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New York State · New YorkSince Congress passed and Trump signed legislation that will have New York subsidizing out-of-state luxury condos forever, the press has given much attention to sweeteners for Opportunity Zones in rural areas, including extensive tracts in rural New York State (see map below for NY’s OZs). But as Bloomberg writes this week, those might not actually do much. Under the new law, if investors invest previous capital gains into rural OZs for five ye…Read Article
Subsidy Sheet: Expanded Trump OZ Tax Breaks for Investors Unlikely to Help Rural New Yorkers - Reinvent Albany
Campaign Finance · New YorkToday, following the New York City Campaign Finance Board’s (CFB) determination regarding disbursement of matching funds to the 2025 Mayoral campaign, Common Cause New York Executive Director Susan Lerner and Reinvent Albany Executive Director John Kaehny issued the following statement commending the Board for protecting the integrity of the matching funds program:
“Common Cause/NY and Reinvent Albany commend the Campaign Finance Board for stan…Read Article
Watchdogs Commend NYC Campaign Finance Board For Upholding High Standard For Public Matching Funds - Reinvent Albany
Syracuse, New York · SyracuseMicron Technology’s deal with New York State to build a massive computer chip plant near Syracuse can be a bit confusing, not least because the company only has a “non-binding term sheet” that doesn’t actually commit it to spend $100 billion in the town of Clay as it suggested it would in order to land state and federal subsidies. And more questions continue to be raised about exactly what the impacts of the plant, if it ever gets built, would b…Read Article
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