Sentences with phrase «on economic development spending»

Five days after Governor Andrew Cuomo delivers his State of the State address, the corruption trial of his former close aide Joe Percoco is scheduled to begin — kicking off a year of fraud and bribery trials featuring once powerful men in Albany and shining a light on economic development spending.

New York spent $ 21,206 per pupil compared to a national average of $ 11,392 in school year 2014 - 2015.38 Better targeting spending to the highest needs districts would contain costs while ensuring that all students have access to a sound basic education.39 The State wastes $ 1.2 billion annually on property tax rebates and allocates $ 4 billion annually on economic development spending with a sparse record of results.40 Curtailing spending in these areas would reduce pressure to increase taxes and lessen the tax differential with other states.

Not exact matches

Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced increases in the build rates of certain aircraft; 6) the effect on aircraft demand and build rates of changing customer preferences for business aircraft, including the effect of global economic conditions on the business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals as a result of global economic uncertainty or otherwise; 8) the effect of economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign currency exchange rates; 9) the success and timely execution of key milestones such as the receipt of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets and the impact of future discount rate changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect of changes in tax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.

Worryingly for Emanuel's administration, the union seems to be framing the dispute as a tradeoff between education and economic development, with Sharkey noting that, «We need to be asking why we're spending on things like river walks when our schools aren't funded.»

Such risks, uncertainties and other factors include, without limitation: (1) the effect of economic conditions in the industries and markets in which United Technologies and Rockwell Collins operate in the U.S. and globally and any changes therein, including financial market conditions, fluctuations in commodity prices, interest rates and foreign currency exchange rates, levels of end market demand in construction and in both the commercial and defense segments of the aerospace industry, levels of air travel, financial condition of commercial airlines, the impact of weather conditions and natural disasters and the financial condition of our customers and suppliers; (2) challenges in the development, production, delivery, support, performance and realization of the anticipated benefits of advanced technologies and new products and services; (3) the scope, nature, impact or timing of acquisition and divestiture or restructuring activity, including the pending acquisition of Rockwell Collins, including among other things integration of acquired businesses into United Technologies» existing businesses and realization of synergies and opportunities for growth and innovation; (4) future timing and levels of indebtedness, including indebtedness expected to be incurred by United Technologies in connection with the pending Rockwell Collins acquisition, and capital spending and research and development spending, including in connection with the pending Rockwell Collins acquisition; (5) future availability of credit and factors that may affect such availability, including credit market conditions and our capital structure; (6) the timing and scope of future repurchases of United Technologies» common stock, which may be suspended at any time due to various factors, including market conditions and the level of other investing activities and uses of cash, including in connection with the proposed acquisition of Rockwell; (7) delays and disruption in delivery of materials and services from suppliers; (8) company and customer - directed cost reduction efforts and restructuring costs and savings and other consequences thereof; (9) new business and investment opportunities; (10) our ability to realize the intended benefits of organizational changes; (11) the anticipated benefits of diversification and balance of operations across product lines, regions and industries; (12) the outcome of legal proceedings, investigations and other contingencies; (13) pension plan assumptions and future contributions; (14) the impact of the negotiation of collective bargaining agreements and labor disputes; (15) the effect of changes in political conditions in the U.S. and other countries in which United Technologies and Rockwell Collins operate, including the effect of changes in U.S. trade policies or the U.K.'s pending withdrawal from the EU, on general market conditions, global trade policies and currency exchange rates in the near term and beyond; (16) the effect of changes in tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personnel.

Our future capital requirements may vary materially from those currently planned and will depend on many factors, including our rate of revenue growth, the timing and extent of spending on research and development efforts and other business initiatives, the expansion of sales and marketing activities, the timing of new product introductions, market acceptance of our products and overall economic conditions.

But as cities, counties and states compete for economic development, spending on such programs nationwide has climbed into the billions of dollars, even in an era of fiscal austerity.

Cuomo proposed using some of a $ 4 billion surplus, which he acknowledged was a «one - shot» revenue source from numerous financial settlements, on infrastructure spending, education and for helping local governments find ways to share services as part of an overall economic development boost for the upstate region.

