Ron Deutsch of the Fiscal Policy Institute, a fiscally progressive think tank, pointed to
some state economic development spending as a place to consider trimming.
Assembly Republican Leader Brian M. Kolb said New York
state economic development spending outpaces every other state by a large measure.
For at least the third year in a row, Cuomo successfully beat back attempts by the two houses to increase transparency of
state economic development spending.
Congratulations to the team at Investigative Post of Buffalo, Pro Publica, and Columbia Journalism School for publishing the best summation of New York
State economic development spending done to date.
Not exact matches
It compares average public
spending per child, by age and type of
spending, between the United
States, Denmark and the OECD countries combined (that's the Organization of
Economic Cooperation and
Development, which includes the advanced economies and some of the emerging ones).
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.
Even more fraught is the debate over procurement reform in the
state Legislature, where lawmakers had sought to restore power to the comptroller's office when it comes to oversight of
economic development spending.
At 12:30 p.m., Reclaim New York Initiative hosts a rally and press conference with residents and lawmakers to urge the removal of $ 1 billion in taxes and fees included in the governor's budget, and urge savings and oversight for
economic development spending, Million Dollar Staircase, 3rd Floor,
state Capitol, Albany.
The back - and - forth came after DiNapoli issued a pair of reports this week critical of
economic development spending and the agreed - upon
state budget, questioning the transparency commitment in the Cuomo administration.
Senate Majority Leader John Flanagan reiterated his desire to see a balance re-established when it comes to oversight of
economic development spending in the
state.
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.
As part of the
state budget, Long Island and New York City are getting an extra $ 550 million this year for
economic development spending, Capital New York reported.
Last month, after DiNapoli questioned the effectiveness of
state spending and tax breaks for
economic development, Cuomo said DiNapoli was «dead wrong» and «he should educate himself in the area.»
State spending for Start - Up NY, which Cuomo launched in January 2014, has been widely criticized — even by Republican presidential candidate Donald Trump — after an internal report found the economic development program designed to «supercharge» the state's economy, had generated only 400
State spending for Start - Up NY, which Cuomo launched in January 2014, has been widely criticized — even by Republican presidential candidate Donald Trump — after an internal report found the
economic development program designed to «supercharge» the
state's economy, had generated only 400
state's economy, had generated only 400 jobs.
Western New York is getting $ 62 million for approved projects in the latest round of
state spending from the regional
economic development councils.
The
state through Cuomo has poured millions into western New York
economic development and has
spent millions to keep the team at its current address in Orchard Park.
State Comptroller Thomas DiNapoli chided policies that award
economic development money without specifying how it gets
spent.
«
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, however, regularly notes the strength of
economic and job
development during his tenure while he has held
state spending to about 2 percent annually.
While we are a strong advocate for
spending constraint, we note with concern that while most major
spending categories are subject to limited
spending reductions, the Executive Budget proposes a significant contraction in the
state's
economic development resources.
The bill would re-empower the
state comptroller, Tom DiNapoli, to review
state economic development - related contracts when
spending is passed through a SUNY - related entity.
The proposal largely mirrors what Gov. Andrew Cuomo had initially proposed and continues to back in the closing days of the legislative session, as
state lawmakers have pushed legislation that would re-empower the
state comptroller's office to review
spending related to major
economic development projects.
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.
Overall, the contract is being
spent to promote five different
economic development programs, including Start - Up NY, which creates tax - free areas around college campuses, in an attempt to draw businesses to relocate or set up shop in the
state.
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 Mo
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 Mo
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.
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 million pro
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 milli
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 million pro
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 milli
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 million project.
Political and private sector leaders from around the
state are
spending three days at the Capitol, making their best case to win a share of $ 1.5 billion in
economic development monies for their region.
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.
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.
He cut taxes for millions of middle class families, delivered a property tax cap, controlled
state spending and promoted
economic development.»
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.
As investigations surrounding
economic development programs continue to swirl in New York, Republican
state lawmakers yesterday made a renewed push for oversight of
spending that's meant to create jobs.
