The new year could bring a rebirth to Niagara Falls, NY. 8 million visitors go to the Falls each year. Many are international visitors. A report in today's Business First says the tourist attraction is a priority for Congressman Brian Higgins, whose district will include Niagara Falls come January. Higgins says he has several models in mind for Niagara Falls with ideas from Buffalo's waterfront, with Canalside and the Central Wharf, to Larkinville and Elmwood Avenue. He hopes to have improvements in place in the next 3-5 years.
A report in today's Business First shows how the federal government needs to make some changes quickly or economists say a financial crisis will take hold come January, due to federal budget cuts meant to reduce the deficit and the expiration of Bush tax cuts. Experts estimate that middle-income families could pay an average $2,000 more next year in taxes, while jobs may be lost and unemployment levels may escalate. U.S. stocks could also plunge. Officials at M&T Bank call it a double-whammy that will tip us into a recession. President Barack Obama and Congress are under pressure to reach a deal by Dec. 31. You can read more about what local experts say in today's Business First.