School Board Cuts No More. Goes with 3.91% Tax Increase. School Aid Loss Culprit

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WPCNR SCHOOL DAYS. By John F. Bailey. March 9, 2009: The  first Board of Education Budget Hearing on the 2009-10 budget  was held tonight, and the school board announced no new reductions in the budget. The Assistant Superintendent for Business Fred Seiler confirmed that the new Assessment Roll i(as previously reported by WPCNR last week) is at $286.8 Million, requiring the district to generate a tax levy of $149.9 Million on a school budget of $185.9 Million.  Seiler pegged the new tax rate White Plainsians will pay at $522.68 per $1,000 of assessed valuation. Two years ago, that tax rate was $474.61 per $1,000.



HEARING NIGHT, EDUCATION HOUSE.


Seiler blamed this year’s increase on the $5 Million drop in city assessments combined with a loss of state aid of $1.5 Million next year, and the increase in the debt service for the capital project, the last installment of which will be borrowed for in 2009-10.


 


 


 


For reference, if you own a White Plains home priced at $700,000, with an assessed value (after the STAR BASIC EXEMPTION computation  of $15, 100 — you are paying $7,618 in school taxes this year. Next year you will pay $7,892.47, unless more state aid is forthcoming. A school tax increase of $275. If your house is worth $1 Million and up,  depending on your assessment you’re going over the $10,000 mark in school taxes.   



REVENUES FINALLY UNVIELED.  Note whack out of state aid, $1.6 Million and Interest on Investments ($850,000)  necessitating $2.4 Million of the $3.1 Million budget increase.


Superintendent of Schools Timothy Connors said any aid coming from the state  bailout stimulus now being dolled out in Albany will not likely be showing up in school districts until 2011-2012 and 2012-2013.


$185,912,042 Budget is $7.2  Million less than allowed Contingency Budget


Fred Seiler pointed out that by the state forumula the school district would have been allowed a Contingency Budget of $193.2 Million, noting that the budget presented tonight was 7.2 Million less than if the district had decided to raise the budget to the allowable Contingency Budget level — a level first predicted by WPCNR in the early budget process.



The District options, if the budget were to be defeated  would be:  resubmit the same budget or lower it below the budget first presented.  Seiler assured the public that if the $185.9 Million school budget was voted down May 19, the school district could not submit the allowable Contingency Budget. The district could either resubmit the $185.9 Budget for a revote or lower it.


Mr. Seiler said the tax levy increase of $3,164,930 was 2.16%, the lowest in Southern Westchester, and that the budget-to-budget increase of .81% was the second lowest in  Southern Westchester.


Apres Moi, le Deluge.


Seiler cautioned that next year the district faced a major increase in contributions to the teachers and state employee retirement funds due to the plunge in investment returns due to the “Catastrophe of 08″


Three persons spoke at the hearing before a packed Education House of about 100 persons.


 

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School District: Layoffs, Cuts Announced Tonight?

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WPNCR SCHOOL DAYS. By John F. Bailey. March 9. 2009: The Board of Education meets this evening and will unveil the latest version of the touchy 2009-2010 School Budget. Will they cut or will they not?


 


As analyzed on White Plains Week last Friday night and its internet telecast, at www.whiteplainsweek.com, (see the telecast at 7 tonight on Public Access 76 (Cablevision) or  FIOS Channel 45) WPCNR notes that with the drop of the city assessment roll of  about $5 Million dollars, the school budget going into this evening’s meeting ($185.9 Million) needs to raise taxes $16 per $1,000 to $519/$1,000 of assessed value to make up for the lost $4.3 Million in revenues due to the drop in the assessment roll to $186.8 Million. Tonight, it is expected the district will go over its expected revenues, which may or may not result in a larger tax increase.


 


Superintendent of Schools Timothy Connors is expected to announce layoffs. The meeting is open to the public at 5 Homeside Lane, Education House at 7:30 P.M. Also on the agenda is approvals of substitute teachers and extra-curricular activity appointments.


 



 


The head of the White Plains Teachers Association, Kerry Broderick,  told WPCNR last week, the district is planning to fire 24 certified teachers, 20 Teaching Assistants, plus secretaries, custodians and security guards adding up to a total of 58 layoffs in order to make further cuts in the budget. The teachers union is currently in state-supervised mediation talks with the district over their impasse in salary and benefits negotiations,


 


Broderick said the mood of negotiations is not good. She charged that no administrators were being cut. The Superintendent of Schools, Timothy Connors told WPCNR, he did not know where those numbers came from and that there would “across-the-board” layoffs, including administrators. Broderick said the school board was taking the attitude that “the board thinks we (the teachers) owe them so much.” She charged that “negotiating with the School Board is like negotiating with JELL-O. Every time I think we have something, they change their mind. It (a new contract) is in their hands, I don’t know what they’re going to do.”


