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...
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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.
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.