On appeal

first_imgOn appealOn 26 Mar 2002 in Personnel Today Continuing our regular series on the implications of recent significantcases. Gareth Brahams, senior solicitor at Lewis Silkin, looks at the issuesCancellation of share options “irrational” Mallone v BPB Industries – Court of Appeal, 19 February 2002, unreportedMallone was dismissed from his position as managing director of BPB’sItalian subsidiary in November 1995. At that time, he held a substantial numberof share options in BPB that had been awarded each year from 1990 to 1994 underthe terms of BPB’s senior execution share option scheme. Under the rules of the scheme, options held by an executive who ceased to beemployed by BPB could be exercised during the six months after the thirdanniversary of them being granted. This was subject to an ‘absolute discretion’on the part of BPB directors to allow only a fraction of those options to beexercised. The fraction consisted of a denominator of 36 and a numerator to bechosen by the directors. On the day of Mallone’s dismissal, the directors purported to cancel hisshare options in full by determining the numerator of the fraction to beapplied to any exercise by him of the options, as zero. This decision was notnotified to Mallone. He only became aware of it when his request in September1997 to exercise his options was refused. The High Court upheld Mallone’s claim for breach of contract, ruling thatalthough the contract purported to give the directors an absolute discretion inrelation to the options, they still had to exercise that discretion rationally.In cancelling the options, they had failed to do so. Dismissing BPB’s appeal, the Court of Appeal upheld the High Court’sconclusion that the directors’ exercise of discretion was irrational. Inconsidering the fraction to be applied to the options, the directors wereobliged to bear in mind that they were dealing with vested property rights thathad been awarded because of Mallone’s good service. The court said there wasnothing in the circumstances of his dismissal that warranted him being divestedof those accrued rights. This ruling is significant for two reasons. First, it is the first time theCourt of Appeal has confirmed that there is no such thing as an ‘absolute’discretion. An employer exercising a discretion will be in breach of contractif no reasonable employer would have exercised the discretion in that way.Second, this is the first case in which the principle of ‘irrationality’ hasbeen applied to share options as opposed to discretionary contractual bonuses(for example, Clark v Nomura International [2000] IRLR 766). Withdrawn complaint could be resurrected Rothschild Asset Management v Ako – Court of Appeal, 1 March 2002,unreported Ako brought an employment tribunal claim for unfair dismissal and racediscrimination against Rothschild, which she subsequently withdrew. Thetribunal issued a standard order dismissing the claim on withdrawal by theapplicant. Ako withdrew the claim because she realised she should have claimed not onlyagainst Rothschild but also against another company that was a possibletransferee of the relevant part of the business under Tupe. Within a week, shehad issued a fresh claim naming both companies as respondents. The issue was whether the legal doctrine of res judicata prevented Ako frompursuing the second claim. Res judicata prevents people from re-litigatingcases (or issues in cases) on which there has already been a decision by acourt or tribunal. A previous case suggested that once a tribunal claim is dismissed onwithdrawal by the applicant, it cannot be raised again (Barber v StaffordshireCounty Council [1996] ICR 379). In Ako’s case, however, the Court of Appeal held that she should bepermitted to proceed with her second claim. The key point was that she had notintended to abandon her claim altogether by withdrawing the first application.Rather, she wanted to discontinue the proceedings so she could reframe herapplication correctly. The court said that the position was similar to that in another recent case,Sajid v Sussex Muslim Society [2002] IRLR 113, in which res judicata was heldnot to apply. In that case, the applicant had withdrawn an employment tribunalcomplaint for breach of contract but expressly reserved the right to reissuethe claim in the High Court. The main point to come from these cases is that the reason applicantswithdraw complaints is the critical factor in determining whether they areblocked from issuing fresh proceedings. Employer not liable for racist comment Haringey Council (Haringey Design Partnership Directorate of Technical& Environmental Services) v Al-Azzawi – EAT, IDS Brief 703, p7 Al-Azzawi was an architect of Iraqi Arabic origin employed by HaringeyCouncil. He complained that, at a discussion about an upcoming quiz evening, acolleague had referred to ‘bloody Arabs’ whom he claimed had disrupted theevent the previous year. Having investigated the matter, the council gave thecolleague a written warning for misconduct that stood for two months, and madehim write an apology to Al-Azzawi. Al-Azzawi subsequently brought a complaint of race discrimination alleging,among other things, that the council was liable for the racist remark. Thetribunal upheld this part of the claim and awarded £8,000 compensation. On the council’s appeal, the EAT said the issue was whether the council hadtaken such steps as were reasonably practicable to prevent the discriminatorycomment. The tribunal had wrongly focused on events after the incident – thatis, the disciplinary process and what was thought to be a lenient penalty.According to the EAT, these matters were irrelevant to the question of thecouncil’s liability. The tribunal had in fact found that the council had a comprehensive equalopportunities policy in place and had provided training courses on racial awarenessfor its employees (including the wrongdoer in question). Moreover, the tribunal had expressly stated that the council had done morethan pay lip service to the issue of racial equality. The EAT concluded thatthe council had taken all reasonable steps to prevent the racist remark and socould not be held liable for it. This decision provides a useful reminder of the practical measures thatemployers need to have in place to avoid ‘vicarious’ liability fordiscriminatory acts by their employees under the Race Relations Act 1976. Comments are closed. Previous Article Next Article Related posts:No related photos.last_img read more

