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Challenges Cohen
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Challenges Cohen
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On April 18, 2012, the White Plains Middle School inducted one hundred twenty-one students from both the Highlands and Eastview campuses into the National Junior Honor Society during a ceremony held at the Highlands campus auditorium. To receive this recognition, students demonstrated scholarship by achieving at least a 92% average in all their courses during 6, 7, and 8th grades, as well as meeting Citizenship, Character, Service, and Leadership requirements. Advisors are Barbara Fastenberg and Jane Turk.
WPCNR SCHOOL DAYS. From Michele Schoenfeld. April 18, 2013:
The students include:
Africano, Melina
Ainsworth, Michael
Amodio, Nicholas
Arens, Hadar
Baker, Lauren
Baker, Sarah
Ballin, Elizabeth
Barberio, Andrew
Bauer, Isabel
Blanca, Farrah
Berube, Samantha
Boccadoro, Isabella
Brady, Jacob
Bratkovics, Olivia
Burnett, Brianna
Capicotto, Giulia
Carden, Alexander
Cartularo, Isabella
Clarke, Jade
Collabolletta, Amanda
Colmenares, Gabriela
Costable, Jon Christian
Cunney, Cailin
Cutsumpas, Rachel
Dadario, Nicholas
DArcy, Kaleigh
DiMaggio, Torie
Eisele, Tyler
Fee, Makayla
Fernandez, Jaimie
Fernandez, Janine
Ferrandi, Marisa
Freed, Jemma
Furry, Cardon
Garcia, Pablo
Garnsey, Jake
Garrison, Matthew
George, Justin
Gomez-Aguilar, Joan
Grant, Amanda
Griffiths, Caroline
Guerra-Mejia, Nicholas
Guiracocha, Anthony
Harelick, Jacob
Harnaga, Jacqueline
Hoffman, Max
Hrazanek, Jordan
Jasne, Jennifer
Jensen, Dana
Johnson, Brianna
Kabir, Arman
Kim, YouWha
King, Isabel
Kohl, Alexandra
Koike, Rumi
Kratzok, Max
LaPlaca, Lauren
Levine, Isabelle
Lotito, Daniel
Lovitch, Nicole
Mariani, Elana
Mathew, Jeney
Matute, Miryam
McCants, Alyssa
McCloskey, Danielle
Mead, Charlotte
Mejia, Alondra
Mendoza, Miguel
Mercado, Josephine
Mercuri, Tatiana
Merino, Allison
Morris, Rachel
Moss, Jenny
Moss, Robyn
Nakada,Taikan
Nissenblatt, Margot
ODonnell, Bridgit
Oria, Daniella
Ortiz, Alisia
Padilla, Maria
Paillant, Metushaelle
Perry, Amanda
Pollard, Jahnece
Pope, Erica
Potthoff, Katrina
Predmore, Gillian
Prestipino, Laura
Ramirez, Maria
Rand, Steven
Reiken, Rose
Rogovin, Jared
Sacramone, Madison
Salame, Samira
Samaranayake, Sarah
Sandoval, Diana
Sanguino, Mariana
Sanguino, Nathaly
Schuler, Susanna
Schwartz, Carly
Sheridan, Jacqueline
Siebes, Sarah
Sieger, Seth
Solazzo, Alyssa
Songalia, Abigail
Sterling, Samantha
Suri, Omar
Suthar, Aneri
Tabb, Annick
Tandazo, Andres
Teller, Andrew
Trejos, Austin
Trujillo, Kate
Velazquez, Tania
Victoria, Mariana
Weiner, Shoshanna
Williams, Ayshia
Wincele, Ruby
Wisell, Caroline
Wong, Mei
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WPCNR POLICE GAZETTE. APRIL 14, 2012:
The city police union announced today that the City of White Plains has broken off negotiations with the union (without a contract since June 2010), and accused the city of negotiating in bad faith.
