Since the Buffalo Billion scandal in 2016, government watchdog groups have been trying to pass a selection of bills that would restore oversight, as well as create more transparency around state economic development deals.
We urge the Assembly to keep working with their Democratic colleagues in the Senate and pass common sense bills that:
A coalition of progressive organizations and good-government watchdogs is urging state lawmakers to consider more oversight for economic development programs as well as make changes so they are more accountable to taxpayers.
We applaud Senator Krueger and her colleagues on the Senate Finance Committee for holding a hearing to review the effectiveness of business subsidies and tax incentives to meet New York’s economic development goals. It is long past time that we take a hard look at the efficacy of these programs.
Ron Deutsch, of the nonprofit New Yorkers for Fiscal Fairness, called the tax changes “long overdue.” “This budget makes historic investments in public services and puts the needs of the many over the needs of the few,” he said. “While we know there is still more work to do, these tax reforms are a great start in addressing New York’s worst in the nation income inequality and will begin to reverse a decade of austerity spending in our state.”
“I hope that after countless economic development corruption scandals that state and local governments are starting to realize that subsidizing billionaires to build anything is a fools’ errand,” said Ron Deutsch, executive director of New Yorkers for Fiscal Fairness, a group that, according to its IRS filings, provides advocacy “for lower and working class New Yorkers.”
“Whether it’s a stadium or a solar panel factory, we shouldn’t be using taxpayer dollars to fund the development desires and dreams of billionaires. In this big league development game, one thing is for sure: the billionaires win and the public loses,” he added.
“So many people have been fighting, literally, for decades, for a fair tax system in New York,” Ron Deutsch, executive director of New Yorkers for Fiscal Fairness told Capital Tonight. “We are many steps closer to that than we have been in the past.”
Deutsch said the progressive community is especially excited that it secured additional increases in the top tax rates.
“We’re only talking about less than a 1% increase for people making between $1 million and $5 million a year,” Deutsch argued. “I don’t think that’s enough to make them want to pack up and leave.”
“The Federal aid coming into New York State will only do so much—it will help us for about the next two years but after that, the state will be addressing budget deficits on its own,” State AFL-CIO President Mario Cilento said during a March 29 Zoom press conference. “These ‘fair-share’ revenue-raisers would affect a tiny portion of individuals in our state while ensuring we don’t harm our health-care system and still help fund education, state services and our local governments into the future.”