 


Connors said he would detail the cuts in personnel this evening.


 


From a city standpoint, the Common Council is expressing no interest or concern about the budget publicly. With the drop in the city assessment roll to $285.2 Million, if the city keeps the budget the same as it is this year, $161.7 Million the district needs $1 Million to “catch up” with the assessment drop. The city tax rate will go from $147 per $1,000 of assessed value to $151/$1,000 – if the city keeps the budget where it is.


 


If they roll over the budget to $168. Million, the tax rate will go up to $173 per $1,000 of assessed valuate. Your city tax for a $700,000 home will go from $2,700 to $3,200, up $500. If the city does a modest budget increase to $165 Million – they will need only a $159 per $1,000 of value and the city tax on the $700,000 will go up only $238 to $2,938.


 


Since the city has not even projected revenues yet  which the city says is expected to be down about $9 Million plus – that would have to be figured into any tax increase in addition, unless of course the city decides to cut the budget substantially.


 


To date, the city has said they have cut the budget, and there has been talk of the city entailing contingency budgets for next year. To date despite weekly requests by WPCNR for detailed lists of the cuts, the city has not confirmed any, and has not given a list of the cuts.


 

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The Con Edison Story: Explaining Its ‘Rate Hedging’ and NYISO to Albany

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WPCNR THE POWER NEWS. March 9, 2009: Last Thursday, Con Edison representative Joseph Oates testified before Assemblyman Richard Brodsky on the New York Independent System Operator benefits to New York, and discussed how Con Edison “hedges” its electric power purchases that Con Edison feels limits the volatility of Weschester customers’ electric rates.


Here is Mr. Oates’ testimony:





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Governor Proposes Raising State Employee Retirement Age, Length of Pay-In.

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WPCNR ALBANY ROUNDS. From Westchester County Association. March 9. 2009: Governor David A. Paterson  announced that the pension reform proposal included in his 2009-10 Executive Budget will save taxpayers a cumulative total of $48.5 billion over the next 30 years. The following announcement was made by the Governor’s office yesterday.  “I recognize the important contribution public employees make to life in New York.  But in this time of fiscal crisis, we need to implement reforms across all areas of State spending,” said Governor Paterson.  “The changes I have proposed will continue to deliver a secure retirement for pensioners, but at a more affordable cost to taxpayers.  We must use our current fiscal crisis as an opportunity to make smart choices today that will pay big dividends in the future, particularly for overburdened local property taxpayers.”
Governor Paterson’s Executive Budget would create a new tier of pension benefits (TierV) for most newly hired public employees.  Many of the proposed changes for Tier V would remove pension enhancements added in recent years to Tier IV.  These new rules include restoring the minimum retirement age from 55 to 62; requiring employees to continue contributing a percentage of their salaries towards pension costs for their entire careers rather than ending contributions after ten years; increasing the 2 percent multiplier threshold from 20 to 25 years; restoring the minimum years of service required to draw a pension from five to ten years; and others.
 
Local governments and the State would immediately realize savings from these proposals because their required contributions to their respective pension funds for new employee hires subject to Tier V would be lower than that for current employees.
 
Clearly we are gratified by the Alliance’s work led by Dick French President of RNN and we deeply appreciate the support of our membership.
 
A copy of the full impact of the pension reform is available at
http://www.budget.state.ny.us/pubs/press/2009/finalPensionReport.pdf 

 

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Senior Citizens? Need Help with Your Taxes?

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WPCNR TAX NEWS. March 6, 2009: The AARP is offering  free tax return preparation by AARP volunteers at the White Plains Senior Center, 65 Mitchell Place, White Plains, Mondays, Tuesdays and Thursday 10 A.M. to 3 P.M. All taxpayers, with low to moderate income are eligible to receive free help in preparing federal and state tax returns. Electronically filed returns are prepared to speed tax refuns at the Center. For info, contact George Curtis AARP Tax Coordinator.

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Fortunoff Becoming Just A Memory. Who’s Next? How Many Will We Let Leave?