White Plains Police Benevolent Association President Robert Riley issued this statement to WPCNR today:
“The City of White Plains has repeatedly acted contrary to the interests of the citizens, police and the bargaining process in labor negotiations with the Police Benevolent Association, ultimately leading to a long and arduous impasse that will cost taxpayers money and damage the department, PBA President Rob Riley said today.
“The City has clearly failed in its responsibility to it citizens and employees to come to a fair agreement that would protect the city both fiscally and physically,” said Riley. “We need a strong, well-managed police department to attract and retain the officers that keep our streets safe. If the City is unwilling to work with the people who risk their lives for its citizens every day, how can they expect to run the city?”
The collective bargaining agreement between the City and the PBA ended in June of 2010. Since then, the PBA has worked diligently to come to a reasonable agreement, making several offers going back to August 2011 that would be fair both to patrolmen and taxpayers.
Based on these offers, for months the City repeatedly scheduled bargaining sessions and then abruptly cancelled them. Finally, on March 13 the City and the PBA exchanged new proposals and set a bargaining session April 25th to discuss an agreement. Only two days later, the City sent back a letter amending their proposal to a much less reasonable offer. The very next day, the City sent another letter requesting impasse and canceling the April 25th bargaining session.
The matter will now go to mediation in front of the New York State Public Employees Relations Board, which will cost the city more than a voluntary agreement. In addition, the impasse proceedings will likely be poor for department morale and recruitment, PBA officials said.
“We just want to do our jobs and keep our streets safe. We hope that we can get this issue resolved and get back to focusing on work,” Riley said.
WPCNR notes the city has also included in its 2012-13 proposed budget acknowledgement of possible arbitration awards related to possible future settlements, to wit, on page 1-39 of the proposed budget: “Beyond FY 2012-13, the City is committed contractually (with the CSEA) to another 2% cost of living increase. Should a higher cost-of-living adjustment be imposed by a state arbitrator in either year, the City would need to resume layoffs and service reductions.”
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WPCNR Press Box. April 13, 2012: Today the Bronx Bombers return to Yankee Stadium. In the honor of Opening Day, WPCNR brings back this original celebration of the best day of the year.

WRIGLEY FIELD CHICAGO 1975
That’s the Great Pete Rose at the Plate PHOTO WPCNR SPORTS
OPENING DAY is better than Christmas Day,
When you look out the window and you know they’ll play,
Whether dreary gray or billiant spring sun’s ray
Opening Day means the Big Show is back today.
In decades past, Opening Day was for fanatics starved,
Eager for the sharp crack of ash on horsehide carved;
The flutter of pennants snapping in northwest winds
Atop ramparts of inviting arches of walls, and sculpted friezes wistfully escarped.
Fans lucky to get away with ducats
Marvel at grown men in boys’ flannels and sharp whites pristeen,
Back to play in April’s warm zephers in NY blazened caps,
Dashing specks of white warming up on the sprawl of the greenest green.
Motor cars panting in good-natured traffic jams on Major Deegan,
Or down
Through your windows you see the first glimpse of the storied Park,
The place where ball is played, where ghosts of Ted, Babe, Duke
Mel, Spahnie, Whitey, Mickey, Willie, Yaz, Minnie and Sandy lark.
Paying a White Plains fine to park, passing stogie smoking old men
at the same gates for a hundred years,
Now out into the street
You go, aroma of roasting chestnuts, pungent cigars sweet,
Cries of “scorecard heah” “programs,heah” shout out, neath light towers to heaven.
Fans in cap and uniform, little boys and girls gawk in awe hoping to make the Anthem
Never seeing such sheer walls, topped with the legend “GameToday 1:30 PM.”
Clutching slim cardboard tix to Section 14 Upper Deck up to the turnstiles
Festooned with souvenirs more dear as diamonds, beyond, the lure of endless aisles.
Into the press of crowd, the grizzled usher, RIPS YOUR TICKET.
