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

April 20, 2026 NY Taxpayers Spend $77M for One JP Morgan Data Center Job; By Far Largest Subsidy Per Job in History Read more March 28, 2026 Five Reasons NY Must End Its Tax Break for Trump Opportunity Zones Read more March 25, 2026 Legislators, Groups Urge End to NY Tax Breaks for Trump Opportunity Zones Read more March 10, 2026 Reinvent Albany Take on New York’s FY 2027 One-House Budgets Read more

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Sensible Public Investment

In the News

April 20, 2026 Monday’s Headlines: Corporate Subsidies Streetsblog NYC April 20, 2026 This Data Center Is Getting a $77 Million Tax Break to Create One Job New York Focus April 18, 2026 Inquiring Photographer: Thoughts on the “Tax the Rich” Campaign Norwood News April 17, 2026 Contours of NYC’s Pied-à-Terre Tax Begin to Take Shape The New York Daily News

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Sensible Public Investment

Reports and Fact Sheets

April 2026 NY Taxpayers Spend $77M for One JP Morgan Data Center Job Read more March 2026 Five Reasons NY Must End Its Tax Break for Trump Opportunity Zones Read more October 2025 Policy Crossroads: Reconsidering IDA Housing Tax Breaks in New York Read more September 2025 New York IDAs’ Reckless Assault on Public School Funding 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
	S4662 (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)	S4658-A (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
A7666 (Solages)	S5563 (Mayer)	Support	Passed Senate, In Assembly Committee	Authorizes County Comptrollers to audit IDAs and LDCs
A5090-A (Solages)	S4039-A (Skoufis)	Support	Passed Senate, In Assembly Committee	Prohibits public officials from collecting compensation from IDAs
A5557 (Jones)	S256 (Martinez)	Oppose	In Committee	Enables IDAs to provide housing tax breaks
A8676 (Lee)	S8063-A (Gounardes)	Oppose	Signed by Governor	Extends “REAP” tax credit and establishes new “RACE” tax credit
	S6261 (Comrie)	Support	In Committee	Requires clearer job reporting data in the Database of Economic Incentives
A409 (Solages)	S373 (Gianaris)	Support	Passed Senate, In Assembly Committee	Prohibits non-disclosure agreements in corporate subsidy and economic development agreements
A5258 (Solages)	S3159 (Skoufis)	Support	In Assembly Committee, In Senate Committee	Prohibits county IDAs from offering incentives in municipalities with their own IDA