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WPCNR PHOTOGRAPH OF THE DAY. By the WPCNR ROVING PHOTOGRAPHER. March 6, 2009: The professional liquidators taking care of the business of wiping Fortunoff in White Plains and the “Forties” at points West and East off the face of the earth, stepped up the advertising from last week’s lone Advertising Operative (man with sign in front of store) to this mobile billboard circulating about the streets of White Plains yesterday.  



A sad sight. Soon Fortunoff’s will be just a pleasant retail memory only old-time shopoholics remember. Photo by the WPCNR Roving Photographer


Who remembers now Wallachs, Floorscheim Shoes, Knapps Shoes, Borders, B. Altman & Company, Robert Hall, Saks Fifth Avenue, JC Penney, Woolworths 5 and 10, and in more recent memories: Korvettes (pronounced Core Vetties), Caldor’s, Crazy Eddie (His Prices Are Insane), A & S, Pipe & Bowl? When every store you strolled by was interesting to go into? Well, most every store.


Like old baseball fans,when serious shoppers like my mother get together, these are the experiences they swap, remember, and trade, talking about the great bargains they had, the certain feel of their favorite store, the great buys they got, the in-store cafes and snack bars. Where is that stimulus by way Washington? Have we stimulated the banks, the brokers, the investment banks, the insurance companies, the mortgage companies and taken care of our rich buddies enough already? Buddy can you just lower the principal of my loan just a tad? All I want is a few grand — not 40 Billion.


Will we wait until the last store has left the malls?


Who has White Plains lost this year? Fortunoff, Borders, The Corner Nook (which could still have been in business by the way if not for the Common Council), Circuit City, Filene’s Basement, Todai, the Japanese seafood place, not too mention the stores closed from construction projects not started, 10 shops along Mamaroneck Avenue and some shops in the Galleria, which continues to draw traffic, a bright spot. However, The Westchester is not drawing very well at all, except for The Apple Store which draws customers  lots of them every hour of the day. The Westchester Pavilion has good draws at MacDonald’s and Sports Authority, but without Borders, they hurt.


Malls have to think about knocking out their outrageous parking fees down to zero.  The City has to declare a Sales Tax Free day or a cut in the sales tax for one day a week, as my colleague Jim Benerofe suggests. We still have the best shopping in Westchester, the safest city, a fine restaurant line up if a tad expensive, but the Iron Tomato, City Limits, Dorry’s Diner, Brooklyn’s Famous Pizza and Subs, the pizza stops, fill in the gaps for us deadbeat reporters, but the Malls need help.


Shop White Plains Card Coming


The BID (Business Improvement District) is about to launch a  “Shop White Plains” Card for its BID Members, but it has to do a lot more than just offer discounts, and it needs to be out there soon. Or at least free-parking or a get-out-of-a-parking ticket free pass with purchase. Parades are not the only answer.


Get some of those Street Ambassadors to explain the new parking machines that the White Plains Department of Parking Commissar of Coin has installed. Mr. Moroni is the most efficient of the city Commissioners, perhaps a little too efficient, since the reputation of the Parking Enforcement Officers has spread worldwide.  


No offense, Mr. Commissar, you are just doing your revenue raising mission, and that is a good thing within reason.) However, everytime I go out to park in White Plains, I end up having a person come up to me asking me “how do I use this machine?” like they used to ask how to play a jukebox in the 50s.  I am not making this up. The machines are not “well-signed.” That has to be fixed.


Young and old alike stop me for explanations of the machines. It happens to me too often to not mean that understanding the “Moroniolas”  is not a problem. Despite the fast-moving  “Black and White Scat Cars” of the Parking Enforcement Elite Strike Force


(I am just having fun with a purpose, Parking Enforcement Officers. White Plainsians,  who pay parking fines, appreciate your professionalism and quick-strike capability and respect it, and you have made us agonizingly sensitive to each tick of the clock, measuring out our lives in 15 minute, 25 cent segments,  which perhaps kills off that last minuter impulse purcahse. It is fortunate White Plains Parking Violations does not have the death penalty, because we’d be targeted nationally.) 


But it is significant that parking fine collections were down $800,000 the first 7 months of the year. People are either getting the message all too well that parking is a nightmare in White Plains, or it’s the economy. Could it be a little of both?


Where is the Under Assistant West Coast Sharp Promotion Man or Woman?


We need serious promotion of this city, here. Coordinate sales in stores better with the gazillion parades. On the Juneteenth Parade every minority from miles around should be in this city this year. Make it an Obama Day! 