Turnstile turns, clicks, and into the castle of ball you go
Into the rotunda greeted with magic signs dazzling the senses —
UPPER LEVELS SECTIONS 1 to 39, 2 to 40
Hawkers shout –Voices of Flatbush — colorful books in hand
“Yearbook heah,” “Dodger Yearbook here,” “Hot dog, heah,”
Assail your ears up ramps you walk to the sign “NEXT HOMESTAND”
Walking the catwalk,sliver of blue is first look of the magic sphere
Into the sunlight splaying the vast rake of the mighty grand stand.
Spread out below are knights of the diamond in white hues
Cavorting, snapping throws across immaculate red clay
As majestic fungo bats CRACK! sending spheres soaring towards filling bleachers a mile away,
Bunting flutters from the deck’s rails red, white and true blues.
Old glory unfurls on the highest pole in center field
Colorful signs deliver the manly flavor of the only real game,
GILLETTE To Look Sharp, The Red Sox use Lifeboy, Schaefer It’s A Hit
Hey, Neighbor Have a Gansett, White Owl Cigars, Hit Sign Win Suit
From old familiar walls, to Gladys Gooding on the organ
Friendly old green scoreboard displaying
Today’s games around the big leagues BETTER THAN CNN
CHI CLE BOS DET, CHI STL, NY WAS make you king for a day.
Two Bits for a scorecard, usher wipes your seat, ballpark fills your heart.
Penciling lineup 422B, 1 SS, 14 1B, 4 CF, 39 C, 6 RF, 23 LF 19 3B 36 P
Smell of beer, peanuts and pretzels.
Nippy air, warm rays sink into your face feels nice,
Starters wheel,deal, kicking high on sidelines fueling expectancy
Men in blue, arms folded solemnly conduct the home plate regimen
Casey, Ralph , Walter, Joe and Sparky exchange lineup cards and knowing
Ground rules by heart, go over them for ritual’s sake.
Announcer entones “Good afternoon, Ladies and Gentlemen,
Welcome to Yankee Stadium.”
“Please rise for the playing of our national anthem,”
Nancy Faust at organ note by note peels baseball’s theme song
Rising on the breeze, uniting do-rag and ball cap,
Fedora, ponytail and bouffant in the spirit of the great game.
Grass is never greener on opening days
Strikes are louder, the long drives electrify in alleys
Beers with THICK hig creamy heads, taste crisp cold mellow best brew all year
Smashes laser through short and in the gap in raucous rallies
Magicians without wands start 6-4-3s,
Backhand sure hits losing their caps
“Oh what a play’s” crackle on WGN with “CUBS WIN’S”
Jack and Mel, Vince, Red, Curt and Murph are back at the mikes to turn mundane days Into joy with a ninth inning elixir and “happy recaps”
Thunderous ROARS accolades the 2-out winner again creating big kids’ grins.
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Deck replacement work on the Tappan Zee Bridge will continue during the week of April 16, 2012, the New York State Thruway Authority announced today.
The work will be done in sequential order, is weather-dependent, and is subject to change. Updates will be issued to announce any change in schedule.
Monday, April 16 and Tuesday, April 17
Work will begin at 8 p.m. resulting in the closure of two left southbound lanes and an additional left southbound lane at 10:30 p.m. until 6 a.m., from milepost 13.2 to milepost 17.9 on the Tappan Zee Bridge. In addition, this will result in the closure of one left northbound lane at 9 p.m., and an additional left northbound lane at 10:30 p.m. until 6 a.m. from milepost 13.2 to milepost 16.2 also on the Tappan Zee Bridge. At least one lane southbound and one lane northbound will be opened to traffic from 8 p.m. to 6 a.m.
During Monday and Tuesday night operations, due to the southbound lane closures, the southbound entrance at Interchange 10 will be closed from 8 p.m. to 6 a.m. and southbound detour route signs will be posted through Nyack for the entrance at Route 59 near Interchange 11.
During Monday and Tuesday night operations, due to the northbound lane closures, the entrance ramp from Broadway (southbound) in Tarrytown will also be closed from 9 p.m. until 6 a.m. All traffic will be detoured to the entrance ramp from Route 119.
