Financial (42)

SARATOGA SPRINGS — Commissioner of Finance, Minita Sanghvi, released the city’s Quarterly Financial Report for the quarter ending March 31, 2022. 

Friday, 13 May 2022 16:26

Taking The Long-Term View

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The economy continues to be the topic on the minds of everyone, as market volatility continues to try the patience and fortitude of investors across the spectrum. During these times, more than ever, it’s important to remember to take the long-term view.

Monday, 02 May 2022 14:48

(Don’t Fear) The Tax Man

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Death and taxes, as we all know, are the inevitabilities in life. We spend a lot of time and energy avoiding the former and almost as much mental capital trying to prevent the latter. But should we? As unpleasant as they are, taxes are born out of a successful endeavor where we earned or won money in some form. That being said, you should still be “tax-aware” with your finances to minimize the drag that taxes have on your bottom line. After all, we don’t want to line Uncle Sam’s pockets unnecessarily.

In the first two months of 2022, Saratoga County and Saratoga Springs collected a combined $25 million in sales tax revenues, up 22 percent versus the same time in 2021. While its likely that rising prices due to inflation is a key driver, the reality is that since our economy was reopened in June of 2021 that we’ve seen a willingness of residents, businesses, and visitors to spend money in our local economy. 

With so much uncertainty in the current geopolitical and economic landscapes, it’s very difficult to write a timely piece without running the somewhat embarrassing risk of there being any major changes between these keystrokes, and the time you read this. That said, perhaps its uncertainty, itself, that we should be discussing. 

SARATOGA SPRINGS - City Finance Commissioner Minita Sanghvi introduced a new initiative to Saratoga Springs, which will specifically allow residents to decide how a portion of the city’s annual budget is spent.

SCOTIA ­- 1st National Bank of Scotia has announced the establishment of an advisory board. This group of local businesses and civic leaders, who represent a cross-section of industries, will advise and provide insight and guidance on issues pertinent to the growth and success of the community bank. 

Friday, 25 March 2022 12:51

Tending to Your Investment Garden

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Spring is finally here, which means it is time for those with green thumbs to start preparing their garden for the year. Last year, my wife took up gardening and had some growing pains – no pun intended. There are a lot of parallels that can be drawn between the maintenance of a garden and tending to your investment portfolio. Let’s examine what it takes to make sure you are setting yourself up for success.

Friday, 04 March 2022 14:54

Sales Tax Surges

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SARATOGA SPRINGS — The City Council on March 1 gathered for their first meeting in a long while inside the first-floor chamber room at City Hall, where Mayor Ron Kim began the meeting with the standard Salute To The Flag and requested all in attendance remain standing for a Moment of Silence in observation of the people of Ukraine. 

Friday, 25 February 2022 19:37

Adirondack Trust’s Lake George Branch Now Open

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LAKE GEORGE — The Adirondack Trust Company has officially opened a branch in the Village of Lake George. 

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