Prep Sports Schedule: 4/6

first_imgBaseball2-A NorthGunnison 13 North Summit 02-A SouthKanab 4 Enterprise 3Beaver 8 Millard 4Region 14Carbon 12 Delta 0Region 15Manti 17 North Sanpete 7 FacebookTwitterLinkedInEmailSoftball2-A CentralGunnison 10 Millard 4Region 15North Sanpete 10 Manti 3 April 5, 2018 /Sports News – Local Prep Sports Schedule: 4/6 Written bycenter_img Tags: Baseball/Beaver/Carbon/Delta/Enterprise/Grand/Gunnison/Hurricane Valley Rotary Invitational/Kanab/Manti/Millard/Monticello/North Sanpete/North Sevier/North Summit/Piute/Softball/South Sevier/Temple View Qualifier/Track and Field Brad Jameslast_img

US Navy contracts NG, L3 for NGJ work

first_img View post tag: EA-18G Photo: US Navy file photo of an EA-18G Growler View post tag: NGJ View post tag: US Navy View post tag: Northrop Grumman The US Navy has awarded Northrop Grumman and L3 Technologies contracts worth $35.1 million to demonstrate existing technologies for the low-band frequency jammer, the second increment of the Next Generation Jammer (NGJ) program.The NGJ system will augment, and ultimately replace the EA-18G Growler aircraft’s aging ALQ-99 tactical jammer with advanced airborne electronic attack capabilities for defeating increasingly advanced and capable threats.Developed in three frequency-focused increments – high-band, mid-band and low-band – NGJ will be capable of jamming multiple radar signals at the same time, including surveillance and air-defense radars.“Northrop Grumman will deliver a mature, low-risk and exceedingly capable solution for Next Generation Jammer Low Band that outpaces evolving threats and enables the Navy’s speed-to-fleet path,” Thomas Jones, vice president and general manager, airborne C4ISR systems, Northrop Grumman, commented.“NGJ-LB is a critical piece of the overall NGJ system in that it focuses on the denial, degradation, deception and disruption of our adversaries’ abilities to gain an advantage in that portion of the electromagnetic spectrum,” said Capt. Michael Orr, PMA-234 program manager. “It delivers to the warfighter significant improvements in power, advanced jamming techniques, and jamming effectiveness over the legacy ALQ-99 system.”Each “demonstration of existing technologies” contract has a 20-month period of performance, during which the NGJ-LB team will assess the technological maturity of L3 Technologies and Northrop Grumman’s existing technologies in order to inform future NGJ-LB capability development, as well as define the NGJ-LB acquisition strategy. Share this articlelast_img read more