Wednesday, April 18
Work will begin at 8 p.m. resulting in the closure of two left southbound lanes and an additional left southbound lane at 10:30 p.m. until 6 a.m. from milepost 13.2 to milepost 17.9 on the Tappan Zee Bridge. In addition, this will result in the closure of one left northbound lane at 9 p.m. and an additional left northbound lane at 11 p.m. until 6 a.m. from milepost 13.2 to milepost 16.2 also on the Tappan Zee Bridge. At least one lane southbound and one lane northbound will be opened to traffic from 8 p.m. to 6 a.m.
During Wednesday night operations, due to the southbound lane closures, the southbound entrance at Interchange 10 will be closed from 8 p.m. to 6 a.m. and southbound detour route signs will be posted through Nyack for the entrance at Route 59 near Interchange 11.
During Wednesday night operations, due to the northbound lane closures, the entrance ramp from Broadway (southbound) in Tarrytown will also be closed from 9 p.m. until 6 a.m. All traffic will be detoured to the entrance ramp from Route 119.
Thursday, April 19
Work will begin at 8 p.m. resulting in the closure of two left southbound lanes and an additional left southbound lane at 11 p.m. until 6 a.m. from milepost 13.2 to milepost 17.9 on the Tappan Zee Bridge. In addition, this will result in the closure of one left northbound lane at 9 p.m. and an additional left northbound lane at 11:30 p.m. until 6 a.m. from milepost 13.2 to milepost 16.2 also on the Tappan Zee Bridge. At least one lane southbound and one lane northbound will be opened to traffic from 8 p.m. to 6 a.m.
During Thursday night operations, due to the southbound lane closures, the southbound entrance at Interchange 10 will be closed from 8 p.m. to 6 a.m. and southbound detour route signs will be posted through Nyack for the entrance at Route 59 near Interchange 11.
During Thursday night operations, due to the northbound lane closures, the entrance ramp from Broadway (southbound) in Tarrytown will also be closed from 9 p.m. until 6 a.m. All traffic will be detoured to the entrance ramp from Route 119.
Friday, April 20
Work will begin at 9 p.m. resulting in the closure of two left southbound lanes and an additional left southbound lane at 12 midnight until 7 a.m. from milepost 13.2 to milepost 17.9 on the Tappan Zee Bridge. In addition, this will result in the closure of one left northbound lane at 10 p.m. and an additional left northbound lane at 12 midnight until 8 a.m. from milepost 13.2 to milepost 16.2 on the Tappan Zee Bridge. At least one lane southbound and one lane northbound will be opened to traffic from 9 p.m. to 7 a.m.
During Friday night operations, due to the southbound lane closures, the southbound entrance at Interchange 10 will be closed from 9 p.m. to 7 a.m. and southbound detour route signs will be posted through Nyack for the entrance at Route 59 near Interchange 11.
During Friday night operations, due to the northbound lane closures, the entrance ramp from Broadway (southbound) in Tarrytown will also be closed from 10 p.m. until 7 a.m. All traffic will be detoured to the entrance ramp from Route 119.
Saturday, April 21 and Sunday, April 22
No work scheduled.
The lane closures on Monday through Friday nights are required in order for the contractor to continue with the replacement of the deck in the middle three lanes on the Tappan Zee Bridge from milepost 13.2 to milepost 17.9.
During the nighttime operations, several 20 minutes traffic stoppages will take place in both the northbound and southbound directions.
For the safety of the public and construction workers, motorists are urged to proceed with caution and obey posted work-zone speed limits.
Traffic updates will be broadcast to motorists via Variable Message Signs along the highway and by Highway Advisory Radio 530 AM in the Tappan Zee Bridge corridor, as well as 1610 AM in the Newburgh area.
The second phase of the deck replacement project is slated for completion in the Winter of 2012.
