Long Island

Experts: School budget votes back Cuomo cap

by Newsday 05.16.2012

Results of school budget votes on Long Island represent a ringing endorsement of Gov. Andrew M. Cuomo’s efforts to curb property taxes, regional analysts said Wednesday, though some expressed worry about the long-range impact on classroom quality.

Teen celebrates Syosset schools victory

by Newsday 05.16.2012

Minutes after being questioned on Fox Business News about his election to the Syosset Board of Education and his upcoming high school prom, Joshua Lafazan faced his first political decision Wednesday.

Officials: RFK Jr.’s estranged wife found dead

by Newsday 05.16.2012

Robert F. Kennedy Jr.’s estranged wife, Mary Richardson Kennedy, who had fought drug and alcohol problems, was found dead, an apparent suicide, Wednesday in her home, officials said.

William Flanagan: Just helping a friend

by Newsday 05.16.2012

William Flanagan, the former high-ranking Nassau County police official indicted on conspiracy charges, said Wednesday he agreed to help a police benefactor’s son as a routine courtesy that he would have done for any county resident.

Cuomo plan limits executive compensation

by Newsday 05.16.2012

Many companies that receive state funds would have to limit how much they pay their top executives under proposed regulations released Wednesday by Gov. Andrew M. Cuomo.

Pizza shop owner denies role in drug case

by Newsday 05.16.2012

An owner of a West Babylon pizzeria has been charged with selling prescription painkillers out of his restaurant while customers dined.

Skelos: School votes show tax cap working

by Newsday 05.16.2012

The State Legislature’s top Republican said Wednesday the so-so success rate for school districts across New York that tried to override the new property-tax cap this week was revealing.

Mary Kennedy, ex-wife of RFK Jr., found dead after apparent suicide

by Newsday 05.16.2012

Mary Kennedy, the 52-year-old former wife of Robert F. Kennedy Jr., was found dead Wednesday in her Mount Kisco home after an apparent suicide, according to reports.

Islip IDA approves tax breaks for Pace Cove project

by Long Island Business News 05.16.2012

The Islip Industrial Development Agency has approved a measure that could provide economic benefits to  a $21.3 million mixed-use project in downtown Bay Shore, according to a statement. The measure, announced by Islip Town Supervisor Tom Croci on Wed…

NY proposes $199K salary cap for state contractors

by Long Island Business News 05.16.2012

The Cuomo administration has proposed regulations to limit spending by state contractors, including a $199,000 executive salary cap that can only be exceeded using money not from the state. The proposals by 13 agencies cover contractors — many provid…

Simon seeks tax breaks for Walt Whitman mall addition

by Long Island Business News 05.16.2012

Indianapolis-based retail real estate giant Simon Property Group is asking for tax breaks to build its planned 72,000-square-foot expansion at the Shops at Walt Whitman in Huntington Station. The Suffolk Industrial Development Agency is scheduled to vo…

Shareholders sue JPMorgan over $2B trading loss

by Long Island Business News 05.16.2012

Shareholders of JPMorgan Chase & Co. have filed two lawsuits against the nation’s biggest bank, accusing it and its leaders of taking excessive risk and causing a monumental $2 billion trading loss. The company disclosed the loss last week, s…

Suffolk OTB files Chapter 9 bankruptcy protection

by Long Island Business News 05.16.2012

Suffolk Regional Off-Track Betting Corp. filed a petition Friday seeking to enter Chapter 9 bankruptcy protection. This is the second time Suffolk OTB filed such a petition. U.S. Bankruptcy Court Chief Judge Carla Craig dismissed the OTB’s original M…

NY Insulation pleads guilty to wage fraud on LI

by Long Island Business News 05.16.2012

A Queens-based insulation company pleaded guilty on Tuesday to failing to pay six employees more than $30,000 they were owed. Under the terms of the plea deal, Maspeth-based New York Insulation will pay restitution of $33,408 in back wages to its emplo…

Ones to watch in hospitality

by Long Island Business News 05.16.2012

Toni Contino General Manager/Owner, Mitch and Toni’s American Bistro Contino brought more than a decade of sales and managerial experience to the Albertson restaurant, which she launched last year with chef/owner Mitchell SuDock. Contino began workin…