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PepsiCo mulls sale of Russian operations

PepsiCo generates 4.4% of its revenue from Russia.

MTA’s financial outlook is precarious, NYS comptroller says

The MTA currently is looking at deficit financing to balance its budget through 2025 to the tune of $2.9 billion.

DiNapoli: Westchester fiscally stressed, Poughkeepsie worse

The state's Fiscal Stress Monitoring System report, released this month, finds that Westchester County was in moderate fiscal stress as of the end of December 2020.

Why wait? Curaleaf, nation’s largest cannabis company, says get medical card...

“Practically anyone over 35 has chronic pain of some kind, and they may not want to be taking an opioid or Advil every day," says Curaleaf Dispensary Manager Dr. Stacia Woodcock of the increasing ease of qualifying for a medical marijuana card.

Comptroller DiNapoli: NYS economic situation grows worse

According to a report today by New York State Comptroller Thomas DiNapoli, the state's tax receipts in May were down $766.9 million or 19.7%...

New York state April sales tax collections down 24.4%, nearly 9%...

At the same time, however, the Mid-Hudson region showed the least severe decline of 21.5%.

Mount Vernon mayor pleads guilty to taking campaign funds; will resign...

Mayor Richard Thomas pleaded guilty to third-degree attempted grand larceny and second-degree offering a false instrument for filing. Both are misdemeanors.

Bottini Fuel skim scam costs $3.3M in criminal, civil penalties

The outcome was the first time the New York False Claims Act has led to a criminal conviction and restitution for victims, according to the whistleblower’s law firm, Getnick & Getnick.

Middletown chiropractors accused of massive health care insurance scheme

James and Jeffrey Spina “routinely showed little, if any, regard for which medical services or treatments were medically necessary," according to the federal indictment.

NY Comptroller: Sales tax collections highest in 8 years

This was the highest half-year increase since 2010 and the fourth consecutive period of strengthening local sales tax collections.

Westchester residents are owed $272M in unclaimed funds

The comptroller’s office set up a searchable online database to assist residents in claiming those funds.

Wall Street reversed declining profits last year, DiNapoli reports

The securities industry paid $13.5 billion to New York State in the past fiscal year, contributing 18 percent of state tax revenues.

State: Three governments in region under major fiscal stress

Three municipalities in the Hudson Valley are under significant financial stress, according to data and analysis released by the state comptroller’s office.

Comptroller: State worker overtime on pace for new record

New York state public employees are on pace to set new records for overtime costs and overtime hours this year.

Moody’s upgrades New York state’s bond rating

The upgrade to Aa1 marks the highest rating the state’s debt has held since the financial crisis of the 1970s.