Church Street School Creates the Butterfly Way

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WPCNR SCHOOL DAYS. From Church Street School. June 14, 2011 UPDATED WITH PIX:


Parents and teachers have pioneered the very first walk-through butterfly pavilion for the students at Church Street School. 



“To our knowledge, it’s the only one in the area and the only one located at a public elementary school,” said Darrell Stinchcomb,(inside the butterfly pavilion) Church Street Principal.   “We have an enclosed outdoor classroom at our school.  It’s a unique resource that has helped bring hands-on science and enrichment into our students’ learning experience.”  


Parents and teachers have partnered to make more with less. 


“Our district and many others face huge budget cuts.  We felt that creating a butterfly house was one way to bring a class trip experience into the school,“ said Mrs. Benge, Kindergarten Teacher and Garden Committee Coordinator. 


“As a team, parents and teachers on our garden committee researched and studied how to put one together.  The only examples we found were located at the big zoos and museums.  There wasn’t a kit or instructions available so we decided to tackle this by being inventive,” Mrs. Benge said. 



Butterflies flitting about inside  a butterfly hatchery in a classroom where they have emerged from cocoons. The butterflies were ordered from a national supplier. The butterflies are released in the walk-through butterfly net for children to observe.


An energetic, talented parent designed the structure in place at the school.    “Mrs. Ahearn fashioned the butterfly house out of a batting cage and sewed more than one hundred yards of mosquito netting to create the dome.  It’s an amazing invention.  We can’t wait to see the kids enjoy it,” said Mrs. Benge.

On Monday June 13th the pavilion opened for classes to explore.  There is a literacy component to this project.  Students will read a nonfiction book on a book walk posted at 17 reading stations situated around the school. 



The courtyard was initiated ten years ago by former principal, Michael DeChance.  It was dedicated to Mr. DeChance last June when he transferred to Mamaroneck Avenue School.  The area houses several raised garden beds, which were donated by White Plains entrepreneur Anthony Topping.  Mr. Topping developed the nationally distributed Frame-it-All raised beds which can be seen by visiting www.frameital.com .  



 In addition, the area is home to native plants and bird feeding stations developed by the Audubon Society, and one resident squirrel living in the pinetree penthouse. The Church Street Squirrel greets the art class every morning, Principal Stinchcomb reports.



Church Street School is a science and technology themed school.  It has 711 students in grades K through five.   Its web address can be accessed by visiting www. wpcsd.k12.ny.us  and clicking on the schools tab.


Previously, fifteen years ago the enclosed area was home to rabbits and ducks which were relocated due to ongoing maintenance issues.

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INSIDER TRADERS GUILTY’ West Harrison Druggist Sentenced for Distributing drugs

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WPCNR FBI WIRE. SPECIAL TO WPCNR From the Federal Bureau of Investigation. June 13, 2011: 




PREET BHARARA, the United States Attorney for the Southern District of New York, announced that ZVI GOFFER, who worked at the Schottenfeld Group LLC and Incremental Capital; EMANUEL GOFFER, who worked at Spectrum Trading LLC and Incremental Capital; and MICHAEL KIMELMAN, who worked with Incremental Capital, were found guilty today by a jury in Manhattan federal court of conspiracy and securities fraud crimes in connection with their participation in an insider trading ring comprised of Wall Street professionals and attorneys.


The GOFFER brothers and KIMELMAN were convicted after a three-week trial presided over by U.S. District Judge RICHARD J. SULLIVAN.


In another case involving prescription drugs distributed without prescriptions, Bharara announced SCOTT BURKO, 47, a pharmacist, of West Harrison, Westchester County, was sentenced today in White Plains federal court to two years in prison for participating in a conspiracy to dispense prescription drugs without valid prescriptions and dispensing prescription drugs unlawfully and with intent to defraud and mislead. United States District Judge KENNETH M. KARAS imposed the sentence.


In the insider trading conviction,


 BHARARA stated: “Zvi Goffer may have had a reputation in the hedge fund world for being ubiquitous, but today he, along with his brother Emanuel and Michael Kimelman, discovered they are not above the law. Since this case was first brought by this office, our prosecutions have been responsible for dismantling elaborate networks of corrupt executives who gamed the system, exploited their access to proprietary information, shirked their ethical responsibilities, and violated the law with impunity.


With today’s guilty verdicts, each and every one of the defendants originally arrested in the Galleon insider trading investigation now stands convicted. And we will continue to work tirelessly with our partners at the FBI to root out corporate corruption on Wall Street and to hold privileged professionals who gallop over the line accountable for their actions.”


According to the Superseding Indictment filed in Manhattan federal court, other court documents, and statements made during related court proceedings:


The defendants, along with their co-conspirators, including JASON GOLDFARB, who was an attorney in New York, New York; ARTHUR CUTILLO and BRIEN SANTARLAS, who were attorneys at the law firm of Ropes & Gray LLP in New York, New York; CRAIG DRIMAL, who worked in the office of the now-defunct Galleon Group (“Galleon”), but was not employed by Galleon; and DAVID PLATE, who worked as a proprietary trader at The Schottenfeld Group, operated an insider trading network through which ZVI GOFFER obtained, revealed, and traded on material, nonpublic information (the “Inside Information”) regarding mergers and acquisitions of public companies.


