Fact-Based Public Investment - Reinvent Albany

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Sensible Public Investment

New York taxpayers hand out $11 billion a year in wasteful and foolish corporate subsidies. Meanwhile, our water, roads, bridges, transit and electric systems are starved for investment.

Fact-Based Public Investment
New York’s runaway corporate welfare programs spend $10 billion a year despite mountains of evidence they are ineffective, wasteful and vulnerable to corruption.

To see our positions on bills that fall under this issue area, please see our chart of Reinvent Albany State Bill Memos.

Sensible Public Investment

From the Blog

August 15, 2025 Subsidy Sheet: Expanded Trump OZ Tax Breaks for Investors Unlikely to Help Rural New Yorkers Read more August 8, 2025 Subsidy Sheet: Concerns Grow Over Micron Plant’s Impact on Budget Read more August 1, 2025 Five Ways That Corporate and Economic Development Subsidies Fuel Racial Inequality Read more July 25, 2025 Subsidy Sheet: Hochul’s Energy Plan: Cheap Electricity for Big Business, Cuts in Efficiency Aid for Residents Read more

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Sensible Public Investment

In the News

July 25, 2025 The Ebb and Flow of Economic Development Handouts The Capitol Pressroom July 25, 2025 The Ebb and Flow of Economic Development Handouts WQXR July 15, 2025 Salary and Benefits: How Your Tax Dollars Help Lawmakers Make Ends Meet – and Drink Coffee Buffalo News June 20, 2025 NY Bill Ending Opportunity Zone Tax Credit Fails To Pass Finger Lakes

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Sensible Public Investment

Reports and Policy Briefs

May 2024 Upstate Law Firms Reap Undisclosed Millions from IDA Deals that Cost Public Billions Read more April 2024 IDAs Have Perverse Incentive to Give Away Tax Dollars Read more July 2023 “Open ESD” Report Recommends Major Reforms for Secretive State Authority Read more April 2023 New Report Shows Buying Influence Works Read more

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Sensible Public Investment

Memo Tracker

Assembly Bill	Senate Bill	RA Position	Status	Description (Links to Memo)
A551 (Pheffer Amato)	S3516 (Scarcella-Spanton)	Oppose	In Committee	Congestion pricing carve-out for NYPD officers
	S4622 (Skoufis)	Support	In Committee	Establishes basic transparency requirements for locations of productions using film/TV tax credit
A3246 (Dinowitz)	S3340 (Gianaris)	Support	In Committee	Ends NY’s tax break for Trump’s Opportunity Zone program
A4297 (Bronson)	S132 (Ryan)	Support	In Committee	Prevents IDAs from abating school district taxes
A3063 (Rosenthal)	S157 (Salazar)	Support	In Committee	Repeals certain use tax exemptions for racehorses
A3675-A (Simon)	S3606-A (Krueger)	Support	In Committee	Stop Climate Polluter Handouts Act
A4196 (Solages)	S4196 (Ryan)	Support	In Committee	Prohibits subsidies for e-commerce warehouse facilities
A3085 (Carroll R)	S3856 (Hoylman-Sigal)	Support	In Committee	Ends private jet tax break
A3057 (Carroll R)	S3874 (Hoylman-Sigal)	Support	In Committee	Ends luxury yacht tax break
	S5563 (Mayer)	Support	In Committee	Authorizes County Comptrollers to audit IDAs and LDCs
A5090 (Solages)	S4039 (Skoufis)	Support	In Committee	Prohibits public officials from collecting compensation from IDAs
A5557 (Jones)	S256 (Martinez)	Oppose	In Committee	Enables IDAs to provide housing tax breaks