Heastie and Flanagan had not murmured a peep about the billions being spent on economic development until the subpoenas started landing, now they are all concerned about the integrity of the process.

Gov. Andrew Cuomo yesterday proposed spending $ 750 million through the Regional Economic Development Councils, but Majority Leader John Flanagan isn't quite ready to sign on on that just yet.

Flanagan indicated he wanted a broad - based review of economic development spending, including some areas that are potentially sensitive to Cuomo, such as the money his administration spends on advertising job - creating efforts and a review of the «lack of accountability for major deals and projects that fail miserably when it comes to creating jobs.»

Republican Senate Majority Leader John Flanagan on Tuesday called for greater oversight of economic development spending that includes a «top - to - bottom review.»

The state budget includes no significant new controls or oversight on how the Cuomo administration spends money on economic development projects, and that troubles many lawmakers after federal prosecutors accused eight men of bid - rigging schemes in earlier development projects.

Senate Republicans have indicated they are taking a more aggressive push on economic development oversight and spending in the state.

DeFrancisco, an attorney, was first elected to the Senate in 1992 and has emerged as a leading critic of Democratic Gov. Andrew Cuomo's record on taxes, spending and economic development.

The Capital Plan indicates the latest $ 385 million will be spent entirely on economic development, itself a highly elastic category.

When the program launched in 2001, New York shot to the top of the national rankings for average spending on economic development, according to research by Timothy Bartik, senior economist at the Upjohn Institute for Employment Research.

Tax dollars should be spent on education, economic development, etc...

He said in the end, it's the public's money, through tax payments, that is being spent on the economic development projects, and he said they deserve to know the details.

The top legislative leaders in the Democratic - led Assembly and GOP - controlled Senate on Tuesday indicated they support approving $ 485.5 million in spending for a subsidiary of the under - investigation SUNY Polytechnic, saying the money is vital for the continuation of the economic development program in western New York.

«State government just squandered its opportunity to restore public confidence to the procurement process and shed light on billions of dollars in economic development spending.

Cuomo also rolled back New York's estate tax, eliminated the dedicated bank tax, cut corporate taxes and has increased economic development spending that critics on the left and right deride as corporate welfare.

Sen. John DeFrancisco, a main sponsor of the procurement bill that would re-authorize Comptroller Tom DiNapoli to have oversight of major economic development spending efforts, seemed less - than - bullish on the bill's chances.

The good - government group Reinvent Albany on Monday issued a memorandum in opposition to a bill backed by Independent Democratic Conference Leader Jeff Klein that would create a chief procurement officer to oversee economic development spending.

While good - government groups and lawmakers push for more oversight and transparency of economic development spending in New York, legislative leaders in Albany still hope to strike a deal with Governor Andrew Cuomo on the issue.

Gov. Andrew Cuomo on Monday at the state Business Council's annual retreat in Bolton Landing gave what has become a sort of greatest - hits speech for his administration: A property tax cap, a self - imposed limit on annual spending increases, economic development spending and a tourism push that has paid out dividends of more people heading upstate.

As the trial gets underway, good - government reformers are urging Albany in a letter to take pre-emptive action on overhauling how the state's economic development money is spent.

ALBANY — State comptroller Tom DiNapoli criticized the state's decision to spend hundreds of millions of dollars on advertising to promote Governor Andrew Cuomo's signature economic development programs, including the fledgling Start - Up NY, in an audit released on Monday.

A fair number of folks I'm talking to in economic development circles aren't entirely sold on Andrew Cuomo's plan to spend $ 1 billion to jump start the Buffalo economy.

Officials at Empire State Development, the state's economic development arm, say Donnelly has not submitted required documentation on how the money will be spent and that he has failed to come up with sufficient private financing for the $ 40 milliDevelopment, the state's economic development arm, say Donnelly has not submitted required documentation on how the money will be spent and that he has failed to come up with sufficient private financing for the $ 40 millidevelopment arm, say Donnelly has not submitted required documentation on how the money will be spent and that he has failed to come up with sufficient private financing for the $ 40 million project.