ZVI GOFFER and others paid sources, including CUTILLO and SANTARLAS, in exchange for Inside Information. In violation of their duties of confidentiality to Ropes & Gray and its clients, CUTILLO and SANTARLAS provided Inside Information about several mergers and acquisitions of public companies for which Ropes & Gray was providing legal services prior to the public announcements of the deals, as well as other information that they learned in the course of their employment at the law firm.


EMANUEL GOFFER and MICHAEL KIMELMAN, among others, received this Inside Information. For example, CUTILLO and SANTARLAS received cash payments for providing Inside Information concerning the acquisition of 3Com Corporation and Axcan Pharma, Inc., to GOLDFARB, who passed the Inside Information to ZVI GOFFER. GOFFER subsequently passed the Inside Information concerning 3Com to others, including EMANUEL GOFFER and MICHAEL KIMELMAN, who also earned profits trading on the information.


These defendants, along with their co-conspirators, DRIMAL and PLATE, traded hundreds of thousands of shares of stock based on the Inside Information and collectively earned millions of dollars in profits for themselves and their firms.


ZVI GOFFER, 34, of New York, New York, was convicted of two counts of conspiracy to commit securities fraud and 12 counts of securities fraud. EMANUEL GOFFER, 32, of New York, New York and MICHAEL KIMELMAN, 40, of Larchmont, New York, were each convicted of one count of conspiracy to commit securities fraud and two counts of securities fraud.


Each of the conspiracy counts carries a maximum sentence of five years in prison and a fine of the greater of $250,000 or twice the gross gain or loss from the offense. Each of the securities fraud counts carries a maximum sentence of 20 years in prison and a fine of $5 million or twice the gross gain or loss from the offense.


ZVI GOFFER is scheduled to be sentenced by Judge SULLIVAN on September, 21, 2011, at 2:00 p.m.


EMANUEL GOFFER is scheduled to be sentenced by Judge SULLIVAN on October 7, 2011, at 10:00 a.m.


MICHAEL KIMELMAN is scheduled to be sentenced by Judge SULLIVAN on October 7, 2011, at 2:00 p.m.


GOLDFARB, 32 of New York, New York; CUTILLO, 34, of Ridgewood, New Jersey; DRIMAL, 55, of Weston, Connecticut; PLATE, 36, of New York, New York; SANTARLAS, 34, of Hoboken, New Jersey; and SHANKAR, 36, have all previously pled guilty to conspiracy and securities fraud charges.


Mr. BHARARA praised the extraordinary work of the Federal Bureau of Investigation. He also thanked the SEC for its assistance in the investigation of this case.Assistant U.S. Attorneys ANDREW L. FISH and RICHARD C. TARLOWE are in charge of the prosecution.


In the prescription drugs sentencing today in White Plains,


In imposing the sentence on BURKO, Judge KARAS, citing the defendant’s “brazen and longstanding criminal conduct” and the fact that his conduct required “planning, guile, and attention to detail,” underscored the need to impose a sentence that would deter others from engaging in similar conduct.


On November 30, 2010, BURKO pled guilty to three counts of an Indictment. The first count to which BURKO pled guilty charged that BURKO participated in a conspiracy from at least 2003 through March 31, 2006, to cause the dispensing without valid prescriptions of prescription drugs held for sale after shipment in interstate commerce. According to the Indictment, BURKO worked as a pharmacist for a company that operated pharmacies in Rockland County, Orange County, Dutchess County, and Westchester County.


The second and third counts to which BURKO pled guilty charged that BURKO dispensed Prednisone on April 8, 2005, and March 31, 2006, pursuant to fraudulent prescriptions. As charged in the Indictment, on both occasions, BURKO dispensed Prednisone, a steroid, in 10 milligram tablets, pursuant to fraudulent prescriptions BURKO issued in the names of fictitious patients.


According to statements made by the Government during prior proceedings in this matter and in the Government’s submission filed in advance of the sentencing proceeding:


On 163 occasions, BURKO falsified pharmacy records and filled and dispensed Prednisone prescriptions for fictitious individuals. The dispensing of Prednisone pursuant to the fraudulent prescriptions was part of a larger scheme by which BURKO and at least one co-conspirator stole drugs from the pharmacies at which BURKO worked. Burko falsified pharmacy records to make it appear that he had received oral prescriptions (via telephone calls from doctors) for Prednisone for fictitious patients.·


BURKO then “filled” the false prescriptions and dispensed the medication to a co-conspirator, who came to the pharmacy to pick up the medication. When the co-conspirator left the pharmacy, he left with a bag containing the Prednisone, as well as numerous other medications.


In addition to his sentence of two years in prison, BURKO was also ordered to pay $400,000 in restitution. Judge KARAS also imposed a term of three years’ supervised release.


Mr. BHARARA praised the efforts of the Federal Bureau of Investigation in connection with this matter. Mr. BHARARA thanked the Clarkstown Police Department for its assistance in the investigation.


This case is being handled by the White Plains Division of the United States Attorneys Office. Assistant United States Attorney MARCIA S. COHEN is in charge of the prosecution.

