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Bronx Dems Raise Money For Senate Takeover

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 Bronx Dems Raise Money For Senate Takeover

Bronx Democratic Chairman Jose Rivera is hosting a “Take Back the Senate” fundraiser next Friday at the Seashore Restaurant, a $400-a-head event at which both Gov. David Paterson and Senate Minority Leader Malcolm Smith will be “distinguished guests.”

I believe this is the first such event that Paterson will attend since his March 17 swearing in.

Given the tenuousness of the situation at the Capitol (budget deadlines, scandals etc.) the new governor has studiously avoided discussing whether he will pursue a Democratic majority in the Senate as aggressively as his predecessor, Eliot Spitzer.

The budget should be done by next Friday, but the legislative session won’t be over. Nevertheless, Paterson evidently feels it should be safe by then to attend an event that might upset the delicate balance of his relationship with Senate Majority Leader Joseph Bruno.

Spitzer, of course, made ousting the Senate Republicans from power a priority in 2006 when he campaigned on behalf of Democratic candidates, and then continued that quest once he took office (7th and 48th SD special elections, Troopergate etc.) at the expense of his legislative and reform agendas.

When questioned on this topic, Paterson has repeatedly noted that during his tenure as minority leader he took four seats from the Republicans - three in one year (2004) - and brought the Democrats within spitting distance of taking over the chamber, while also maintaining his cordial relationship with Bruno.

SOURCE: NYDailyNews.com

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Horace Mann Yields Surge as Schools Stuck By Auctions

Horace Mann Yields Surge as Schools Stuck By Auctions

Horace Mann School, the $29,000-a- year preparatory school in the Bronx, and dozens more New York educational and cultural institutions just got stuck between the collapse of auction-rate bonds and an expired New York law.

Rates on $60 million of the securities sold by Horace Mann in 2002 rose to 5.4 percent last month from 3.4 percent. At nearby Riverdale Country School, where tuition is $35,250 for grades six through 12, interest jumped to 11 percent from 3 percent.

Interest costs almost doubled for borrowers in the $330 billion auction-rate bond market this year after banks stopped buying unwanted securities for the first time since they were created in the 1980s. Unlike local governments across the country, the New York institutions can’t convert the bonds into other types of debt after a state funding law expired Jan. 31.

“It’s a horrible situation,” said Andrew Alper, former chairman of the New York City Economic Development Corp. and a board member at Riverdale. “The only solution is to pay the bonds off or to pay a higher interest rate.”

Horace Mann officials declined to comment. Graduates of the 121-year-old school, located on 18 acres overlooking Van Cortlandt Park in the Bronx, include venture capital investor Alan Patricof, founder of private equity firm Apax Partners, and Eliot Spitzer. Spitzer, who in 2004 received the Alumni Council Award for Distinguished Achievement when he was attorney general, resigned as New York’s governor this month amid allegations that he patronized prostitutes.

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NY Sees Promise In New Governor David Paterson

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NY Sees Promise In New Governor David Paterson 

ALBANY — Lt. Gov. David A. Paterson ascended to New York’s highest office on Monday, pledging civility and unity in government to an ecstatic and palpably relieved gathering of state lawmakers and officials.

Mr. Paterson was sworn in as the state’s 55th governor almost exactly a week after revelations emerged that his predecessor, Gov. Eliot Spitzer, had patronized a prostitute and faced federal investigation.

In a relatively brief speech lasting about half an hour, Mr. Paterson offered soothing rhetoric to an audience that clearly ached to move beyond what has been an unusually sordid ordeal even for Albany, a capital well-acquainted with political scandal.

Speaking to a joint session of the state Assembly and Senate, with senior officials from at least three states in attendance, Mr. Paterson alluded briefly to the Mr. Spitzer’s difficulties over the past year in working with the Democratic-controlled Assembly and Republican-controlled state Senate.

“What we are going to do from now on is what we always should have done: We are going to work together, Mr. Paterson said. “With conviction in our brains and compassion in our hearts and the love for New York on our sleeves, we will dedicate ourselves to principle but always maintain the ability to listen.”

But Mr. Paterson’s inaugural remarks were most striking for what was absent from them.

In a speech with so many nods to other elected officials that even a former lieutenant governor made the cut, Mr. Paterson made no mention of Mr. Spitzer, who plucked him from virtual obscurity to join the ticket for statewide office in 2006, and whose powerful and at times overbearing personality were the central fact of political life here for nearly a year and a half.

Mr. Paterson alluded only vaguely to Mr. Spitzer’s resignation, noting that New York had experienced “a very difficult week.” And though he and his staff have sent signals in recent years that continuity would be a key theme of the transition between administrations, Mr. Paterson made no suggestion that the Mr. Spitzer’s core agenda items deserved to survive even if the former governor’s career did not.

Indeed, Mr. Paterson offered almost no specific policy proposals or promises, though an aide said that the new governor would lay out a more a specific agenda in the days ahead. He hewed closely to the theme of partnership, describing himself as Brooklyn-born, Long-Island-educated, and Harlem-residing, to rousing cheers from elected officials who hailed from each of those areas.

