City Council Approves 2019 Budget, Again After seeing their approved budget vetoed, the Mount Vernon City Council pulled a veto of their own, overriding Mayor Richard Thomas’ veto and passing a $112 million with a near 2 percent rise in taxes. The City Council voted four to one on Wednesday night to uphold a budget that was passed earlier this month, despite protestations and dissent from Thomas. The newly approved spending plan will see the average taxpayer spending approximately $77 more this year. The passage comes after weeks of contention between Mount Vernon Mayor Richard Thomas, Comptroller Deborah and the City Council over …

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by Zak Failla
Mount Pleasant
Business
Fashion Retailer Charlotte Russe To Close Stores In Westchester, Rockland Fashion Retailer Charlotte Russe To Close Stores In Westchester, Rockland
Fashion Retailer Charlotte Russe To Close Stores In Westchester, Rockland Another traditional brick-and-mortar retailer will soon be shuttering its doors in the Hudson Valley. Charlotte Russe Holding Corp., which operates Charlotte Russe, a fashion brand for females filed for Chapter 11 bankruptcy protection over the weekend, impacted local stores. The company announced that it is planning to close 94 stores, including locations at the Jefferson Valley Mall in Yorktown Heights and Rockland Plaza on Route 59 in Nanuet. The stores at the Galleria Mall in White Plains and Palisades Center in West Nyack were not on the initial list of locations closing. Charlotte Ru…

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by Zak Failla
White Plains
News
Will Westchester Residents Soon Be Paying Higher Sales Tax? Will Westchester Residents Soon Be Paying Higher Sales Tax?
Will Westchester Residents Soon Be Paying Higher Sales Tax? Despite already being one of the more heavily taxed counties in the country, Westchester homeowners and shoppers may soon see a hike in sales tax. Westchester officials are reportedly hopeful that the state will approve an increase in local sales tax which could help steady the county’s finances. However, according to a lohud report, no formal request has been made, and it is unclear how much taxes may be increased. The report states that Westchester County Executive George Latimer plans to first reach out to area business owners before he makes his formal case to New York State offici…

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by Zak Failla
Stamford
Business
Netflix Hiking Prices For 58M US Subscribers Netflix Hiking Prices For 58M US Subscribers
Netflix Hiking Prices For 58M US Subscribers Streaming shows and movies are about to get more expensive for more than 55 million Americans. For the second time in two years, Netflix announced that it will be raising subscription prices in the United States, affecting an estimated 58 million customers. Netflix’s basic standard definition plan is going up from $8 to $9 a month, its standard HD plan is going up from $11 to $13 a month, and its premium 4K plan is going up from $14 to $16 a month.  The basic plan lets users stream one show or movie on a single device at a time in standard definition; the standard plan allows users to…

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by Zak Failla
White Plains
Business
Westchester County Loses AAA Credit Rating Westchester County Loses AAA Credit Rating
Westchester County Loses AAA Credit Rating Westchester’s financial report card saw its credit rating cut one level by two prominent agencies. Westchester County was notified by S&P Global Ratings and Fitch Ratings that the county’s financial outlook has been downgraded to AA+.  Moody’s assigned Aa1 to Westchester, officials announced on Tuesday afternoon. The county has now lost its AAA rating - the highest ranking available - in each of the Big 3 rating agencies. Bloomberg News cited Westchester's move to "draw down its cash reserves to cover retroactive raises given to government employees" as the primary reason fo…

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by Zak Failla
Putnam
Politics
Odell Stresses School Safety, Development In State Of County Address Odell Stresses School Safety, Development In State Of County Address
Odell Stresses School Safety, Development In State Of County Address Putnam County Executive MaryEllen Odell stressed school safety, smart financing and county development last week in her annual State of the County speech.During Odell's seventh State of the County address, which was held at Putnam County Golf Course on March 15, the Republican proclaimed that Putnam County is moving in the right direction, highlighted by dramatic cuts in county debt, stable tax rates and key infrastructure investments. The investments include along the Route 6 corridor and construction of a new senior center in Cold Spring and the renovation of a senior center in Carmel. Od…

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by Jon Craig