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School Board Meets 2nite;Make 11-12 $$ Cuts Real: 38 Positions Go.1 Admins.

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WPCNR SCHOOL DAYS By John F. Bailey. June 13, 2011 UPDATED 4:10 P.M. E.D.T.:


 


The Board of Education meets this evening to take the legislative steps to enact the $185.5 Million 2011-12 school budget to begin the new school year July 1.


 


The Board will vote on eliminating 38 positions, permanently, and to place Teachers and Teaching Assistants with the least seniority whose jobs are being eliminated on the Preferred Eligible List for 7 Years.


 


Being furloughed permanently from teacher ranks are 16 positions:  11 Teaching Assistant Positions, 5 full-time Teachers, and one administrator.


 


The meeting will be in White Plains High School Media Center at 7:45 P.M., following a reception for retirees and staff who have served 25 years.





On the administrative side the position Assistant Superintendent for Pupil Services (previously paying over $170,000 plus benefits as the previous holder of the position,  Ann Lillis, retired), is to be eliminated.


 


The Board plans to hire a new Director of School Facilities & Operations, due to the resignation of Floyd Young who leaves the district June 17.


 


The Board will also hire a new position in the school finance department replacing Jackie Mackin, who retired last September, but has continued to serve on a free lance arrangement. The new position will be titled School Business Administrator/Treasurer and, accordint to Michele Schoenfeld, Clerk to the Board, the salary anticipated is between $100,000 to $115,000 plus benefits.


 


Suzanne Lasser, Director of ELL Programming K-12, is expected to be award tenure this evening.


 


Culled from the Civil Service ranks are 13 positions, that include– 2 Custodians; 3 Maintenance Mechanics (apparently made possible in part by the City of White Plains agreeing to do maintenance on school-board-owned vehicles and other equipment); 2 Spanish Speaking Office Assistants; 2 Office Assistants, 1 Secretary and 3 Teacher Aides.


 


The Adult Basic Education and Continuing Education Program will be eliminated as of July 1. Two persons are retiring from the district as a result from the termination of that program.


 


The Board will also raise the cost of school lunches 25 cents to $2.25.


 


WPCNR has contacted Fred Seiler, Assistant Superintendent for Business for the specific figures, and Mr. Seiler says the 36 positions eliminated save the district $1,830,000 in salaries and benefits, working out to $50,833 per person furloughed. WPCNR had previously estimated the savings to be substantially higher.


 


The new school budget for 2011-12 is $185,536,466, up 1.09% from last year. The  budget the last three years has stopped the tradition of 7% growth every year for 10 years which saw it double in the decade between 97-98 and this year.


 


As reported exclusively on last week’s television program White Plains Week, viewable at www.whiteplainsweek.com  the 32 administrators listed in the school budget average $151,000 a year in salary plus an addition $50,000 in benefits (health and retirement).


 


The 32 Administrators earn $4.8 Million in total payroll plus benefits.


 


The average teacher earns about $90,000; the average administrator earns $151,000.


 


Nineteen of the 32 administrators reported as administrators in the new school budget earn over $151,000.


 


The five Elementary School Principals earn from $150,000 to $175,623.


These Elementary Principals are supported by 5 Assistant Principals paid $122,220 to $151,869.


 


The two Middle School Principals earn $162,000 and $175,623.


 


The high school Principal (in her second year as an interim appointment) is the third highest paid in the district at $200,000, Only the Superintendent of Schools and the Assistant Superintendent for Business earn more.


 


She is assisted by two high school House Administrators who earn $154,593 snf $156,836, and two Assistant Principals  who earn $159,901 and $142,590.


 


The Guidance Director earns $153,574.


 


Eight Coordinators of Curriculum average $137,165 (but also teach).


 


Co-Special Education Coordinators earn $172,433 and $140,590 respectively.


 


The Director of Support Services will be paid $163,097.


 


The Director of Management Information Services will take home a check of $161,645.


 


The meeting convenes at 7:45 P.M. at the White Plains High School Media Center, on North Street, following a reception for retirees and 25-year stadd.

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Court Street is Now Detective Michael Perry Way. WP HONORS FALLEN HERO

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WPCNR PHOTOGRAPHS OF THE DAY. June 13, 2011: 



Mayor Thomas Roach with Theresa Perry, and her two sons, David and John  unveiling the eternal remembrance of Detective Michael Perry Sunday renaming Court Street in his name.


One year ago Sunday, Officer Michael Perry died in the line of duty after chasing and arresting an alleged shoplifting suspect at the corner of Main Street and Court Street. After escorting the suspect back to police headquarters, officer Perry collapsed and died the first officer to die in the line of duty in White Plains in over twenty years.


Sunday over 100 police and public safety officers gathered to rename Court Street Detective Michael Perry Way in his honor. Here is how it looked as his parents, widow and children looked on, remembering, respecting, contemplative of what public safety officers put on the line for the community every day, and remembering a much-loved member of the department.