Unlike Mr. Spitzer, who in his inaugural address fifteen months ago fired shot after shot across the bow of Albany’s political establishment, Mr. Paterson warmly embraced the capital’s two other major powers, Assembly Speaker Sheldon Silver and Senate Majority Leader Joseph L. Bruno.

“Let us grab the unusual opportunities that circumstance has handed us today and put personal politics, party advantage and power struggles aside, in favor of service, in the interests of the people,” Mr. Paterson said.

Only when his speech turned to the worsening economic downturn and its likely effect on the state budget gap did Mr. Paterson offer a hint of challenge.

“We are looking at an economy that is reeling and I must say to all of you in government and all of you in business that you must meet with me in the next couple of weeks and adjust our budget accordingly,” Mr. Paterson said, suggesting that budget austerity may be needed.

Mr. Paterson, the state’s first blind governor as well as the first black one, also nodded to the historic nature of his swearing-in.

“I have confronted the prejudice of race, and challenged the issues of my own disability,” he said. “I have served in government for over two decades. I stand willing and able to lead this state to a brighter future and a better tomorrow.”

In a news conference following the address, Mr. Bruno seemed open to a détente.

“I think it’s great relief,” said Mr. Bruno, the state’s top Republican. “It’s like a new day. The sun is shining.”

At times, the event felt more like something of a coronation for Mr. Paterson, the scion of a Harlem political fraternity that remains powerful and well-connected in New York politics. His father, Basil A. Paterson, a former state senator and secretary of state, stood behind Mr. Paterson when he first ascended the dais, as did his mother, his wife, and his two children. They remained there as Mr. Paterson, a well-liked veteran of Albany, was greeted by exultant cheers and whistles, and a lengthy standing ovation.

“It’s a great day for New York, and for those of us from Harlem, it’s an even greater day,” said Senator Bill Perkins, a Democratic senator from Manhattan, who replaced Mr. Paterson when he was elected lieutenant governor.

New York’s United States senators, Charles E. Schumer and Hillary Rodham Clinton, were in attendance, along with Mayor Michael R. Bloomberg, former New York governors Hugh L. Carey and George E. Pataki, and the current governors of New Jersey, Connecticut, and Massachusetts.

An initial draft of Mr. Paterson’s speech was prepared by aides, his advisers said, and he spent significant time editing, memorizing, and practicing the final speech.

Whereas Mr. Spitzer favored a sermon-on-the-mount style of oratory, Mr. Paterson at times sounded more like the announcer at a Las Vegas boxing match. At least a third of his speech was devoted to name-checking the legislative leaders and other officials in attendance, each of whom was introduced with a flourish and a backslapping joke.

Praising Mr. Bruno, for example, Mr. Paterson recalled how the Senate leader had once invited him to his upstate horse farm for dinner.

“I’ll go,” Mr. Paterson recalled replying. “But I’m going to take my taster with me.”

Other Senate Republicans, following Mr. Bruno’s lead, appeared receptive to Mr. Paterson’s overtures, at least for now. Asked whether Senate Republicans would give Mr. Paterson any breathing room on contentious matters like the state budget, John J. Bonacic, an upstate Republican, smiled broadly.

“For a day,” he promised.

In tone and affect, Mr. Paterson’s speech seemed did not really seemed to be aimed at the broader public. Rather, it felt more narrowly addressed to the lawmakers gathered before him, whom he has known for years as a colleague and peer, but must now lead as governor.

“Let me reintroduce myself,” he said at one moment, hinting at the transformation-in-progress. “I am David Paterson, and I am the governor of New York State.”

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Will Amazon.com Force New York To Start Paying Sales Tax?

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Will Amazon.com Force New York To Start Paying Sales Tax?

Technically, New Yorkers are already supposed to declare purchases made on the Internet through sites like Amazon when they file their income taxes, but many people do not know that and even more do not actually pony up. Now, Gov. Eliot Spitzer is reviving a proposal to force Amazon.com and other Internet companies that do not have a physical presence in the state to collect sales taxes for purchases made from New York.

Amazon has had a competitive advantage over other online retailers, like Barnes & Noble or Wal-Mart, that also have stores in New York and therefore must collect sales taxes. It’s a good bet, though, that the issue would be tied up in court if a law requiring sites like Amazon to collect sales tax were enacted, with a challenge centering on whether federal laws regarding interstate commerce would supersede the state measure.

“It’s already been said that people are going to challenge it,” Paul E. Misener, Amazon’s vice president for global public policy, said in an interview last week while he visited Albany to try to beat back the measure.

He said a law would “undoubtedly” be challenged.

SOURCE: NYTimes.com

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Bronx College Needs Green To Make The Design Grade

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Bronx College Needs Green To Make The Design Grade

Trustees at the City University of New York are seeking $178-million from state and city officials to restore historic buildings at Bronx Community College. The plan is part of the university’s 2008-9 capital request, now under review by city and state.

A great deal of the money would go to maintenance and building upgrades, including improving heating and cooling systems, fire-alarm replacements, improvement of the public-water supply, and new roofs throughout campus. About $25-million would go to construction and equipment costs for a new $77-million library building designed by Robert A.M. Stern.

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