Posts Tagged New York
Hundreds of local governments have already reported their tax revenue losses associated with corporate subsidies. In late July, the State of New York became the first state to do so, in their Basic Annual Report, a publication that precedes the state’s more comprehensive CAFR report on state finances.
The leaders of both chambers of the New York State Legislature have been indicted on criminal charges, accused of using their power and influence to improperly assist major real estate developers. That assistance turns out to revolve around a controversial subsidy program known as 421-a.
Two-thousand fourteen was a banner year for our movement, hands down. The first move to require standardized subsidy-cost reporting! The first half of a legally-binding two-state cease fire deal! The first state ban on tax-break commissions! A big surge found in state disclosure of subsidies! Big improvements to our Subsidy Tracker, enabling first-ever mash-ups!
When The New York Times reported that JPMorgan Chase was seeking close to a billion dollars in incentives to build a new trophy h