Press Mention
6 Steps to End Taxpayer-Funded Corporate Welfare in New York
Gotham Gazette
February 27, 2021
New York State gives an estimated $4.4 billion a year to corporations to create jobs. Local governments give approximately $5.6 billion more, according to the Citizens Budget Commission. We do not know how much assistance each business gets, nor do we know how many jobs are created or retained. But we do know – as hundreds of studies have shown – that subsidizing corporations is fundamentally a waste of money that could be spent on core government services like transit or schools.