Mayor Thomas Roach awarded White Plains first-ever “Medal of Honor” to Theresa Perry, Sunday afternoon, with Commissioner of Public Safety David Chong. Mr. Roach, in his remarks said that Detective Perry “gave everything he had,”  and regretted that reckless acts by individuals often end up costing the lives of officers as was the case in Detective Perry’s heroic efforts.



An emotional Commissioner of Public Safety David Chong, delivered the following remarks  in Detective Perry’s honor:


 


“…Thank you White Plains Department of Public Safety, and especially thank you to the Perry Family.


One year ago today, we in Public Safety lost a hero, the City lost a valuable member of its staff, and the Perry family suffered the greatest lost as they lost a beloved one.


Today we gather here on the corner where that horrible day began, to pay homage to Detective Michael Perry. The corner of Main Street and Court Street in Downtown White Plains, the heart of this beautiful and vibrant city will always have a street signed, dedicated to our hero, Michael Perry.


Throughout the year, Detective Perry’s memory and sacrifice has been honored throughout the United States of America and the Law Enforcement profession. His name appears on the New York State Fraternal Order of Police Wall in Hicksville, Long Island, as well as the Memorial Wall in Albany, our State Capitol and on the National Police Officers Memorial Wall in Washington, D.C.


It is only fitting that his name will forever appear in the heart of the City in which he served with Pride, Integrity and Courage.


All these accolades and ceremonies are well befitting a hero, who gave the ultimate sacrifice. We must always remember to be thankful to the Perry family and as a City we always will.


At the end of the day, we must remember that Theresa is going home without a husband, David and John, without a father, and Patricia and Patrick without their son as well as his brother and sisters, friends and extended family without Michael.


I wish to thank the entire City Administration from Mayor Tom Roach, through the council, all city staff, my staff and everyone in the Department of Public Safety, the PBA, especially the Executive Board led by President Robert Riley and President Jim Carrier, for making this past year as bearable as possible.


Theresa, John, David, Patrick and Patricia, and the entire Perry Family and friends, as I promised a year ago, we will never forget our Hero Detective Michael Perry.  May God bless you all and always look over you. Always know that we will be there for you as Michael was there for us.”



The rememberers and Commissioner Chong were touched and brought to tears by NYPD Sergeant Michael Devine’s plaintive tenor voice softly rendering the song “Tell My Father,” from the play Civil War. It was evocative and invoked the never-ending sense of loss that the ceremony recognized.The Sergeant sang…


Tell my father that his son
Didn’t run, or surrender
That I bore his name with pride
As I tried to remember
You are judged by what you do
While passing through
As I rest ‘neath fields of green
Let him lean on your shoulder
Tell him how I spent my youth
So the truth could grow older
Tell my father when you can
I was a man
Tell him we will meet again
Where the angels learn to fly

[ From: http://www.metrolyrics.com/tell-my-father-lyrics-john-barrowman.html ]

Tell him we will meet as men
For with honor did I die
Tell him how I wore the Blue
Proud and true through the fire
Tell my father so he’ll know


I love him so
Tell him how I wore the blue


Proud and true like he taught Me
Tell my father not to cry
Then say goodbye





MAYOR ROACH, right, prepares to unveil the Perry memorial. Below, Public Safety officers, city officials  gathered at the corner of Main and Court to pay their respects.




Detective Perry’s sister and his father,Patrick, with Mayor Thomas Roach, right and Commissioner Chong at the June 8 awards ceremony at the Department of Public Safety when the Medal of Honor for Detective Perry was announced. Photo, Courtesy, White Plains Department of Public Safety.

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Novo Nordisk Pharmaceutical Company Settles Alleged Medicaid Fraud Fed Suit

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WPCNR FBI WIRE. From the Federal Bureau of Investigation. June 13, 2011:



Novo Nordisk, Inc. has entered into a civil settlement agreement with the United States in which it has agreed to pay the United States and several states $1.725 million to resolve allegations that the company caused false or fraudulent claims to be submitted to the Medicaid program in connection with its marketing of the diabetes drugs Novolin, Novolin 70/30, Novolog, and Novolog 70/30.


The settlement was announced by Loretta E. Lynch, United States Attorney for the Eastern District of New York.


As alleged in the civil settlement agreement, Novo Nordisk sales representatives in four states and the District of Columbia made payments to Rite Aid pharmacists in exchange for those pharmacists recommending the Novolin and Novolog products.


The pharmacists, together with Novo Nordisk sales representatives in those states, identified patients who were candidates to use Novolin or Novolog and communicated with physicians, patients, or other pharmacists to encourage them to use or recommend the use of those drugs. As part of these activities, the pharmacists accessed, or allowed Novo Nordisk representatives to access, confidential patient information, which was used for the purpose of conducting marketing events that were designed to switch patients from competitor diabetes drugs to Novolin or Novolog.


In addition to entering into the federal settlement and agreeing to enter into settlement agreements with the states, Novo Nordisk, which has not admitted to engaging in the conduct at issue, has also entered into a Corporate Integrity Agreement with the Department of Health and Human Services, Office of Inspector General.


The investigation that lead to the settlement began after a former Novo Nordisk sales representative filed a complaint against the company on behalf of the United States in the Eastern District of New York. Under the federal False Claims Act, a private individual who has uncovered fraud against the federal government may file a suit in federal court on behalf of the United States. If the United States is successful in resolving those claims, the individual who filed the complaint may receive a share of the recovery.