Or, not too late to do this: How about $5, $1, whatever  off every purchase if wearing green on St. Pat’s Day?  Come on BID, bail your merchants out, make a start. The Shop White Plains Card is a good idea…but let’s make it really valuable.


Have a talent show downtown.


Keep the Wheels in WP


You also have to do something to make people buy cars in White Plains — not in Mamaroneck, Yonkers,  or on Central Ave. Offer some sort of big sales tax reduction: Buy a car in White Plains, we pay a quarter of your sales tax, or something like that. Once the car dealers start pulling out of WP you are really hurting and they won’t be back. You have to help them survive


Help Media Help


Where are the radio station remote broadcasts of the past that used to draw traffic? Of course, you don’t have radio stations today that are part of the community or consider themselves a part of it -they are promotionally brain dead. I cannot remember when I last tuned in WFAS, WVOX or WHUD. No news, just sports, and the school closings. Bring back Bob E. Lloyd! Murray Bennett. There is no good reason to listen to FAS anymore. But, if they started serving the community, maybe we would.  Radio station remotes would bring that back.


I cannot remember when I saw the WFAS truck in White Plains. And how about News 12 giving a White Plains News Cast  or segment in their regular programming? I know one guy who could do it — Peter Katz, but no matter who does it News 12 should do it.  If worse comes to worse the BID could buy a simple promotion segment on News 12 and promo the city progress and News 12 could run it.  A News 12-a-thon in White Plains during one of the parades. or even on a non-parade weekend — say July 4 — what a good thing.


Department of Promotion, Please


You have to make White Plains attractive to shoppers again. Is anyone thinking out there in the downtown? Has anyone noticed how empty our premier malls are?


Though we are the place to drink and date in Westchester County, and the safest place to eat and drink, thanks to the White Plains Department of Public Safety  (moving vio tickets with a smile, DUIs tenderly, understandingly handled,  disorderly conducts smoothly conducted away), and despite issuing liquor licenses at the fastest pace in the free world,  White Plains needs to tell our shopping story better as a community before all the stores leave.


Remember once a big box store leaves, and you have to give them incentive to come in again and that usually costs us a lot more than it does to keep them here but running professional promotions — more of them — not that I am saying the city has not tried to promote itself well in the past — but the time to promote more is when things are going bad. Not pull back.


I am sorry if I offended anyone, this was just supposed to be a dab of melancholy, but I hate what that picture says at the top of this column and we have to bring our goods to the people, provide good value and incentive to buy.  Even if people are watching their dollars, what dollars they spend should be here. Especially if they live here.

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Unemployment in White Plains at Highest Rate since 1992. Healthier Than County.

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WPCNR THE WALLET REPORT.  New York State Department of Labor. (EDITED)  March 6, 2009: The state labor department today reports 1,900 White Plains residents out of a city labor force of 31,300 residents were unemployed in White Plains at the end of January with 300 more applying for unemployment benefits through January 12. The percentage of unemployed White Plainsians, the state reports is 6.1% the highest since the end of 1992 when the rate was hovering at 6.4%. (It was 7% in January of 1992.)  


White Plains’ unemployed have risen by 800 persons since December of 2007, from 1,100 to 1,900, the Labor Department reports. The statistics are available at http/www.labor.state.ny.us/workforceindustrydata/laus.asp.


Johnnie Nelson, Labor Analyst for the Department of Labor in White Plains speculated to WPCNR that  the rise in unemployed residents to the large number of commuting residents to New York City and the surge in layoffs in the financial sector. He described White Plains unemployed as tax-paying residents who list White Plains as their home, but not necessarily where they were employed.



The Westchester County Unemployment Rate is running ahead of the White Plains pace at 6.8%, according to the Labor Department.


The last time Westchester experienced this level of job loss was January and February of 1992. In January, 2009,  the Labor Department reports 33,600 unemployed persons in the county in a work force of  492,900 persons (through January 12).


This number of unemployed has been climbing, up a full percentage point in a month. This is the fourth consecutive month unemployment in the county  has risen. Unemployment has gone from 25,000 county residents in October to 33,600 in four months.  The total amount of unemployed persons in the county has almost doubled in 13 months from 18,200 in December of 2007 to 33,600 as of mid-January.


Elsewhere…


For the 12-month period ending January 2009, private sector employment in the Hudson Valley decreased 13,000, or 1.8 percent, to 726,900.  Only educational and health services (+4,100) added jobs.  Job losses were largest in trade, transportation and utilities (-6,400), manufacturing (-2,500), natural resources, mining and construction (-2,500), professional and business services (-2,400), and financial activities (-1,300).  The government sector added 800 jobs over the year.