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WPCNR BOULEVARDIER. By John F. Bailey. April 12, 2012:
This Sunday will be the last day of business for the “meet, greet, and deal center” of White Plains, the classic City Limits Diner on the corner of Central and Tarrytown Road, opposite County Center. It is closing for renovations that will last the next 6 to 8 weeks and reopen in July as a brand-new City Limits, with new décor, new rich interior and façade.

It will be hard to match the popularity of City Limits, easily the best known in the city. Renovations have begun on the exterior on the place that it’s easy to say, “Let’s go to the Limits.”
Unofficially the City Limits has been the “Stork Club” of

THE LAST BREAKFAST: Jim Benerofe, Dean of White Plains Journalism and John Bailey at City Limits this morning, enjoying a last breakfast.Photo by Steve Morton
City Limits has also been “The Official Hangout of the White Plains Week Award Winning Television Program” for the last 11 years. When I began the show with Alex Phillipidis and Jim Benerofe in 2001, we all wanted to do lunch after the show. I said we needed to do this just like Walter Winchell, the man who invented news commentary in the 1930s, did after he did his radio program. Winchell met with his entourage at the Stork Club in New York in that era. Winchell also occupied Table 51 at the Stork. At City Limits, you can see the Big Three of Westchester Television News hanging out at Table 51. We love it there, where the laughs come easy, and the gossip is notorious and cannot be used on our show.
Every Friday, the White Plains newsmen who matter, Peter Katz, Jim Benerofe and me, who do the television show everybody watcheson the internet at www.whiteplainsweek.com or Fridays and Mondays at 7:30 and 7 (Channels 45 & 76) , have been having lunch at this uniquely atmospheric art deco treasure. Shiny, cromey, tiley and funky, after being redesigned from the original Livano’s restaurant and opened in 1994 by the Livano Family, City Limits has served the tasty (upper cut above the usual diner fare) breakfasts, lunches and dinners you cannot match anywhere else in a lively, slap-dash, uplifting atmosphere.

Eggs Benedict and a side of sausage in progress.
It delivers what every real reporter needs, black coffee and a donut, and atmosphere.
What’s so unique about City Limits? It’s internal hub-bub you cannot find anywhere else in the city where City Limits burgers sizzle on an open grill night and day. It’s the electrifying distinctive “ding” of City Limits silverware that gets your attention like the “NBC” jingle.

Last Soda Fountain in the City.

The bustling bakeshop, and airy interior

It is the authoritative “clunk” of the City Limits china; the “come on in pardner and have a cup of java” hospitality signified by the classic Coffee Cup and donut suspended over the hostess platform. The silver signs: “Bakery. Ice Cream,” and “Capucino bar,” the comfort of the booths, and the good will of the snappy dressed wait staff in their signature dress shirts and ties who deliver the most courteous, fastest service in town. They are also the best dressed.

Raymond, with the Livano family since 1985, demonstrating City Limits classic fashion look.
The City Limits brims with life. Usually jammed for lunch, it’s where you want to meet to discuss things where you won’t be overheard; treat the kids on vacation or start a weekend off right. You can hear everybody at your table, but the people at the table next to you cannot hear you, the six degrees of separation is just about right. I do hope the acoustics are preserved.
The coffee is the best in town. The breakfasts are outstanding, especially the eggs benedict and my favorite side, the fat sausages.
The place sounded and felt like life was moving inside. No pretensions. And they were always glad to see you
They were the only place you could get the soft shell crab wrap (just now coming into season, I will miss that), and my favorite, the black angus City Limits burger.
I will miss the beers, the egg creams and those great Friday lunches of the past
Man, we’re all going to miss this place.


Coming in July…the New City Limits
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WPCNR THE HOUSING NEWS. Special to WPCNR from Houlihan-Lawrence Realtors. (EDITED) April 11, 2012: Buyers across Westchester, Putnam and Dutchess counties responded by posting the highest level of pending sales as of March 31
A pending sale represents a commitment to purchase a home at a specified price and terms, typically closing within 60 to 90 days. In Westchester, pending sales at quarter’s end were up 31% over Q1-2011, while pendings in Putnam and Dutchess increased by 26.5% and 9% respectively.