The
state comptroller's office has released reports questioning the
economic development spending by the administration as well as the use of
state funds to promote the START - UP NY advertising campaign.
Gov. Andrew Cuomo
spent Sunday in Israel, a trip that sought to show solidarity amid a spate of anti-Semitic attacks in United
States as well as one to meet with business leaders to discuss
economic development efforts with New York.
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.
The facts, as confirmed by ongoing independent quantitative research, show our efforts have made great strides in improving perceptions of New York
State, creating greater awareness of our economic development programs, increasing the perception that New York is a good or excellent place to do business by 122 percent among executives from out of state, as well as attracting more tourists to spend their vacations
State, creating greater awareness of our
economic development programs, increasing the perception that New York is a good or excellent place to do business by 122 percent among executives from out of
state, as well as attracting more tourists to spend their vacations
state, as well as attracting more tourists to
spend their vacations here.
A sticking point in the budget talks is emerging between Gov. Andrew Cuomo and
state lawmakers over the control of hundreds of millions of dollars in
economic development spending that would benefit western New York as well as the regional
economic development councils.
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.
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.
The
state's
economic development authority is tripling the amount of money it's
spending to deal with a federal probe of the Cuomo administration's Buffalo Billion, documents show.
New
Economic Development Spending: Over the last seven years economic development spending has expanded greatly, with few documented results.1 New York State spent $ 4.0 billion in fiscal year 2016.2 The Executive Budget increases Empire State Development (ESD) capital spending by $ 338 million to $ 1.9 billion and non-ESD economic development capital spending $ 234 million to $ 633
Economic Development Spending: Over the last seven years economic development spending has expanded greatly, with few documented results.1 New York State spent $ 4.0 billion in fiscal year 2016.2 The Executive Budget increases Empire State Development (ESD) capital spending by $ 338 million to $ 1.9 billion and non-ESD economic development capital spending $ 234 million to $ 6
Development Spending: Over the last seven years economic development spending has expanded greatly, with few documented results.1 New York State spent $ 4.0 billion in fiscal year 2016.2 The Executive Budget increases Empire State Development (ESD) capital spending by $ 338 million to $ 1.9 billion and non-ESD economic development capital spending $ 234 million to $ 633
Spending: Over the last seven years
economic development spending has expanded greatly, with few documented results.1 New York State spent $ 4.0 billion in fiscal year 2016.2 The Executive Budget increases Empire State Development (ESD) capital spending by $ 338 million to $ 1.9 billion and non-ESD economic development capital spending $ 234 million to $ 633
economic development spending has expanded greatly, with few documented results.1 New York State spent $ 4.0 billion in fiscal year 2016.2 The Executive Budget increases Empire State Development (ESD) capital spending by $ 338 million to $ 1.9 billion and non-ESD economic development capital spending $ 234 million to $ 6
development spending has expanded greatly, with few documented results.1 New York State spent $ 4.0 billion in fiscal year 2016.2 The Executive Budget increases Empire State Development (ESD) capital spending by $ 338 million to $ 1.9 billion and non-ESD economic development capital spending $ 234 million to $ 633
spending has expanded greatly, with few documented results.1 New York
State spent $ 4.0 billion in fiscal year 2016.2 The Executive Budget increases Empire
State Development (ESD) capital spending by $ 338 million to $ 1.9 billion and non-ESD economic development capital spending $ 234 million to $ 6
Development (ESD) capital
spending by $ 338 million to $ 1.9 billion and non-ESD economic development capital spending $ 234 million to $ 633
spending by $ 338 million to $ 1.9 billion and non-ESD
economic development capital spending $ 234 million to $ 633
economic development capital spending $ 234 million to $ 6
development capital
spending $ 234 million to $ 633
spending $ 234 million to $ 633 million.
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
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
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.
Economic development spending has come under renewed scrutiny after the governor's former top aide was arrested last year and charged in a sweeping bid - rigging case that included prominent upstate developers who have received contracts under the
state's job
spending efforts.