Labor market analyst observation: 



     The region’s labor market deteriorated in 2008 as it lost 13,000 private sector jobs for the 12-month period ending January 2009.  Of particular concern is the region’s construction industry, which has long enjoyed modest job gains despite growing national job losses.  Between January 2008 and January 2009, the job count in this sector was down 2,500 or 4.9 percent. With more layoff announcements looming on the horizon, the region’s economy will continue to feel the effects of the deepening U.S. recession.


The Labor Department defines an “unemployed person” included in these statistics as follows:


Labor force, employment and unemployment data are based on the same concepts and definitions as those used for the official national estimates obtained from the Current Population Survey (CPS), a sample survey of households that is conducted for the U.S. Bureau of Labor Statistics by the U.S. Bureau of the Census. Definitions of these concepts follow:


Civilian Labor Force is the sum of civilian employment and civilian unemployment. These individuals are civilians (not members of the Armed Services) who are age 16 years or older, and are not in institutions such as prisons, mental hospitals, or nursing homes.


Civilian Employment includes all individuals who worked at least one hour for a wage or salary, or were self-employed, or were working at least 15 unpaid hours in a family business or on a family farm, during the week including the 12th of the month. Those who were on vacation, other kinds of leave, or involved in a labor dispute, were also counted as employed.


Civilian Unemployment includes those individuals who were not working but were able, available, and actively looking for work during the week including the 12th of the month. Individuals who were waiting to be recalled from a layoff, and individuals waiting to report to a new job within 30 days were also considered to be unemployed.


Unemployment Rate is the number of unemployed as a percentage of the labor force.


 

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THE ELECTRIC EMPIRE STRIKES BACK! NYISO–WE SAVED YOU $2. 2 B Yearly. 18%

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 WPCNR THE POWER NEWS. From the NYISO, (EDITED) March 5, 2009: In  response to Assemblyman Richard Brodsky’s charge based on the American Public Power Association report of McCullogh Research that NYISO overseeing of the wholesale electric markets costs New York consumers $2.2 Billion annually in excess payments, at a  hearing today in Albany, the New York Independent System Operator (NYISO) reported today in testimony to the New York State Assembly that 2008 wholesale electricity prices, adjusted for fuel costs, were 18% lower than prices in 2000 when the markets began operating in New York, a $2.23 Billion reduction in wholesale electricity costs on a current annual basis, raising the question of whose numbers are correct. 


“While the cost of fuel has driven the cost of electricity higher in recent years, the numbers here in New York show that, after adjusting for the cost of fuel, the markets have produced wholesale energy prices approximately ten percent lower than they were in the year 2000. In fact, if it had not been for the increases in the cost of fuel, (italics ADDED, WPCNR)  competitive markets would have yielded wholesale prices for electricity, including both generating capacity and energy, 18 percent lower than in the year 2000, or over $2 billion on a current annual basis,” said Stephen G. Whitley, NYISO President & CEO.



 


In his testimony, Whitley noted the significant impact of fossil fuel prices on electricity costs, “The greatest variable cost in generating electricity in fossil fuel plants is the cost of fuel. Needless to say, the costs of oil and natural gas are governed by world energy prices, beyond the control of the New York ISO or the State of New York. Despite this, the wholesale energy markets in New York have been effective to control other costs. In the second half of 2008, wholesale electricity prices in New York declined significantly as natural gas prices dropped. Natural gas prices decreased by 43 percent from June to December, and the statewide average cost of wholesale power dropped by 51 percent in that same period.”


Con Edison bills up, not down.


(Editor’s Note: WPCNR feels obliged  to point out though, Mr. Whitley’s testimony considered,  the reported “wholesale power drop” did not correspond to Consolidated Edison’s dramatic  price increases  to White Plains consumers on a real time usage basis in October, December and January. Consolidated Edison attributed this to Con Edison power purchasers purchasing electricity futures with hedge contracts which were being made up due to a lag between when power was contracted for and when it was used by the White Plains consumer.


As reported on White Plains Week, Con Edison Supply Costs to White Plains electric users went up 345% between December and January from 2.86 cents per kwh in November to 9.85 cents per kilowatt hour in January, according to Consolidated Edison bills.


The overall electric bill went up 59% from December through January, from 11.06 cents  in November to 17.81 cents in January. WPCNR and White Plains await the March bill as we write.