The surge in pending sales is particularly striking in contrast to the modest results for closed sales of singlefamily homes, up a mere 1.1% in Westchester in Q1-2012, while declining 22% in Putnam and 7% in Dutchess. The lag in closed sales reflects the muted activity in late 2011, when deal making was concentrated among lower-priced homes.
Not surprisingly, the median sale price drifted lower as closed sales were skewed toward the lower price ranges: in Westchester, Q1-2012 median sale price is $505,500, down 8.4% from the same period last year.
In Putnam, the median price this quarter is $274,500, down 21% from Q1-2011. The median sale price in Dutchess is $235,000, down 4.7% from a year earlier. Continuing the momentum we first noted in our Q4-2011 Market Report, entry price levels were particularly strong in early 2012. In Westchester, pending sales under $500,000 are up 44% from Q1-2011 and represent the highest Q1 level for that price range in nine years. In Dutchess, pending homes under $300,000 are up 26.8%, while in Putnam, pending homes priced under $200,000 are up a whopping 91% from 2011.
But sales growth was not limited to the low end. Nearly all price ranges saw double-digit percentage increases in pending sales in Q1-2012. Westchester homes priced between $700,000 and $1,000,000 saw pendings up 46.3% from 2011. Even the luxury market is flourishing again, with pending deals to purchase Westchester homes priced above $2.5 million up 34% from 2011.
While pending sales are increasing sharply, inventory levels are essentially flat. It will be interesting to see in the coming quarters whether the sales growth attracts wary sellers who have been waiting out the market. If supply grows to match demand, prices will remain near current levels, equivalent in most markets to 2003 prices. If inventory does not grow, we are likely to see home values begin to appreciate by 2013. Already, we are seeing an increase in multiple-offer bidding wars in many markets for the most desirable listings.
So what is behind the sudden increase in pending sales, and more importantly, can the momentum continue?
Certainly, the mild weather has played a role, and economic indicators such as jobs, interest rates, and the stock market have been supportive over the past 6 months. But the real spirits that determine market psychology – can be much harder to predict or to pin down.
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WPCNR COUNTY CLARION-LEDGER. From the Westchester County Board of Legislators. (EDITED) April 11,2012:
The Board of Legislators’ law that aimed to change the membership of the county’s Board of Acquisition and Contract was “not properly enacted” because of a “fatal flaw,” a judge said today.
The decision finds for the Astorino administration and the county attorney, which had argued that the law passed last December by the Democratic-controlled Board of Legislators was invalid.
In his ruling today, Acting State Supreme Court Justice Barry E. Warhit removed the temporary restraining order he had issued last month that prevented Public Works Commissioner Jay Pisco from serving on the A&C board. The judge said the legislators failed to publish the required legal notice about the law to give the public a chance to have a permissive referendum.
While the issues of the case have to be litigated further, the judge said that the legislators who brought the legal proceeding – Board Chairman Ken Jenkins and Legislators Peter Harckham and Lyndon Williams – “cannot meet their burden” to show they are likely to win on the merits of the case and that they are therefore not entitled to an injunction.
“The administration argued from the start that this law was not properly enacted,” said Ned McCormack, communications director and senior advisor. “If the legislators want to change the composition of the Board of Acquisition and Contract, they need to follow all legal procedures. The public is entitled to this.”
In his decision, the judge cleared the way for the A&C board to “resume meetings in accordance with the ordinary course of business.”
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WPCNR THE HOUSING NEWS. From Westchester County Clerk Timothy Idoni. April 11, 2012:
“We keep looking for the growth market. It just isn’t there yet,”
That’s the opinion of County Clerk Timothy Idoni today in a news release analyzing county mortgage tax activity in the first quarter.
