New York State Comptroller Thomas DiNapoli announced that the New York State Common Retirement Fund earned an estimated 11.42% return on investments in the state fiscal year that ended on March 31, 2017. The Fund has an estimated value of $192 billion. The fund earned its best annual return since 2014 when it had a …
NEW YORK —Mayor Bill de Blasio has introduced the Freelance Isn’t Free Act, the first law of its kind in the country, which is now in effect. The Law gives freelance workers the legal right to written contracts, timely payment, and freedom from retaliation. Under the Law, freelance workers can now file a complaint with …
NEW YORK—Mayor Bill de Blasio has announced a major investment in closing the largest gap in the Manhattan Waterfront Greenway, and an administration-wide push underway to complete the vision of a contiguous 32-mile waterfront pedestrian promenade and bicycling path around the whole of Manhattan. In his budget announced today, the Mayor will dedicate $100 million …
NEW YORK—Mayor Bill de Blasio announced that the City has closed on the acquisition of the CitiStorage site, which is a major step forward in completing Bushwick Inlet Park in Brooklyn. In December, the City announced that it would acquire the $160-million, 11-acre parcel of land, allowing for the completion of the 27-acre park. The …
On Monday, the NYC Fire Department (FDNY) launched its first ever tethered drone to respond to a fire in a 6-story building on Crotona Park North in the Bronx. The $85,000 FDNY tethered drone weighs 8 pounds and incorporates both a high-definition camera and infrared camera. These capabilities allow the drone to transmit live images …
BROOKLYN — Mayor Bill de Blasio joined leaders from New York City’s fashion, film and television industries to announce the City’s $136 million commitment in a ‘Made in New York’ Campus at Bush Terminal. The underutilized Sunset Park buildings will be transformed into a hub for garment manufacturing and film and television production, and support …
NEW YORK—The New York Public Library and Mayor Bill de Blasio announced a new name for Harlem’s 115th Street Library. The Executive Committee of the Library’s Board of Trustees voted to name the branch the Harry Belafonte –115th Street Library. “Harry Belafonte has a storied career as both an artist and an advocate for New …
NEW YORK – NY Attorney General Eric Schneiderman has filed a lawsuit against Charter Communications Inc. (“Charter”) and its subsidiary Spectrum Management Holdings, LLC, (f/k/a Time Warner Cable, Inc.,) (together, “Spectrum-TWC”) for allegedly conducting a deliberate scheme to defraud and mislead New Yorkers by promising internet service that they knew they could not deliver. Spectrum-Time Warner …
NEW YORK— Mayor Bill de Blasio and Patrolmen’s Benevolent Association (PBA) President Patrick Lynch announced a tentative contract agreement covering 23,810 employees of the NY Police Department. With this settlement, the City has secured deals with each of its uniformed unions through the 2010-2017 round of bargaining. This is only the second voluntary settlement reached …
NY Governor Andrew Cuomo announced the launch of a confidential toll-free hotline for New Yorkers to report family members, relatives, friends or colleagues believed to be passengers on flights coming into the state, but are missing or believed to be detained. The hotline bolsters the state’s efforts to protect the rights of New Yorkers, their …
BROOKLYN — The U.S. Department of Transportation has selected a research consortium led by NYU’s Tandon School of Engineering to become the first Tier 1 University Transportation Center (UTC) in New York City that will research new methods of transportation in urban areas. The consortium proposal, led by Kaan Ozbay, a professor in the NYU Tandon …
NEW YORK — President-elect Donald Trump has nominated Jay Clayton Chairman of the Securities and Exchange Commission (SEC) and said he wants to get rid of many regulations that affect businesses. Clayton is currently a partner with NY law firm Sullivan & Cromwell and brings decades of experience helping companies navigate complex federal regulations to …
Workers in New York City will see the minimum wage increase to $11 today as part of a plan by Governor Andrew Cuomo to increase wages for 2.1 million New Yorkers.. The campaign marks the first benchmark of the phase-in schedule for the minimum wage increase, which will ultimately reach $15 an hour and impact …
NEW YORK—Mayor Bill de Blasio announced that 56th Street between 6th and 5th avenues near Trump Tower will reopen to crosstown traffic, following several weeks of closure. In addition, the New York City Police Department will relocate their mobile command post from the southwest corner of 56th Street to the northwest corner of 56th Street. This will allow …