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News Minute: Here is the latest New York news from The Associated Press - WCAX.COM Local Vermont News, Weather and Sports-

News Minute: Here is the latest New York news from The Associated Press

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ALBANY, N.Y. (AP) - Governor Andrew Cuomo's office says his administration is inclined to spend $300 million the state will receive as part of the national Bank of America settlement on one-time expenses such as transportation infrastructure and not on new programs that would need additional funding when the settlement money runs out. Several candidates for the state Senate say the money could help local school districts reduce property taxes.

HALFMOON, N.Y. (AP) - A prominent Albany-area developer has been arrested in connection with a government corruption investigation in suburban Halfmoon. The Times Union of Albany reports that Bruce Tanski was arraigned this morning in Saratoga County Court on charges of offering a false instrument and violating election laws.

NEW YORK (AP) - A New Jersey appliance chain has agreed to pay $1.56 million to settle allegations it failed to pay New York taxes over a 10-year period. New York state Attorney General Eric Schneiderman says Topline Appliances sold or delivered appliances to New Yorkers from its New Jersey stores without collecting any New York State and local sales taxes.

SARATOGA SPRINGS, N.Y. (AP) - The 145th running of the $1.25 million Travers Stakes at Saratoga Race Course is set for tomorrow, with the speedy Bayern a 2-to-1 favorite. Bayern is trained by Bob Baffert and was impressive in winning the $1 million Haskell Invitational in his most recent start.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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