In Short

first_imgIrish welcome piesPieminister, the Bristol-based pie-maker, said it has had a “really positive” response to the limited product range it has just launched in Ireland. Its first Irish festival was Electric Picnic, where it quickly sold out. Selling through weekly markets and selected food halls and delis, all in the Dublin area, it plans further Irish retail expansion.New line for ButtNottingham bread manufacturer Butt Foods has launched a new product range after receiving £3,800 from the iNet funded by the East Midlands Development Agency and the European Regional Development Fund. It developed five flavours in its new Big Softy sub roll range and also came up with interactive marketing materials to support the sale of the Big Softy sub rolls into the foodservice, sandwich supplier and retail markets.Fraud alertBakers are being caught out by a fraud that sees them pay for advertising in a non-existent ’Police Crime Prevention Year Book’, according to the National Fraud Intelligence Bureau. It said bakers, along with other trades, had paid between £90 and £350 for adverts they hadn’t taken out targeted by fraudsters thought to be based in the Manchester area.Organic not soughtOnly 9% of consumers actively seek out organic product claims, with organic being ranked 27th of 34 commonly ’looked-for’ product claims by UK shoppers, according to a survey by MMR Research Worldwide. It found that claims such as ’healthy’, ’natural’ and ’free of artificial colours, flavours and preservatives’ were up to five times as appealing, and said organic food brands needed to introduce more of the benefits of organic into their message.last_img read more

Phish Brings Out 20+ Minute “Disease” In Energetic Alpharetta Opener [Watch/Recap]

