Monthly Archives: December 2018

Analysis: Just Over Half of NYS REDC Awards Are Actual State Grants Versus Potential Tax Abatements, Tax-Free Bond Borrowing

Yesterday, Lieutenant Governor Kathy Hochul announced $763.1m in State funding awarded through the 2018 Regional Economic Development Council process. Of this, $422m is direct state grants to localities, non-profits and businesses were announced. (About $21 per New Yorker.)  The State’s ten REDCs are essentially a publicity framework for the governor to award dozens of small […]

Reinvent Albany Backs Council Bill to Implement Campaign Finance Reforms on 2018 Ballot Immediately for Special Elections, Including Upcoming Race for Public Advocate

Reforms Will Enable Candidates to Raise More Funds from Small Donors Reinvent Albany supported legislation at a City Council hearing today putting into effect campaign finance reforms passed by voters in November for special elections, including the upcoming race for Public Advocate to fill the pending vacancy created by Tish James’ election to NYS Attorney […]

Reinvent Albany Backs Pay Committee’s Move to Limit Outside Income and Restrict Stipends

Reinvent Albany Backs Compensation Committee’s Move to Limit Outside Income and Curtail Stipends While Increasing Pay for State Electeds and Agency Heads Reinvent Albany supports the NYS Compensation Committee‘s decision to restrict outside income and limit stipends while giving elected officials and agency heads a substantial pay increase.  The Committee’s decision largely follows recommendations Reinvent Albany made […]

A Simple First Step to Help the MTA Re-Establish Credibility

Op-Ed originally published in Gotham Gazette The Metropolitan Transportation Authority (MTA) is teetering on financial collapse and still struggling to overcome a meltdown in subway service and collapse in bus ridership. No one doubts that the MTA has serious problems and riders are suffering. But before the State Legislature approves tens of billions of new […]

Reinvent Albany Calls for Major Oversight and Reforms to City-Affiliated Nonprofits

Reinvent Albany recommended comprehensive reforms to the countless city-affiliated nonprofits in testimony to the City Council today.   City-affiliated nonprofits, including the now defunct Campaign for One New York (CONY) and the Mayor’s Fund, have been criticized in recent years for receiving very large contributions from donors doing business with the city. Government-affiliated nonprofits have […]