Press Mention

Subsidy Sheet: Gov. Cuomo’s 2012 Tax Reform Commission was ignored. It had great advice.

Reinvent Albany

March 30, 2021



None of the recommendations were adopted. The number of subsidies have changed too much to do a quick calculation, but in 2018 Citizens Budget Commission estimated that state tax breaks had ballooned to a cost of at least $2.54 billion per year (this does not include spending on the state’s other economic development programs, which totaled $1.8 billion).

Policymakers can disagree on whether or not the main argument of Solomon and Rubin’s letter holds up. But for their tax subsidy recommendations, there is no debate.

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