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Newspaper
Palladium Times
Location
Oswego, New York, United States of America
Date
Sep 24, 2016
Page
10
The Fed report shows Americans’ net worth rose 1.2 percent to 89.1 trillion in the April to June quarter as mortgage debt climbed 2.5 percent at an annual rate. Housing wealth increased 1.9 percent to 25.6 trillion while ownership equity reached 57.1 percent, the highest since 2006.
Communities across New York receive over 8 million dollars in mixed state and federal funding to build accessible sidewalks and crosswalks in compliance with the Americans with Disabilities Act. Westchester County gets the largest share, exceeding 4 million. Lemonade Insurance Co wins NY property and casualty license to sell homeowners and renters policies with direct-to-consumer marketing and a corporate giving program funded by unclaimed premiums.
A study updated by demographers shows New York had the largest net domestic tax filer loss in 2014 with about 126,800 departures, led by high earners. Illinois and California also sizable out-migration. The analysis cites high property taxes, a tough business climate, and deindustrialization as drivers while noting NYC remains a magnet for international migrants.
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