“We are committed to battling health care fraud, especially when money is exchanged in an attempt to impact treatment decisions,” stated United States Attorney Lynch. “The allegations in this case were particularly egregious because they involved the disclosure of confidential patient information.”


“When pharmaceutical companies pay kickbacks – as Novo Nordisk is alleged to have done – it is especially insidious because patients may not be receiving untainted medical advice,” said Tom O’Donnell, Special Agent-in-Charge of New York’s Office of the Inspector General for the Department of Health and Human Services. “When those in the health care industry insist on misusing private patient health information at taxpayer expense, they should not be surprised when they are held accountable for their actions.”


Janice K. Fedarcyk, Assistant Director-in-Charge, Federal Bureau of Investigation, New York Filed Office, stated, “Those in the health care industry are entrusted with the responsibility of protecting confidential patient health information. The exploitation of that confidential information for increased profits turns taxpayers and customers into unwitting victims.”


The government’s case was handled by Assistant U.S. Attorneys Paul Kaufman and James Cho, and Rebecca Ford of the Department of Justice’s Civil Frauds Branch, who were assisted by Affirmative Civil Enforcement auditor Emily Rosenthal. The Corporate Integrity Agreement was negotiated by Mary Riordan and Keshia B. Thompson, Senior Counsel of the Office of Counsel to the Inspector General of the U.S. Department of Health and Human Services. The model state settlement agreement was negotiated by Lelia P. Winget-Hernandez of the Virginia Attorney General’s Office.

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Governor Introduces Pension Reform Plan for New Employees of State Only. Sixth T

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WPCNR ALBANY ROUNDS. From the Governor’s Press Office. June 9, 2011:


Governor Andrew M. Cuomo announced Wednesday  he has introduced pension reform legislation that would impose a new Tier VI for future employees and save taxpayers $93 billion over the next 30 years, a figure that does not include New York City. These reforms will reduce costs for local governments and schools and help get control of local property taxes for homeowners and businesses across the state. The bill also includes, at the request of Mayor Michael R. Bloomberg, a separate pension reform proposal for New York City and the uniformed services.


The new pension tier will increase the retirement age for new employees from 62 to 65, increase employee pension contributions and end so-called pension padding where employees accumulate substantial amounts of overtime in their final years of service to increase their pension.


 


“The numbers speak for themselves – the pension system as we know it is unsustainable,” Governor Cuomo said. “This bill institutes common-sense reforms to bring government benefits more in line with the private sector while still serving our employees and protecting our retirees. Reducing the skyrocketing pension burden faced by local governments and schools will also help get control of local property taxes that are driving New Yorkers from their homes and from the state.”


Assemblyman Robert Castelli of the White Plains/Lewisboro 89th Assembly District applauded the effort with one caveat:


“We’ve long believed that the tax cap, coupled with legitimate mandate relief, was the one-two punch needed to make the State whole again.While the tax cap, as proposed, will take care of the first part of that, I am concerned that this program does not go far enough to provide us with immediate mandate relief.It is also worth noting that the conditions that brought us to this fiscal crossroads were created by Albany insiders, and not the hardworking individuals and municipalities who will bear the ultimate brunt, and immediate impact of these decisions.”


The projected savings to the State, over the next thirty years, will be in excess of $93 billion dollars, and, when coupling that with the projections for the recently instituted Tier V system, may increase that savings to over $120 billion, and that I applaud,” Castelli commented in a written statement to WPCNR


“However, in order to protect working families, and for municipalities to see immediate mandate relief, action needs to be taken on some of the more pressing mandate relief issues, such as Wicks law reform, suspension or repeal of the Triborough Amendment, and addressing the questionable costs associated with the MS-4 stormwater mandate.”


The Governor’s news release describes the effects of the new Tier VI:


Since 2001, pension contributions by the state, local governments and schools increased from $368 million to $6.6 billion outside New York City.During the same period for New York City, pension costs increased from $1.1 billion to $8.4 billion.This level of growth raises property taxes and impacts government’s ability to provide services.


Provisions in the legislation include:



  • Raising the retirement age from 62 to 65
  • Ending early retirement
  • Requiring employees to contribute six percent of their salary for the duration of their career
  • Providing a 1.67 percent annual pension multiplier
  • Vesting after 12 years instead of 10 years
  • Excluding overtime from final average salary
  • Using a five year final average salary calculation with an 8 percent anti-spiking cap
  • Excluding wages above the Governor’s salary of $179,000 from the final average salary calculation
  • Eliminating lump sum payouts for unused vacation leave from the final average salary calculation
  • Prohibiting the use of unused sick leave for additional service credit at retirement

The reform of the state pension system would impact new hires by the state and local governments, including school districts. The City pension reform plan would cover new employees of New York City, including the uniformed services.


The bill is available here. The bill memo is available here.


