ECONOMY IN CRISIS SECTION

Focus: ECONOMY

WEEKDAYS AT 5:30 P.M. ON NEWSCHANNEL 2

 

Top Breaking It Down Story

Brindisi announces $6 million to upgrade Utica storm sewers

Assemblymember Anthony J. Brindisi says that the State Assembly is awarding six million dollars for a project to separate the storm sewer collection process from the sewage treatment collection system. Read more »

More Breaking It Down Stories

Berkshire Bank acquiring 20 Bank of America branches

Berkshire Bank has announced that it is acquiring 20 branches of Bank of America, including several in the Mohawk Valley. Read More »

Herkimer County Small Business Week Specials

Click here for a list of all the specials at Herkimer County Businesses in honor of Small Business Week, May 19 - 25. Read More »

Small Business Week coming to Herkimer County

HERKIMER, N.Y. (WKTV) - Small Business Week in Herkimer County is May 20-24. Read More »

How late is too late to start saving for your child's higher education?

Everyone says that it's never too early to start saving for college, but there also comes a point when it can become too late for families to start to save. Read More »

SUNY Oneonta to invest over $600,000 in strategic priorities

ONEONTA, N.Y. - SUNY Oneonta has set aside more than $600,000 to fund programs that will further enhance student learning. Read More »

Analysis: Hospitals contribute $880 million to local economy

A total of $880 million is contributed to the local economy by Faxton-St. Luke's Healthcare and St. Elizabeth Medical Center, according to an economic impact analysis. Read More »

Mayor vetoes seven amendments to Utica budget

UTICA, N.Y. - Utica Mayor Robert Palmieri has vetoed seven amendments the city council made to the budget in an attempt to get the tax increase below 2% Read More »

Today marks deadline for Utica council to adopt proposed budget

UTICA, N.Y. (WKTV) - On Wednesday, March 20, is the deadline for the Utica Common Council to adopt the mayor's proposed budget. Read More »

NY's Indian casinos post revenue fall in 2011

ALBANY, N.Y. (AP) - A new report shows the eight gambling facilities run by Indian nations in New York saw falling revenues in 2011. Read More »

Local hospitals brace for impact of sequestration

It appears nothing will stop sequestration, a self-imposed series government funding cuts as a result of government's failure to rein in spending, from kicking in on Friday. Local hospitals are bracing for impact. Read More »

Development funds brings big plans for Rome Capitol Theatre

ROME, N.Y. (WKTV) - The Mohawk Valley Regional Economic Development Council will be holding their first meeting of the year on Tuesday in order to brainstorm ways to win even more state money this upcoming year. Read More »

Proposed Utica budget calls for 3.75 percent tax hike, 10 vacant positions to be eliminated

UTICA, N.Y. (WKTV) - Utica City Mayor Robert Palmieri unveiled his 2013-2014 budget to the Board of Estimate and Apportionment on Tuesday. It passed and is now in the hands of the Utica Common Council, calling for a 3.75 percent property tax hike. Read More »

City of Utica to save more than $1 million after bond refunding

UTICA, N.Y. (WKTV) - The City of Utica says it will save more than $1 million after what they are calling a "very successful" bond refunding. Read More »

NYS owes Oneida County millions, Board to vote on hiring law firms next week

UTICA, N.Y. (WKTV) - New York State owes Oneida County a big chunk of change. It's money that the county was overpaying in medicaid for residents living in mental institutions. For years, the county overpaid. Oneida County Executive Anthony Picente says it's added up to between $4 and 6 million dollars. Read More »

Utica College to create Cyber Forensics Center with Economic Development Funding

UTICA, N.Y. (WKTV) - Utica College will use the $250,000 of regional economic development funds from the state to create the "Northeast Cyber Forensics Center" on campus. Read More »

Moody's increases Ilion's bond rating from "very good" to "strong"

ILION, N.Y. - The Village of Ilion has received word that Moody's Investor Services has upgraded the villages bond rating from a "very good" rating to a "strong" rating. Read More »

USDA: NYS ranks third in nation for certified organic farms

The 2011 Organic Production Survey counted 9,140 certified organic farms and ranches in the United States, comprising 3.6 million acres of land. Among those, New York State ranks third in the nation in the number of certified organic farms. Read More »

How you'll be affected by the fiscal cliff

UTICA, N.Y. (WKTV) - What's been called the fiscal cliff is now just weeks away when Congress must decide whether it should extend various tax cuts set to expire at the end of the month. NEWSChannel2 spoke with a local Accounting professor to explain the effects people will see. Read More »

Tips to keep energy costs down this winter

While temperatures are expected to reach the 70s this week, winter will be here before you know it along with shorter, colder days. That's why National Grid officials say now is a good time to start thinking about preparing your home for the cold winter months ahead. Read More »

Social Security benefits to go up by 1.7 percent

WASHINGTON (AP) - More than 56 million Social Security recipients will see their monthly payments go up by 1.7 percent next year. Read More »

What's On