A hurting might be approaching the city of Albany.  It is expected that ten thousand jobs will be cut over the coming year.  The State Controller stated that this will be detrimental to the State of New York's finances.  The city of Albany is heavily reliant on the profits from Wall Street to fund the state government.
According to lawmakers and Governor Cuomo the state budge is expected to be $2 billion in the red for the year of 2012.  The securities market seemed to be strengthening the first half of the year however during the second half growth has stalled.  Currently securities account for 14 percent of the State of New York's budget.  Not too long ago 20 percent of the State's budge was financed through securities.  Also one out of thirteen jobs in the state is involved in the securities industry.
In the news of anticipated layoffs, the climate has been similar.  This year during April to August four thousand and one hundred jobs were lost.  The State Controller estimates that thirty two thousand jobs have been lost between the calendar year of 2008 til now.
If you are in need of a move in the near future than trust the movers in Albany NY for your moving solutions.  From household moving to office relocations Arnoff can hand it all with a smile.