first_imgFor the eighth time in their career, Phish took the stage at the Verizon Wireless Amphitheatre at Encore Park in Alpharetta, GA along their 2016 fall tour. Five shows in, the tour as a whole has been heavy on the new Big Boat material, though certainly making room for a hearty serving of their classic material. Phish seems to be locked in as they go, hitting the Southeast with a gusto. How would their much anticipated return to Alpharetta fare?The band got started with “A Song I Heard The Ocean Sing,” playing the darker tune for the first time on tour. Trey Anastasio took it into a whirlwind solo, before releasing the tension with lighthearted versions of “AC/DC Bag” and “Back On The Train.” With the looseness of two groovy tracks, the rhythm section of Jon Fishman and Mike Gordon fueled a great jam out in “Blaze On.” Phish seems to be putting longer jams in the first set, and while “Blaze On” stayed within the box (aka Type I), it was evident that the band was tight-knit and having a ton of fun.Watch the official stream of “A Song I Heard The Ocean Sing” below.Gordo got to take the lead next, as the band brought out “Sugar Shack” for the first time on this tour. Trey nailed the song’s carefree melody throughout, extending it for a nice solo with some fun arpeggios. This was a longer version than usual, adding an exciting energy to the song. Page McConnell took the lead next, singing along on the peppy new Big Boat tune “Things People Do.”Next up was a rocking “Birds Of A Feather,” with Trey leading a great tension-build and release solo. This was a tight jam that kept the energy of the first set high, but it was a “Mercury” that was a real highlight of the set. Though “Mercury” didn’t appear on Big Boat, it was debuted at the same time as tunes like “Blaze On” and “No Men’s.” Now played for the second time on this tour, it’s certainly exciting to have the song in a tighter rotation. Fishman played the Marimba Lumina at times during the song’s lighter section. This was a great “Mercury,” as the band extended the version with a tight jam out at the end.“Let’s Go” came up next, another new original tune that was left off the new album. “Let’s Go” was actually the center of a discussion in the Roling Stone interview that was published today, as producer Bob Ezrin opted to leave the Gordo original off the album despite his and Trey’s objections. The upbeat number was played for only the second time, but let’s hope it stays in rotation. It’s a fun one! “Alaska” came next, treating the Alpharetta crowd to some bluesy funk. This was a raging version of “Alaska,” but the band took the mood into a sentimental place with their new song, “More.” The track came to life in the live setting, with Trey rolling out some great guitarwork to bring the song, and set, to a grand conclusion.After the break, it was Gordo that hit the opening rumbles of set two with a blistering, 21-minute version of “Down With Disease.” The jam started out with rock and roll energy and turned a corner into a more floating segment, but then curved back into some deeper bass-driven grooves. This was an exploratory “Disease,” moving into a progressive rock sound before Trey led the jam into a rock and roll call-and-response. Things only got spacier, drawing deeper into an exploratory funk before Trey moved over the Marimba Lumina and really nailed the low-end synth bombs. He eventually picked back up the guitar and rocked the opening notes of “Carini.”Watch the official stream of “Down With Disease” below.The “Carini” quickly went into an ambient jam session, as the band kept things lighthearted in a typically heavy song. The light touch continued as the group segued into Fuego track “Winterqueen,” and this was a beautiful version with a nice, soaring solo. Trey brought the song to a close with its melody, but it was Fishman that ushered in the subsequent “Ghost.” The improvisational section went from rhythmically funky to melodically uplifting, then back to slow and funky to close out the song.Page then hammered out the opening notes of “Possum,” and Trey kept the song loose and rocking. This was clearly a crowd pleaser, with the energy riding high. It was the tour debut of “Slave To The Traffic Light” that would bring the set to a close, putting a truly triumphant finale to a great set of music.For their encore, Phish closed out the show with their first cover of the night, Rolling Stones’ “Loving Cup.” Trey was absolutely shredding the ending of the song, bringing one last beautiful buzz to Alpharetta. This was a great memorable night of music from Phish, and we can’t wait to hear what they have in store for night two tomorrow.You can see the full Phish.net setlist below.Setlist: Phish at Verizon Wireless Amphitheatre at Encore Park, Alpharetta, GA – 10/21/16Set 1: A Song I Heard the Ocean Sing, AC/DC Bag > Back on the Train, Blaze On, Sugar Shack, Things People Do, Birds of a Feather, Mercury, Let’s Go, Alaska, MoreSet 2: Down With Disease > Carini > Winterqueen > Ghost > Possum > Slave To The Traffic LightEncore: Loving CupThis show was webcast via Live Phish. The Birds was quoted at the end of BOAF.last_img read more

Contemporizing IT

first_imgI left EMC’s recent CIO Summit in Singapore thinking about Big Data and race cars.During the Summit, Michael Taylor, CIO of Lotus F1 Racing, referenced that their car has more than 150 sensors that capture 25MBs per lap and 50GBs of data per race that can be analyzed to fine tune the car for the next race. It’s absolutely incredible and is turning race cars into mobile R&D centers.While I may not drive a race car, I am excited about how the proliferation of sensors and Internet of Everything will benefit us personally and professionally in the future. And, as a CIO, it is also a reminder that we must take a more contemporary approach to IT to unlock the potential of this information.We need to devise a way to capture and manage this big, fast data and provide a platform for our users to analyze this information in real-time. At EMC, we are creating a ubiquitous data lake where we could ingest a large amount of data, and then put the intelligence on top of it. This goes beyond just visualizing the data to provide our business users with the ability to play with the data and change the variables to drive different outcomes and different behaviors.However, as CIOs of contemporary IT organizations, we cannot focus just on the technology. To paraphrase one CIO’s comment at the Summit, a technology approach like this enables us to stop thinking about delivering products and solutions, and begin to focus on how we can help our business users achieve value-driven outcomes. While technology is critical, contemporary IT requires that we take a long, hard look at our people and processes and evolve to organization to be business-facing, service-oriented, consumption-funded and, most importantly, value-driven.Which brings me back to Michael’s session at our Summit. Capturing all that data is important, but only if it helps Lotus F1 get faster, more agile and more competitive after each and every race. How are you contemporizing IT to supercharge your business?last_img read more

