New York

New York is First State to Report GASB 77 Subsidy Data

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.

03/27/2017

By Jim Heaney and Charlotte Keith, Albany Times-Union

New York has seemingly tried every which way to jump-start its upstate economy.

Governor after governor proposed what they considered the answer to upstate's economic woes, but program after program came up short.

Gov. Andrew Cuomo was determined to change that when he took office in 2011. Cuomo has increased state subsidies, launched several bold initiatives and crisscrossed the state to announce state-funded projects he frequently described as "game-changers."

07/21/2015

By Diane Cardwell, July 20, 2015

BUFFALO — Along a bend in the Buffalo River here, an enormous steel and concrete structure is rising, soon to house one of the country’s largest solar panel factories. Just to the south, in the rotting guts of the old Bethlehem Steel plant in Lackawanna, where a dozen wind turbines already harness the energy blowing off Lake Erie, workers are preparing to install a big new solar array.

07/19/2015

By Elizabeth Bird and Bill O'Meara, July 20, 2015

Publishing giant Time Inc. has been cutting hundreds of jobs in recent years, but its next round of layoffs come despite significant financial help from New York State taxpayers.

Subsidies and Corruption in New York

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.

2014: A Landmark Year for Subsidy Accountability

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!

JPMorgan Chase Abandons $1 billion NYC Subsidy Effort

When The New York Times reported that JPMorgan Chase was seeking close to a billion dollars in incentives to build a new trophy h