Headlines for September 23 2022

The Tompkins County Legislature has approved a new transportation agreement between TCAT and its three underwriters, the county, the city of Ithaca, and Cornell University. According to the Ithaca Times, the previous agreement was set to expire in early October which would’ve left TCAT unfunded. The new contract will also allow TCAT’s three underwriters to collectively consider whether to absorb losses accrued in the budget if TCAT’s budget includes “substantial changes.” All three underwriters would have to pay for the losses in “equal measure.” Currently the three underwriters automatically absorb losses. 

The City of Ithaca Planning and Economic Development Committee is considering a measure that would allow the city of Ithaca to purchase 100% renewable electricity. According to the Ithaca Voice, the committee is considering something called a Community Choice Aggregation (CCA) which allows municipalities to buy energy services from companies other than their regional ones like New York State Electric and Gas (NYSEG). The city could receive a CCA to purchase renewable electricity from a different energy provider. The measure is currently being circulated for comment, and will come before the committee again next month.

New York’s Attorney General Letitia James is suing former President Donald Trump. According to the Albany Times Union, James filed a fraud complaint on wednesday against the Former President and three of his adult children, Donald Jr., Eric, and Ivanka. James says Trump and his associates inflated his net worth to induce banks to loan large sums of money to his companies. The complaint is also levied against senior officials and companies in Trump’s business empire.