Mayor Michael Bloomberg said, “We have, for the last six months, been engaging with stakeholders in City and State government and our partners in municipal labor, on a vital question we’ve raised for years: how to protect both city services and the strength of our retirement funds over the long term.The Governor’s bill will do just that — by making sensible pension reforms that won’t impact a single current employee or existing retiree, this legislation will create $30 billion in savings over the next 30 years for the City, which will ensure we can afford the services and workforce that City residents depend on, and provide a secure retirement for municipal employees long into the future.”


Carol Kellermann, President of the Citizens Budget Commission, said, “Rapidly rising pension costs have squeezed the budgets of every government in New York State and contributed to New York’s high tax burden. New York needs an affordable pension plan that reflects current economic times and can be sustained over the long term. Governor Cuomo’s proposal for a new tier is fiscally responsible and would provide significant relief to taxpayers and local governments.”


Stephen J. Acquario, Executive Director of the New York State Association of Counties, said, “Pension costs are projected to rise at unsustainable rates for public employers and their taxpayers. Governor Cuomo’s Tier VI measure will provide much-needed long-term relief while still protecting the financial integrity of the retirement system.NYSAC supports the Governor’s proposal which will modernize the State’s pension system and provide efficiency and stability to ease the local burden of skyrocketing pension costs.”


Peter Baynes, Executive Director of the New York Conference of Mayors, said, “Governor Cuomo’s proposal to add a new Tier to the pension system is good news for local governments and their property taxpayers. The cost of the public pension system has grown out of control, and we need to take proactive steps to rein it in. This plan will ultimately save billions in taxpayer dollars while providing a stable, secure retirement system for public employees. We look forward to seeing the Governor’s bill pass this session.”


G. Jeffrey Haber, Executive Director of the Association of Towns of the State of New York, said, “Towns are always looking for responsible ways to minimize the real property tax burden for their residents.The current economic climate necessitates changes to the existing retirement formula. We applaud Governor’s Cuomo’s efforts to address this situation by the introduction of a Tier VI pension reform plan.”


Timothy G. Kremer, Executive Director of the New York State School Boards Association, said, “School districts have been punished by escalating pension costs for the last several years. The current retirement systems are no longer sustainable.Saving $93 billion over time will provide welcome relief to school districts and taxpayers struggling to make ends meet.”


Robert J. Reidy, Jr., Ph.D., Executive Director of the New York State Council of School Superintendents said, “Governor Cuomo’s measure to rein in pension costs is commendable. In recent years, most school districts have had to freeze or cut all other spending to absorb steep pension cost increases.This plan will save billions in taxpayer dollars and provide much-needed relief to school districts all over New York state.”


Jamestown Mayor Sam Teresi said, “I applaud Governor Cuomo’s efforts to seek long overdue reform to the Public Employee’s Pension System. His plan will ultimately bring much needed relief to local governments, school districts and the State government itself, whose budgets have all been ravaged by exploding pension costs during recent years. To those who claim that the benefits of the proposed Tier 6 will do nothing to help overburdened taxpayers now, I remind them that had foresight and leadership such as this been demonstrated 10-15 years ago, our punitive tax burden, problems and pain of today would have been significantly more manageable. Proverb teaches us that ‘A journey of a thousand miles begins with a single step’. This is a significant leap and I look forward to working with the Governor and Legislature to follow this up with even more initiatives to restructure and retool the Governments of the Empire State.”

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WCA Selects Hud Valley Econ Director to Implement Business-Financed Economic Rev

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WPCNR DOLLARS AND SENSE. From Westchester County Association. (Edited) June 7, 2011:


Bill Mooney, President of the Westchester County Association named Marissa Brett WCA Executive ?Director of Economic Development today. Ms. Brett’s role will be to implement The Blueprint for Westchester, a million plan to be funded by WCA business members to improve Westchester economic performance by attracting new businesses to the county. She begins the assignment July 5.


Mooney praised what he called her record of attracting investment and new jobs to the Hudson Valley the last six years as head of the Hudson Valley Economic Development Corporation that represents seven counties north of New York City.



Economic Revivalist. Marissa Brett


At HVEDC, Ms. Brett developed all real estate marketing efforts and launched a region-wide transaction database of all lease and sales transactions in a quarterly report, Hudson Valley Real Estate Transaction Tracker. Her report is credited in the news relase as filling 7 Million square feet of commercial space and creating about 6,000 jobs. Prior to 2005, when she joined HVEDC, she marketed commercial real estate of 1.4 million square feet for Albert B. Ashforth, Inc.


 


 


As part of her duties at the WCA, Brett will craft and execute a strategy to market the county’s available real estate for economic growth, building on her many existing relationships in the real estate and site selection communities.


 “We want to ensure that Westchester is top of mind when businesses consider relocating or expanding,” Brett said in the news release.


Brett holds a bachelor’s degree from Fordham University.  She also obtained her masters of corporate real estate from CoreNet Global, the leading global corporate real estate network. a native of Carmel, She serves on the Board of Directors for the United Way of Westchester and Putnam and also on the Putnam County Industrial Development Agency. 