Con Edison explanation for this at the time as reported on White Plains Week was the way Con Edison purchases power through long-term contracts and hedge contracts for purchasing electric power at a pre-determined price. )


Mr. Whitney continued.


“However, the recent drop in fossil fuel prices, and the decrease in demand linked to a troubled economy, must not lull us into complacency about planning for New York’s energy future, ” Whitley cautioned. ” Without sustained investment in diverse, non-polluting energy resources and the transmission infrastructure needed to transport these clean and renewable power supplies to high demand areas, New York’s electricity consumers will continue to see power price swings tied to volatile fossil fuel prices.”


He noted that New York’s wholesale electricity markets have produced an array of benefits, including:


Renewable “green power” resources are flourishing in New York


o There are now more than 1,000 MW of wind generation in operation and over 8,000 MW of renewable resource projects proposed for grid connection.


Investment has added new generation and transmission serving New York


o Since 2000, over $5.5 billion has been invested to build more than 6,000 MW of new generation, with more than 80% sited where demand is greatest (New York City, Long Island, and the Hudson Valley). New transmission facilities, with investments of nearly $1 billion, have increased the capacity connecting New York and neighboring markets by nearly 1,000 MW.


Demand-side programs have developed and expanded in New York markets


o There are more than 2,000 MW in NYISO demand response programs, which provide incentives for electricity customers to reduce their power use during times of peak demand. The size of the programs, equivalent to four large power plants, has grown more than 10-fold since the inception of New York electricity markets.


“Fair and competitive markets are fundamental to some of the important goals we seek to achieve, such as the investment in renewable resources, increasing our fuel diversity and independence, which leads to a cleaner environment, and the addition of jobs to our struggling economy,” Whitley said.


“The current pricing method provides greater efficiency and the ability to monitor bidding effectively, thus providing transparency and protection to consumers. It creates a marketplace that enables smaller generators, such as wind and other renewable power providers, to compete more fairly and effectively with larger traditional power producers. Now is the time for us to move forward to build more enabling infrastructure – transmission and Smart Grid enhancements – to allow greater penetration of renewables, enhance energy efficiency, increase fuel diversity, lower emissions, and lower costs to consumers,” he stated.


The full text of the testimony is available on the NYISO website (www.nyiso.com).


###


The New York Independent System Operator (NYISO) – www.nyiso.com

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Con Edison Says It Is Not Responsible for Power Supply Cost in Response to Brods

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WPCNR THE POWER NEWS. From Consolidated Edison. March 5, 2009 UPDATED 6:31 E.S.T.: The Media Communications Department of Consolidated Edison asked by WPCNR what their reaction was to New York Assemblyman Brodsky hearing today held to explore how the New York Independent System Operator (NYISO) sets electric rates that cost New Yorkers more than any other markets which have regulated electricity, released the following statement:


The study (conducted by the American  focuses on power supply costs, which usually comprise more than half the customer’s bill.  Con Edison makes no money on power supply.   The price we pay for purchasing electricity is the same price our customers pay.   Since deregulation was enacted, we have fought to protect our customers against market price abuses, and will continue to do so.


 


WPCNR followed up this statement with the following questions, 


 


Is Consolidated Edison of the opinon that NYISO overinflates the price Con Ed pays suppliers?

 

Is Consoldidated Edison in favor of direct purchase from suppliers instead of going through NYISO?

 

The Communications spokesperson said Consolidated Edison comment would for the present be restricted to the previous statement.

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Exec Spano on County Finances: Postioned to weather Money Storm

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WPCNR COUNTY CLARION-LEDGER. From Westchester County Department of Communications. March 5, 2009 EDITED:  County Executive Andy Spano has released a video message to Westchester residents, reassuring them that the county government is well positioned to deal with the continued economic downturn affecting the nation. 

       See the message at: http://www.westchestergov.com/news_spanovideoecon.htm


       In the message on the county’s Web site and on YouTube, Spano states that the county government is “well prepared to meet the challenges ahead.”


       “We go over the county budget line by line every year and make adjustments based on changing economic times… That’s one of the reasons why we are the only county in the state with triple A bond ratings from all three rating agencies. And why we have been able to keep county taxes down to an average of 2.6 percent over the past five years,” he said  in part. “…  While we cannot predict what lies ahead,  we do not expect to have to take drastic actions that would result in the loss of jobs or jeopardize vital county services:”


     WPCNR notes that the county is in such financial shape it hired two replacements for the departed aid to the Westchester County Board of Legislators, at the cost of $50,000 and $80,000 each.

                                                           

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