Students stand with Bangladesh

first_imgApproximately 16 Notre Dame students from Bangladesh are standing in solidarity with their nation from more than 8,000 miles away.  Protests broke out across Bangladesh on Feb. 5 after Abdul Kader Mullah, the leader of the country’s largest Islamic party, Jamaat-e-Islami, received a sentence of life in prison for crimes committed during the war for liberation from Pakistan in 1971, according to Time Magazine. Jamaat-e-Islami members collaborated with Pakistan to perpetrate widespread rape, mass killings and a push against intellectuals, also according to Time. Graduate student Tahsin Ahmed said many Bangladeshis thought the life sentence was not sufficiently severe. “People thought that if somebody is given [a] life sentence for doing this sort of crime, then other crimes, like normal murders and other rapes, they don’t have justification for giving … capital punishment,” Ahmed said. “Their goal was to protest against that.” Ahmed said Mullah should receive the death penalty because not only did he help plan Jamaat-e-Islami’s crimes, but he also participated in them.  “If someone who is actually involved in a crime is not given the capital punishment, what will happen to the other people [who only planned the crimes]?” Ahmed said.  Graduate student Rumana Reaz Arifin agreed a life sentence was inadequate. “It has been preplanned, it has been organized, it has been cold-blooded and it has been executed,” Arifin said. “It’s not just a murder. It’s a genocide.” Ashraf Khan, also a graduate student, said although Mullah’s sentencing instigated the nationwide protests, the focus has expanded to calling for justice for all people accused of war crimes in 1971. Ahmed said the movement is “very nonpolitical and nonviolent.” Forms of protest have included a candle vigil on Valentine’s Day, flying the national flag, singing the national anthem in schools and observing silence for three minutes nationwide, Arifin said. She said many protests occur in Shahbagh Square in Dhaka, Bangladesh’s capital, but they are taking place in cities across the South Asian nation.  “If you think about [the fact that] the whole country is raising their voice or showing their protest for one single thing, then it’s really a mass upheaval,” Arifin said.  To express support for the activists, the Notre Dame students from Bangladesh held a symbolic protest Feb. 8 in front of Main Building. Ahmed said the group arranged candles in the shape of the Bengali numerals for “71” to express respect for the people murdered in 1971. “It shows we are with them,” Ahmed said. “We gathered in front of the Dome. We all get together and show our protest with posters, both in our own language and English to show that we want … capital punishment [for the war criminals].” Bangladeshi students at other American universities are also expressing protest, Ahmed said.  Arifin said the Notre Dame students from Bangladesh wanted the University community to know about the situation in their country, especially because the Congregation of Holy Cross runs Notre Dame College in Dhaka. She said the group could create an informational exhibition if community members were interested in learning more. “If somebody wants to know more, then we can show more,” Arifin said. “We can tell them about the history.”last_img read more

Rock Eagle Chapel Restoration

first_imgA generous $200,000 gift from a prominent 4-H alumna and an outpouring of support at the 2019 Georgia 4-H Gala catapulted the fundraising effort to rebuild the Rock Eagle Chapel at the Rock Eagle 4-H Center past its $400,000 goal on Aug. 10.“Georgia 4-H is grateful to Kelly Loeffler for the generous and thoughtful contribution to our Rock Eagle Chapel restoration campaign. Her investment in our organization was an inspiration to all alumni and supporters to be a part of the efforts, and ensured the attainment of our fundraising goal,” said Johnathon Barrett, executive director of the Georgia 4-H Foundation. “This gift is appreciated by all Georgia 4-H’ers and will be for generations to come.”Loeffler is CEO of Bakkt, a regulated, global ecosystem for digital currencies, and a member of the executive team at Intercontinental Exchange, which operates more than a dozen global market infrastructures, including the New York Stock Exchange. She is also co-owner of the Atlanta Dream, the first women-owned professional sports team in Atlanta.Shared memories and stories of 4-H “resonate with so many of us and center in our hearts and minds what 4-H has meant to each of us,” said Loeffler at the Georgia 4-H Gala. “They remind us what each of our experiences have meant to our development and growth. These 4-H projects and our 4-H leaders were really mentors and guides and guideposts that taught us and brought us along in life. There are so many of these wonderful memories which I personally benefited from and continue to benefit from.”Recalling working with her father in the cattle feedlots on her family’s farm in Illinois or sewing and baking with her mother, Loeffler said these memories were lessons that have helped her in the business world.“They also encourage me to think toward the future of 4-H and that was really the reason we wanted to contribute to this effort,” Loeffler said. “As honorary Georgians, we are really proud to be able to contribute to something that looks to the future of 4-H and contributes to this beautiful chapel being restored.”The Rock Eagle Chapel was severely damaged in February due to an electrical fire caused by wildlife damage. Construction on the restoration has begun and is expected to be completed by February 2020, Barrett said.last_img read more

