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Subsidy Sheet: When we subsidize corporations, what do we lose? - Reinvent Albany

Summary by reinventalbany.org
Last week, we detailed the $4.4 billion in new tax credits that NYS is likely to approve as part of the budget in the next couple of weeks. In today’s edition, we’ll explore just what those handouts are costing. When we give Disney millions of dollars for The Lion King on Broadway, what do we lose?An important note: The new reimbursable tax credits appear as authorizations in the state budget, not as appropriations or expenditures. This means th…
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Subsidy Sheet: When we subsidize corporations, what do we lose? - Reinvent Albany

Last week, we detailed the $4.4 billion in new tax credits that NYS is likely to approve as part of the budget in the next couple of weeks. In today’s edition, we’ll explore just what those handouts are costing. When we give Disney millions of dollars for The Lion King on Broadway, what do we lose?An important note: The new reimbursable tax credits appear as authorizations in the state budget, not as appropriations or expenditures. This means th…

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reinventalbany.org broke the news in on Friday, March 21, 2025.
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