Local Economic Impact Of Wall Street Meltdown Is All In The Numbers
There has been a great deal of talk in the last week about the connection between the troubles on Wall Street and the impact on “Main Street”. As individuals, our initial concern is with our retirement accounts and investment earnings. We’re told to sit tight and ride it out and it seems like good advice.
But as Chautauqua County and several municipalities begin to map out spending plans for 2009 and as school districts gear up to start their budget processes for next year, there is a more immediate impact that we likely will not be able to “ride out”.
Though difficult to quantify because of market volatility and pending federal action, it is safe to say that the financial hit to the State of New York will be staggering.
On Monday, State Comptroller Thomas DiNapoli, warned that the impact of the financial crisis on state and local economies “will be substantial” and estimated that the state could lose up to $3.5 billion in tax revenues due to
Letters To The Editor
Editor:
It seems that hardly a day goes by that we don’t hear someone, somewhere say “I wish that (Pencil in what you wish here (Wal-Mart, K-Mart, Home Depot, Walgreen’s, etc.) would not be here in our community”. Indeed, we
Rush To Judgment
We are a little over a month away from the presidential election.
In many quarters, this election is being called historic for a number of reasons.
In some ways, I can’t wait until it’s over. It’s hard to believe but this race
Dibble's Dabbles
This article originally appeared in the April 22, 1982 issue of the Westfield Republican.
The story has been told many times but it bears repeating. How long has it been since you stopped to take a good look at
Is There A Guiding Comprehensive Plan For Education In The County?
When it comes to education in Chautauqua County, things are definitely on the move.
The Ripley-Westfield Merger Feasibility Study Committee has completed its work and recommended that the matter of whether or not to consolida
Rush To Judgment
It’s been interesting to read over the last week or so about the financial issues faced by many major banks and lenders in this country.
I don’t pretend to understand the inner workings of Wall Street but it’s hard not to notice that thin
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