Vermont’s September Revenue Figures Exceed Target for the Month

first_imgVermont’s September Revenue Figures – General Fund, Transportation Fund and Education Fund – Exceed Target for the MonthMontpelier, VT (October 10, 2008) – Secretary of Administration Neale F. Lunderville has released General Fund revenue results for themonth of September, the third month of Fiscal Year 2009. General Fund revenues totaled $127.44million for September 2008, +$13.84 million or +12.19% above the $113.60 million consensusrevenue forecast for the month. Cumulatively, General Fund revenues year to date were $294.03million or +12.97 million (+4.61%) above the consensus revenue forecast for Fiscal Year 2009.However, there are certain factors that impact the availability of this apparent above target result.It is important to note that the September revenue includes a legal settlement of $6.03 million. At thetime the consensus revenue forecast was approved in July 2008, the outcome of the legal action wasunknown. Consequently, no amount was included in the consensus forecast for the potentialsettlement; however, an estimated $5.57 million was anticipated and already earmarked for use. Ofthe $6.03 million, $2.3 million has been transferred to Teachers’ Retirement and the remaining $3.73million was included in the August 2008 General Fund Rescission, reducing the appropriationreductions necessary to balance the FY 2009 budget. This means that only $0.46 million of thesettlement is in excess of what was anticipated, not the entire $6.03 million.Without the portion of the settlement that was anticipated, General Fund revenue results for themonth of September were +$8.28 million or +7.29% above the $113.60 million consensus revenueforecast for the month. Cumulatively, adjusted General Fund revenues year to date were +$7.40 million (+2.63%) above the consensus revenue forecast for Fiscal Year 2009. However, giventhe instability in the national economy, we do not expect revenues to exceed targets for theremainder of the fiscal year.The monthly targets reflect the most recent Fiscal Year 2009 consensus revenue forecast that wasagreed to by the Emergency Board on July 29, 2008. The state’s consensus revenue forecast isnormally updated two times per year in January and July. However, with the downturn in thenational economy, the Emergency Board has scheduled an interim review of the consensus revenueforecast for November 18, 2008.Personal Income Tax receipts are the largest single state revenue source, and are reported Net ofPersonal Income Tax refunds. Personal Income Tax receipts for September were $67.33 million,+$4.50 million or +7.16% above the monthly target. Corporate Income tax receipts for Septemberwere $12.28 million, +$1.18 million or +10.65% above the target for the month. Both the PersonalIncome Tax and Corporate Income Tax receipts were significantly above target in the category ofestimated income tax payments. For those individual and corporate tax payers required to payestimated tax payments in lieu of withholding tax, those payments are generally paid at a minimumof 90% of their prior year tax amount. In light of national economic turbulence, it is veryprobable that a significant portion of these estimated payments will need to be refunded whenthe 2008 tax returns are filed. In other words, we do not believe that the elevated revenues seenin September will continue in future months.Sales & Use Tax and Rooms & Meals Tax were both above target for the month. Sales and Use Taxwas +$0.51 million (+2.95%) above the target for September of $17.30 million, while Rooms &Meals was +$0.71 million (+6.00%) above the monthly target of $11.82 million. The remaining taxcomponent results for the month were: Insurance Premium, $2.14 million (+85.72%);Inheritance/Estate Tax, $0.17 million (-88.00%); Real Property Transfer Tax $0.99 million(+1.53%); and Other, $14.19 million (+103.58%). Included in the Other category