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Study of Golf Courses, Hutch Tract Approved. Rezoning of Golf Courses Possible

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WPCNR COMMON COUNCIL CHRONICLE-EXAMINER. By John F. Bailey. June 7,2011:


 


The Common Council last night approved floating $363,600 in bond anticipation notes renewable annually at .75 %  to pay an engineering firm and a law firm to study four privately owned golf clubs and a stretch of land along Hutchinson Parkway to ascertain whether the properties need rezoning to “bring these regulations into greater conformity with, and to better implement  the stated visions of the 1997 Comprehensive Plan.





Councilman David Buchwald commenting on the bond, ( an outgrowth of the April 4 moratorium halting for six months any decisions on development of recreational lands so the city could conduct studies and update the city Comprehensive Plan), defended the expenditure as being a far cry from spending  $15 Million (that the Council refused to do, to acquire the Ridgeway Country Club, as proposed by the previous Mayor Adam Bradley last fall.)


 


Buchwald said the expenditure is to analyze the  golf courses (now in private hands)  to determine if they need to be rezoned in view of environmental conditions. He pointed out that the law firm hired for $49,500, Silverberg & Zalantis, had performed a similar rezoning for the Town of Mamaroneck. That zoning has stood up in the State Court of Appeals when challenged by properties seeking to develop their property.


 


After the meeting, Buchwald told WPCNR the law firm might or might not formulate different zoning for each individual property,(depending on the findings of the study ) An engineering firm VHB Engineering, Surveying and Landscape Archetecture, principals of whom are John Saccardi and David Schiff (who worked on the original 1997 Comprehensive Plan) will conduct the survey for $305,000, plus up to $5,000 for printing expenses. Buchwald did not seem worried that individual properties affected by any possible rezoning, might challenge any rezoning (if any would be created) on grounds it devalued their property. Buchwald allowed their might be some difference of opinion.


 


 


The clubs that will be studied are Westchester Hills Golf Club, former Ridgeway Country Club (now owned by the French American School of New York ) , a portion of Fenway Golf Club located in White Plains, Maplemoor Golf Course (a county property), and a portion of Hutchinson River Parkway in White Plains.


 


Mayor Tom Roach told WPCNR, the study was being done to see if any rezoning needed to be considered.  Councilperson Milagros Lecuona during the meeting, said previous Open Space Acquisition Committee studies of 13 properties, was not a detailed study such as will now be done, but simply an effort to see whether properties could be linked.


 


The interest actually works out to a .40% interest, when the net interest cost is deducted from the cost of borrowing over 20 years, is figured into the equation, according to City Finance Commissioner, Michael Genito


 


Roach said the study would begin as soon as possible.


 

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Madoff Employee Pleads Guilty. Agreees to Cooperate

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WPCNR FBI WIRE From the Federal Bureau of Investigation. June 6, 2011:


PREET BHARARA, the United States Attorney for the Southern District of New York, announced that ERIC S. LIPKIN, a former employee in the investment advisory business of Bernard L. Madoff Investment Securities LLC (“BLMIS”), pled guilty today to a six-count superseding information charging him with conspiracy, falsifying books and records of a broker-dealer, falsifying books and records of an investment adviser, bank fraud, and making false statements to facilitate a theft concerning the Employee Retirement Income Security Act (“ERISA”). LIPKIN also agreed to cooperate with the government in its ongoing investigation of BLMIS. LIPKIN pled guilty in Manhattan federal court before U.S. District Judge LAURA TAYLOR SWAIN.


According to the superseding information, plea agreement, and other documents filed in connection with the case:


LIPKIN was employed by BLMIS from the mid-1980s through December 11, 2008, when the firm collapsed. In 1996, LIPKIN and his co-conspirators, including, among others, FRANK DIPASCALI, DANIEL BONVENTRE, ANNETTE BONGIORNO, JOANN CRUPI, JEROME O’HARA, and GEORGE PEREZ, began falsifying the books and records at BLMIS. For instance, LIPKIN, working with other co-conspirators, created fraudulent account statements detailing the account values of several investment advisory (“IA”) accounts at BLMIS. LIPKIN also prepared letters and statements setting out fake holdings purportedly held in multiple BLMIS IA accounts.































Count Charge Maximum Penalties
1 Conspiracy to (1) falsify books and records of a broker-fealer; (2) falsify books and records of an investment adviser; and (3) to falsify statements to facilitate a theft concerning ERISA 5 years in prison; 3 years’ supervised release; fine of the greatest of $250,000 or twice the gross gain or loss; and a mandatory $100 special assessment.
2 Conspiracy to commit bank fraud 5 years in prison; 3 years’ supervised release; fine of the greatest of $250,000 or twice the gross gain or loss; and a mandatory $100 special assessment.
3 Falsifying books and records of a broker-dealer 20 years in prison; 3 years’ supervised release; fine of the greatest of $5,000,000 or twice the gross gain or loss; and a mandatory $100 special assessment.
4 Falsifying books and records of an investment adviser 5 years in prison; 3 years’ supervised release; fine of the greatest of $250,000 or twice the gross gain or loss; and a mandatory $100 special assessment.
5 Making false statements to facilitate a theft concerning ERISA 5 years in prison; 3 years’ supervised release; fine of the greatest of $250,000 or twice the gross gain or loss; and a mandatory $100 special assessment.
6 Bank fraud 30 years in prison; 5 years’ supervised release; fine of the greatest of $1,000,000 or twice the gross gain or loss; and a mandatory $100 special assessment.

