Nov. 16: Fraud in unemployment claims. 1st responder peer support team formed. Amtrak expands service. J'burg's Hogan takes job on Maine island.
Executive Summary: A round-up of today's regional business news.
$11B improper COVID-related payments
New York State paid about $11 billion COVID-related unemployment insurance payments that were improper or fraudulent, the state’s comptroller says in a report covered by the Albany Business Journal. The report contends that the payments were part of a system too out of date to track payments properly, leading to poor choices by administrators or to fraud and abuse. Unemployment insurance is paid by businesses, currently at the highest rate allowed by law, the story says. The state owes $7.7 billion to the federal government. 30 states have used the federal CARES Act funding to pay down the debt, but New York has not, the story says.
Johnsburg Supervisor takes job on Maine island
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