Costello, running on the Democratic, Working Families and Independence Party, has served on the Town Board for 13 and a half years, eleven of which were spent as the Deputy Supervisor for the town; beforehand, he served on the town's Economic Development Board.

The low - key Assembly minority leader said Cuomo is too much of a politician and spends too much time on splashy photo ops and economic development ideas that he said haven't worked.

She said some of the money could come from cutting the estimated $ 8 billion spent each year on economic development programs.

In recent months, START - UP NY, a central part of Cuomo's massive economic development arsenal, has been vilified by some state legislators and conservative think tanks after it was reported the program created just 408 jobs across the state since 2014, leading the critics to question whether the $ 53 million spent on advertising and marketing was worth it.

I've been reporting on economic development in this town for more than a decade and the way Andrew Cuomo and Co. plan on spending the first installment of the $ 1 billion they've pledged to revitalize the Buffalo area economy is like nothing I've ever seen.

Lawmakers are also skeptical of Cuomo's promise to balance the budget — without big spending increases — while still funding many of the pricey proposals he laid out in his state of the state, which include upgrades to airports, big investments in economic development and increases in spending on education and workforce development.

There are also debates about spending on health care programs, economic development, education and taxes.

Albany spends $ 7 billion a year on economic development, but the non-partisan Citizens Budget Commission says that there is no evidence that money produces economic activity.

Included in that sum is Cuomo's proposal for $ 250 million in spending on clean water programs, $ 1.1 billion in state investments for the Regional Economic Development Council program, and another $ 500 million for a statewide broadband initiative.

The state budget did include more spending on economic development in the budget, including more money for Regional Economic Development Councils and another $ 500 million for projects in economic development in the budget, including more money for Regional Economic Development Councils and another $ 500 million for projects development in the budget, including more money for Regional Economic Development Councils and another $ 500 million for projects in Economic Development Councils and another $ 500 million for projects Development Councils and another $ 500 million for projects in Buffalo.

«A wise man once said, to get results in Albany, it's a three - legged stool and on these issues there were only two legs on the stool,» Assemblyman Robin Schimminger, a Kenmore Democrat, said of Cuomo blocking plans like a searchable database of spending projects by the state's economic development agency.

Lawmakers were skeptical of the claims the heavy spending on economic development had led to any significant job creation and wanted Zemsky to quantify what he termed the «perception» of making the state business friendly.

We have now spent over $ 4 billion on economic development projects,» she said.

This has certainly not been lost on the Department for International Development (DFID), which has escalated its work with UK business and plans to spend # 1.8 billion on economic development in the nextDevelopment (DFID), which has escalated its work with UK business and plans to spend # 1.8 billion on economic development in the nextdevelopment in the next two years.

After state Assembly lawmakers on Wednesday grilled his top economic development chief for more than two hours, Cuomo in Buffalo lashed out at lawmakers who are questioning the millions of dollars in spending.

At the same time, Cuomo said the state could potentially adjust how it spends economic development money based on the findings of Bart Schwartz, the former prosecutor hired to review contracting in the program, which is under scrutiny by the U.S. attorney's office.

Currently, the Citizens Budget Commission (CBC) prepares the most comprehensive view of state and local economic development efforts statewide; however, the usefulness of this presentation is limited because it is based mostly on available data published for past years.1 A UEDB should be part of the Executive and Enacted budgets and should include prospective information showing the costs of all economic development programs for the coming fiscal year.2 To capture the full scope of economic development costs, a UEDB should bring together tax expenditures and spending at state agencies and authorities, as well as the value of discounted power offered by the New York Power Authority.

State Senate Majority Leader John J. Flanagan (R - East Northport) said the state should dissolve Start - Up NY and put the $ 44.5 million that Gov. Andrew M. Cuomo proposes to spend on advertising the program and other economic development initiatives to better use.

The comptroller's office on Wednesday released an audit critical of the Cuomo administration's reporting of economic development spending in the state.

State economic development officials approved spending an additional $ 25 million on business and tourism commercials despite an independent audit that found they had achieved nothing.