Further, in connection with reviews by the U.S. Securities and Exchange Commission (“SEC”) and a European accounting firm, LIPKIN, DIPASCALI, BONVENTRE, CRUPI, O’HARA, PEREZ, and other co-conspirators created false and fraudulent BLMIS books and records as well as false documents purportedly obtained from third parties in the ordinary course of business at BLMIS. For example, LIPKIN and others created fake reports purportedly obtained by the Depository Trust Company (“DTC”). These fake reports purported to show the securities holdings of BLMIS IA clients when, in fact, these holdings did not exist. LIPKIN knew the purpose of these fake DTC reports was to mislead auditors.


LIPKIN was also responsible for processing the payroll and administering the 401(k) plan at the firm, as well as preparing and maintaining internal payroll records. During his tenure at BLMIS, and at the direction of other co-conspirators, including BONVENTRE, LIPKIN created false BLMIS books and records reflecting individuals who did not actually work at the firm. He was aware that there were individuals who did not work for the firm, but who nevertheless received salaries and benefits. Furthermore, LIPKIN included a number of fake employees in the total number of employees that he reported to the DOL.


LIPKIN, 37, of New Jersey, faces a statutory maximum sentence of 70 years in prison. A chart outlining the statutory maximum sentences for each of the charged offenses is attached. He is also subject to mandatory restitution and criminal forfeiture and faces criminal fines up to twice the gross gain or loss derived from his crimes. Pursuant to the cooperation agreement entered into with the government, LIPKIN will forfeit at least $1.4 million as well as his interest in his home and various investment accounts. The net proceeds from the sale of the forfeited property will be used to compensate victims of the fraud.


LIPKIN was released on a $2.5 million bond on the condition that the bond be co-signed by seven financially responsible individuals and secured by $800,000 in cash and property. In addition, LIPKIN’s travel is restricted to the District of Connecticut, the District of New Jersey, and the Southern and Eastern Districts of New York. He will be subject to strict pretrial supervision. LIPKIN has surrendered his passport. A sentencing control date is set for December 15, 2011, at 11:00 a.m.


DIPASCALI previously pled guilty to several charges in connection with the fraud that occurred at BLMIS and is cooperating with the government in its ongoing investigation. Charges against BONGIONRO, BONVENTRE, CRUPI, O’HARA, and PEREZ remain pending and are merely accusations. They are presumed innocent unless and until proven guilty.


Mr. BHARARA praised the investigative work of the Federal Bureau of Investigation, the Office of Labor Rackeetering and Fraud Investigations of the U.S. Department of Labor’s Office of Inspector General, and the U.S. Department of Labor’s Employee Benefits Security Administration. He also thanked the SEC for their assistance.


This case was brought in coordination with President BARACK OBAMA’s Financial Fraud Enforcement Task Force, on which Mr. BHARARA serves as a co-hair of the Securities and Commodities Fraud Working Group. President OBAMA established the interagency Financial Fraud Enforcement Task Force to wage an aggressive, coordinated, and proactive effort to investigate and prosecute financial crimes. The task force includes representatives from a broad range of federal agencies, regulatory authorities, inspectors general, and state and local law enforcement who, working together, bring to bear a powerful array of criminal and civil enforcement resources. The task force is working to improve efforts across the federal executive branch, and with state and local partners, to investigate and prosecute significant financial crimes, ensure just and effective punishment for those who perpetrate financial crimes, combat discrimination in the lending and financial markets, and recover proceeds for victims of financial crimes.


The case is being handled by the office’s Securities and Commodities Fraud Task Force. Assistant U.S. Attorneys LISA A. BARONI, JULIAN J. MOORE, ARLO DEVLIN-BROWN, BARBARA A. WARD, and MATTHEW L. SCHWARTZ are in charge of the prosecution.

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67 Years Ago Today–on an overcast Day…

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WPCNR MILESTONES. June 6, 2011:





Sixty-six  years ago this morning, thousands of troops stormed the beaches in Normandy, France in the largest invasion in history. The bloody assault against a heavily defended coastline, involving incredible courage and sacrifice by allied troops, landing craft, paratroops, signalled the beginning of the end of the Third Reich and the regime of Adolf Hitler’s Nazi Germany.

The quiet beaches of Normandy today. The  hundreds of rows of white crosses in cemetaries around the little town bear silent vigil to the sacrifice of those brave men and women who fought, died, and triumphed this day 66 years ago today.



We can in no way, or through no motion picture know what any veteran experienced. The veterans who still are with us do not like to talk about their combat experiences. And they do not. One veteran of D-Day, asked what he thought of Saving Private Ryan and the realism of it, said the real D-Day was worse. However, veterans we have interviewed remark that they think of their combat experience every day. It is always with them.

It is inconceivable to me that I could ever be able to do what these men and women did. I would like to hope I could. However, the veterans have. They left ordinary lives as office workers, factory workers, farmers, accountants, and what have you and were able to go to war and “rise to the occasion,” or as they say today, “step it up to the next level.” The highest level.


Few of them are left now. But today their sacrifice should be remembered.


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