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State economic development changes? Not from Albany

New York’s 2018 legislative session ended last week without the Assembly approving a pair of bills viewed as key measures for reforming New York state’s economic development policies.

The legislation passed in the Republican-led Senate but wasn’t brought up for a vote in the Democrat-controlled Assembly, despite having the backing of many Democrats.

Critics of Democratic Gov. Andrew Cuomo’s economic development programs say there’s not enough transparency for how up to $4 billion in taxpayer money is allocated each year.

They also question whether the recipients of various tax breaks, grants and other corporate subsidies are creating the number of jobs promised.

CNY Central:
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