National - The deadly capsizing of the Costa Concordia could cost a lot, coming at the worse time of year.  Of course this time of year is the start of the peak of booking season for cruises.  Though it’s still too early to tell how much money insurance firms will have to shell out, a few different analysts estimate claims could hit $500 million or even $1 billion.  Of more than 4,000 people on board, 11 died and two dozen are still missing

.

Albany - State workerswere forced out of their building at 97 Central Avenue yesterday afternoon.  Smoke filled the basement and an alarm went off, sending about 100 employees out onto the street shortly after noon time.  Crews from National Grid and the Albany Fire Department were on hand to assess the underground electrical problem while power was cut to the building shortly before employees were finally sent home around 2:15pm.  No injuries were reported.

State - Governor Cuomo announced his $132.5 billion budget Tuesday afternoon.  His budget proposal still needs to be approved by the Legislature and is likely to set off the unions representing state employees and teachers.  Cuomo’s plan includes raising the retirement age to 65, contributions to the state pension system would go up to 4,5 or 6 percent from the current 3-percent and the pension multiplier that determines an employee’s final payout would drop, just to name a few. 

.

Voorheesville - A local teacher accused of a biting a student plead not guilty yesterday in village court.  Michael Guerette, a fifth-grade teacher at Voorheesville Elementary School, was arrested and charged last month with endangering the welfare of a child, a misdemeanor.  Guerette was the one that reported the December 13th incident to administrators.  He had been challenged to a strength contest by a male student.  Other students, including the one that got bit, tried to pile on and assist in the student’s win.