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June 7, 2007.
Statewide
Coalition Joins Assemblyman Brodsky to Call for an Immediate Moratorium on the
Empire Zone Program.
At a press conference focused on reforms of
the Empire Zone program, FPI executive director Frank Mauro spoke about the
differential tax treatment that is fostered by the program as currently
structured.
February 28, 2007. 2007-08 Executive
Budget Tackles Corporate Tax Loopholes. Short summaries of the
corporate tax reform measures recommended by Governor Eliot Spitzer as part of
his first Executive Budget.
August 3, 2006. Testimony presented by James A. Parrott,
FPI's Deputy Director and Chief Economist, to the New York City Industrial
Development Agency on its proposal to provide special additional tax breaks to
all commercial construction projects in the Hudson Yards area of Manhattan. (PDF)
April 21, 2006. COMIDA Isn't Spanish for
Free Lunch (PDF). Report issued by Rochester's Metro Justice and the
Initiative for Development Accountability examining performance of the IDA
system in Monroe County using data submitted by the County of Monroe Industrial
Development Agency (COMIDA) for the years 2002, 2003, 2004.
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June 15, 2005.
Industrial Development Agencies Law Due to Sunset on June 30, 2005.
Groups Call Upon Legislature and Governor to Make Real Changes That Will
Make The Program More Accountable, Transparent and Less Corrupt.
April 1, 2005.
Companies certified
prior to June 2004 sunset of little known and badly misused tax break
are back in the money Click here for the press release.
Good Jobs New York press release with links to report on Zone Equivalent
Area (ZEA) program and list of recipients including Giuliani Partners,
Ernst & Young, Fox News and News America. (HTML)
June 26, 2003.
Ideas for Ending (or, At
Least, De-escalating) the Economic War Among the States. Paper
presented by FPI Executive Director Frank Mauro at symposium on the
Economic War Among the States co-sponsored by FPI and Good Jobs First at
Georgetown Law Center, (PDF)
January 8, 2001.
New York Stock Exchange Subsidy Deal: Testimony at the Urban Development
Corporation's public hearing on its proposal to take several buildings
by eminent domain to assemble a site for the construction of a new
trading facility for the New York Stock Exchange.
Testimony by James Parrott and
testimony by Alice Meaker of Good Jobs New York.
Good Jobs New York is a joint
project of the Fiscal Policy Institute and
Good Jobs First.
August 2, 2000.
De-escalating the "Economic
War Among the States" and Reforming the Development Subsidy Game.
Presentation by Frank J. Mauro, Executive Director, Fiscal Policy
Institute at the Syracuse University Continuing Education Program's
Summer Lecture Series on "The Role of Financial Incentives in State and
Local Economic Development."
June 15, 2000.
Hold Adelphia
responsible if promises don't pan out.
A call for accountability requirements in the large subsidy
package provided by state and local governments to Adelphia
Communications (a cable television company) to build an
entertainment/office complex on the waterfront in downtown Buffalo.
By Rod Watson, Buffalo News.
March 6, 2000.
McCall, agency spar over
accountability.
An article in
the Capital District Business Review on the reaction of the
Empire State Development Corporation to State Comptroller H. Carl
McCall's report recommending that the ESDC improve its systems for
reporting on the job creation/records of the firms that it subsidizes
and for holding those firms accountable for delivering on their job
creation/retention promises.
January 7, 2000.
Empire State Development: Performance of
Job Development Programs (Report 98-S-7).
This audit by the Office of the State Comptroller concluded that the
ESDC does a poor job of tracking employment at companies that receive
state subsidies, and that many companies have fallen short of the
promises for creating or retaining jobs on which their subsidies were
based.
March 10, 1999.
H.R.1060: The Distorting Subsidies Limitation Act.
This legislation which was introduced in the U. S. House of
Representatives by Congressman David Minge is based on a plan developed
by officials of the Federal Reserve Bank of Minnesota. The legislation
is intended to reduce the pressure that states and cities currently face
to participate in the "Economic War Among the States" by having the
federal government tax away the benefits that corporations receive in
the form of state and local government subsidies.
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