New York rakes in $420 million from latest bank settlement Albany Times Union

"It's been a blown opportunity basically," McMahon said.

He also had concerns about $850 million the state put aside to settle a dispute with the federal government over Medicaid payouts, and suggested using more of the money for core infrastructure costs to hold down growing debt costs.

McMahon was particularly troubled by the use of settlement funds to cover annual operating costs, saying, "That's not something they should do under any circumstances. ... The question is whether they will do it again next year."

Hold the Applause for New York’s Amazon Deal City Journal

As E.J. McMahon of the Empire Center for Public Policy noted last week, the proposed Amazon subsidies will go a long way toward indemnifying the company for the costs of the featherbedding construction work rules sacred in New York but barely existent elsewhere, and which almost certainly will govern construction of the Queens half of HQ2.

Cuomo lures Amazon, draws criticism for $1.5B incentives Oneonta Daily Star

The research director of the Empire Center for Public Policy, E.J. McMahon, argued state lawmakers should give themselves a stronger voice in how the state decides to award such incentive packages.

"They should not be giving (the governor) the discretion to do things like this, but they long have," McMahon said. "This is a giveaway to one of the world's most successful companies."

Richard Brodsky: Cuomo and Molinaro are both intent on ignoring the truth Albany Times Union

The upstate economy continues to stagnate, with consequent financial and social problems. The downstate economy continues to boom, with different problems and its own warning signs. No surprise. This latest evidence of New York's economic reality comes from the Empire Center and its estimable grey eminence E.J. McMahon. It's a well-crafted analysis and consistent with dozens of other such reports.
1 2 284