Tag: Debt

Gov. Cuomo’s payment of $16 million to keep CBS’s “The Late Show” in New York, when there was zero real threat of it leaving, is the kind of boondoggle Stephen Colbert might mock in his monologue — if he weren’t the one cashing the check. But that gratuitous giveaway of tax dollars, announced last year, turns out to have been the tip of a very big and ugly iceberg. Read More

New York State’s $1 billion capital project slush fund is dispensing borrowed money across the state outside public scrutiny, but two local governments have inadvertently given New Yorkers a glimpse of its inner workings. Read More

Who could be against “smart schools”? The unsurprising answer: not nearly enough New Yorkers to defeat Proposal 3 on yesterday’s statewide ballot, which authorizes $2 billion in state borrowing to finance local school district purchases of computers and other classroom technology; expand schools’ high-speed and wireless Internet capacity; install “high-tech security features”; and build new classrooms for pre-kindergarten programs. Read More

E.J. McMahon, president of the fiscally conservative Empire Center for Public Policy and a Manhattan Institute senior fellow, and others also rightly question whether long-term bonds are appropriate for such upgrades, considering the rapid change of technology. Moreover, while the money would allow for districts to construct and/or make additions to pre-K facilities, it doesn't, of course, provide the ongoing operating costs to staff such noble initiatives. Read More

Subscribe

Sign up to receive updates about Empire Center research, news and events in your email.

CONTACT INFORMATION

Empire Center for Public Policy
30 South Pearl St.
Suite 1210
Albany, NY 12207

Phone: 518-434-3100

General Inquiries: Info@EmpireCenter.org

Press Inquiries: Press@EmpireCenter.org

About

The Empire Center is an independent, non-partisan, non-profit think tank located in Albany, New York. Our mission is to make New York a better place to live and work by promoting public policy reforms grounded in free-market principles, personal responsibility, and the ideals of effective and accountable government.

Empire Center Logo Enjoying our work? Sign up for email alerts on our latest news and research.
Together, we can make New York a better place to live and work!