How to spend $5 billion

New York State is in the process of collecting more than $5 billion in fines and penalties from financial institutions accused of violating state or federal laws.

What should the state do with this unprecedented windfall? That’s one of the biggest questions facing Governor Cuomo and the Legislature in early 2015.

The Empire Center has been out front with an answer: invest in infrastructure, especially highway and bridge reconstruction work, which has become too reliant on borrowed money and is in danger of becoming seriously underfunded...

Learn More

Spend-O-Meter

Viewing this on a mobile phone? The spend-o-meter is best viewed in landscape mode

NYTorch Blog

View All

Cuomo blocks pension changes

A bill expanding the share of New York public pension funds that can be invested in "alternative" assets has been vetoed by Governor Cuomo.

vegetable_basket

If not fracking, what?

Governor Cuomo's decision to ban high-volume hydraulic fracturing is a huge blow to the fragile and declining economy of the Southern Tier.

gas

NY tax burden near top, again

New York continued to impose one of nation's highest state and local tax burdens relative to income during fiscal 2012.

Lifting the Tax Burden