Fast Facts
  • $5.6b

    What New York State currently pays annually in debt service.

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Better Benefits from Our Billion Bucks

Featured Video

It's Time to End Empire Zones

Dec 02, 2008

The Economic Development Zone program has become a vehicle for giving tax breaks to a variety of corporations with no clear, consistent, verifiable justification for the public investment.

N.Y. Needs to Create Jobs

Jun 03, 2010

Deputy Research Director Elizabeth Lynam penned an op-ed in the Albany Times Union that advocates for the overhaul of the State's economic development programs in order to capture true job creation with scarce resources.

Letter to the State Legislature Urging Them to Let the Empire Zones Program Sunset

Apr 12, 2010

This letter was written to urge the State legislature to allow the seriously flawed Empire Zones program to sunset as of June 30, 2010, as established by law, and to enact the Excelsior program as proposed by the Governor.

End the Empire Zones Program and Adopt Excelsior

Mar 25, 2010

Last year, New York State began to phase out the roundly criticized program called Empire Zones. The program doles out a panoply of tax incentives to approximately 10,000 firms, either located in an "Empire Zone" or deemed "regionally significant" in return for a commitment to create or retain jobs and to invest capital in the firm's infrastructure.

Testimony Delivered to the Economic Development Committee of the New York City Council

Nov 24, 2009

Testimony before the City Council's Economic Development Committee on why the state's economic development program Empire Zones should be eliminated.

Letter to the Legislature on “10 Do’s And Don’t’s” for Spending the Federal Stimulus Funds

Feb 25, 2009

The federal government has committed an enormous sum—$787 billion over 27 months—to aid the economy. This letter from CBC President Carol Kellermann to the Legislature warns that the federal aid to New York is limited and temporary and addresses the challenge of using the federal money available for next year’s budget wisely, suggests 10 “do’s and don’ts” for using the federal funds and closing the budget gap while avoiding harmful cuts and tax increases, and highlights possible allocation of the funds.

CBC Urges New York State Legislature to Follow it's “10 Do’s And Don’t’s” for Spending the Federal Stimulus Funds

Feb 25, 2009

CBC released a letter that was sent to the New York State Legislature containing “10 Do’s and Don’ts” for spending the estimated $4.8 billion in federal stimulus funds allocated to New York State for use in budget relief in fiscal year 2009-10. The letter briefly outlines the 10 rules and cautions that the funds need to be wisely spent over the next two years.

Union, MDA agree: Empire Zones Broken

Feb 13, 2009

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Michelle Breidenbach

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