County mortgage tax, an important revenue source for the County of Westchester and its municipalities, has dropped again according to figures released by Westchester County Clerk Timothy C. Idoni. The Clerk’s Office is responsible for collecting these taxes which are a key economic indicator.
Mortgage tax revenue has been hovering recently at about thirty percent of the historic highs seen at the peak of the real estate boom in 2005. Revenue dropped sharply after the bubble burst in mid-2007. As a result of the real estate slump and a downturn in the national economy, borrowing for homes became more difficult over the past five years.
The County budgeted $13,500,000 in mortgage tax revenue for this year. The same amount was budgeted for 2011, but the county collected $421,000 less. Idoni remarked, “We are all very hopeful that 2012 projections can be achieved, but based on the first quarter this year, there is cause for concern.” First quarter revenue totaled $2,847,691. This was a decrease of $691,200 or 19.5% from last year’s first quarter.
Mortgage Tax Collected (County Portion Only)
2009-2012
2009 2010 2011 2012 (through 3/31/2012)
$12,425,216 $12,969,204 $13,079,307 $2,847,691
Idoni indicated that there has been slow but noticeable growth in revenue since 2009. In the first quarter of 2012, however, there was a noticeable drop as shown below:
Mortgage Taxes Collected 1st Quarter 2009-2012
Year January February March 1st Quarter Total
2009 $889,558 $742,254 $986,921 $2,618,733
2010 $1,282,614 $1,076,926 $1,004,318 $3,363,858
2011 $1,220,971 $1,053,436 $1,264.484 $3,538,891
2012 $ 921,923 $983,990 $941,778 $2,847,691
Issues impacting these numbers include: continuing tight credit in the mortgage market; cash sales in the upper end real estate market; restructuring of debt which avoids mortgage tax levies; and a buyer’s market with depressed prices.
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WPCNR QUILL & EYESHADE. Special to WPCNR from The Business Council of Westchester. April 10, 2012:
The Westchester Business Confidence Index, increased from 54.2 in the 4th quarter of 2011 to a current level of 64.8 (on a scale oThis reading represents a tremendous increase in confidence overall since the inception of the index in December 2008, when levels were at 27, and is the second-highest reported confidence level since then, next to the second quarter of 2011, when it was at 66.3.
The Westchester Business Confidence Index – used to track key business metrics, such as trends in staffing levels, top line revenues, bottom line profits, Capital spending budgets, and other industry performance data each quarter – compiles information from more than 100 CEOs and business leaders of BCW-member companies.
This elevated confidence is driven by improved revenue and profit outlooks and higher anticipated employee hiring rates: 22% of
The owner of a professional multimedia firm remarked: “In my industry, we believe businesses are starting to spend more money. They understand that they cannot stagnate in this economy and expect to increase profits. They need to become proactive and make changes. Increase their brand exposure and awareness.”
Bolstering that theory, survey respondents report that overall, capital spending budgets are slightly up since last quarter, with 21% or respondents intending to increase spending since last quarter and almost a third of respondents (31%) reporting plans to increase their spending compared to one year ago.
The CEO of a technology services concurs that business is back on track: “I feel that businesses in general held back spending on technology but have started to spend again… we see an increase in closing compared to a year ago.”
Revenue projections are also more optimistic than last quarter, with jumps of 14 points and 16 points, in the number of companies expecting increased revenue compared to 3 months ago a nd a year ago, bringing both of those totals to 59%. That means that a strong majority of respondents have a positive outlook for revenue change over the next two quarters. In alignment with optimistic revenue projections, the majority of respondents indicated high expectations about profit numbers, with an 11% increase in the number of companies who expect to report higher profit than three months ago.
All in all, this leads to higher confidence in the business community, with the majority of respondents (60%) reporting increased confidence compared to 1 year ago and 43% reporting an increase in confidence since last quarter. These numbers represent vast improvements over last quarter, when only slightly over a quarter of respondents reported a sunny outlook. Expectations for
As the CEO of a not-for-profit observes: “