was $6.03 millionin Bank Franchise tax – the settlement dollars referred to earlier in this press release. Year to dateresults for these components were: Insurance Premium, $8.17 million (+2.97%); Inheritance/EstateTax, $1.82 million (-53.24%); Real Property Transfer Tax $3.06 million (+0.07%); and Other,$27.68 million (+48.86%), inclusive of the $6.03 million settlement.Transportation FundSecretary Lunderville also reported on the results for the non-dedicated Transportation Fund revenue.Transportation Fund revenue was $19.07 million, which was +$0.22 million, or +1.18%, above themonthly target for September. Cumulatively, Transportation Fund revenues year to date of $53.38million were -$1.71 million or -3.11% below the consensus revenue forecast for Fiscal Year 2009.For the month of September, Gasoline Tax revenue was slightly above target; actual revenues fromthe Gasoline Tax were +$0.32 million (+5.66%) above the consensus revenue estimate of $5.65million. The Other Fees of $1.87 was also above the target by +$0.38 (+25.20%). The Diesel Tax,Motor Vehicle Purchase & Use Tax, and Motor Vehicle Fees were all below their monthly targets;Diesel Tax, $1.28 million or -5.44% below the monthly target; Motor Vehicle Purchase & Use Tax,$4.69 million or -5.67% below the monthly target; and Motor Vehicle Fees, $5.27 million or -2.20%below the monthly target.Education FundSecretary Lunderville released revenue results for the “the non-Property Tax” Education Fundrevenues (which constitute approximately 12% of the total Education Fund receipts). The EducationFund receipts totaled $13.27 million for the month of September, or $0.18 million (+1.35%) abovethe $13.09 million consensus revenue target for the month. Cumulatively, Education Fund revenuesyear to date were $37.82 million or -$1.05 million (-2.70%) below the consensus revenue forecast forFiscal Year 2009.The portion of the Education Fund derived from the Motor Vehicle Purchase & Use Tax was belowexpectations for the month of September, as was the Lottery Transfer. The Education Fund portionof the Sales & Use Tax was above target for September.Specifically, the Education Fund components were: Sales and Use Tax, $8.90 million or +2.95%above target; Motor Vehicle Purchase & Use, $2.35 million or -5.67% below target; LotteryTransfer, $1.89 million or -2.16% below target; and Education Fund Interest $0.13 million or+454.47% above the monthly target.ConclusionSecretary Lunderville cautioned that, “The continued volatility in the national economy is a seriousconcern. We need to be very cautious because of the uncertainty of national markets and theexpectation that a significant amount of the Estimated Income Tax payments received to date in theGeneral Fund will likely need to be refunded. We will continue to monitor future revenues veryclosely and review the situation again after the revenue forecast is revised in November.”Note: Revenue Estimates are fiscal year total estimates.Prepared by Department of Finance & ManagementDate: October 02, 2008last_img read more

Hempstead Shooting Leaves Man Dead

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York A 25-year-old man was shot and killed near the Long Island Rail Road station in his hometown of Hempstead on Wednesday morning, Nassau County police said.Hempstead village police officers responded to a report of shots fired at the corner of Morrell Street and Morton Avenue, where they found the victim suffering from multiple gunshot wounds at 9:40 a.m., police said.The victim was taken to a local hospital, where he was pronounced dead a half hour later. His identified as Ehrik Williams.No arrests have been made and there no description of the shooter was available. Homicide Squad detectives are continuing the investigation.Detectives ask anyone with information regarding the above crime to call Nassau County Crime Stoppers at 1-800-244-TIPS.  All callers will remain anonymous.last_img read more