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

NY leads in unionization

New York State had the nation's most unionized workforce in 2014, thanks largely to its very heavily unionized public sector.

AFL label

Bankrolling Buffalo’s botox

A look at spending in the state's second largest city illustrates how the battle over the Gap Elimination Adjustment is not necessarily all about the kids.

needle

Despite probe, Cuomo ups VC funding

Governor Cuomo calls for putting another $100 million of state money into startup firms, even as the feds audit his original venture capital program.

cuomo-canrock