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Cannabis Growth & Sales in NY: Where Things Stand

Cannabis Growth & Sales in NY: Where Things Stand

Marijuana Struggling to Sow Roots In New York Amid Hazy Conditions On March 31, 2021, the Marijuana Regulation and Taxation Act (MRTA) legalized adult-use cannabis in New York. What has happened since then? By year-end 2021, 90% of New York municipalities agreed to issue dispensary licenses and/or onsite consumption licenses.
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What To Know About GASB Changes Taking Effect in 2023

What To Know About GASB Changes Taking Effect in 2023

As you start your 2023 planning, make sure Governmental Accounting Standards Board (GASB) changes taking effect next year are on your radar. Following are some highlights… GASB Statement No. 96 (Subscription Based IT Arrangement or SBITA). A SBITA is a contract that gives one the right to use another party’s
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Transitioning to the New York State Pension Plan Reporting Requirements by Year End

Transitioning to the New York State Pension Plan Reporting Requirements by Year End

After December 31 of this year, New York State & Local Retirement System (NYSLRS) legacy reporting will be phased out and replaced by Retirement Online for enhanced reporting. Over 900 employers have already made the switch. Since initial discussions about the change started over four years ago, we figured it’s
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Lease Accounting Standards Reminder

Lease Accounting Standards Reminder

Is your municipality stretched a little thin trying to meet GASB 87 requirements, much less GASB 96? Take heart – you’re likely not alone, but there is light at the end of the tunnel. In a survey conducted at the end of May/beginning of June for Visual Lease Data Institute’s
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Save Your Energy – Taxpayers Will Thank You

Save Your Energy – Taxpayers Will Thank You

With all the financial uncertainties that exist today, no doubt your constituents would be pleased to know your municipality is doing its part to bring down costs and operate responsibly by conducting an energy audit. As an added benefit, your actions can serve as an example and help others in
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Better Together: Local, State & Federal Resources Team Up to Fight Cyber Terrorism

Better Together: Local, State & Federal Resources Team Up to Fight Cyber Terrorism

U.S. and state leaders recognized municipalities do not have the resources or manpower to stop the onslaught of cyberattacks at a local level. This year, a new strategy has emerged in the war on cyber terrorism, fostering a shared services approach to winning on this invisible battlefield on national, state,
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Retain Valued Employees: Promote Public Service Loan Forgiveness and Special One-time Waiver

Retain Valued Employees: Promote Public Service Loan Forgiveness and Special One-time Waiver

Are you looking for another way to attract, retain, and engage employees? Remind your employees about the Public Service Loan Forgiveness (PSLF) program, as well as a special waiver only in effect until October 31, 2022 that may credit borrowers for payments that didn’t qualify in the past. According to
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Are You Monitoring Inflation Impact?

Are You Monitoring Inflation Impact?

Despite the costs for goods and services being at historic highs, state and local governments are in a solid place to withstand the many economic headwinds blowing their way; still, it appears best to proceed with caution. The Good Most municipalities are in good shape with strong rainy day reserve
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Merger Announcement

Welcome STAC Clients

Map of Qualified Census Tracts (QCTs)

  • Move map to NY and scroll to zoom in
  • Under Map Options select “Color QCR Qualified Tracts”