The Dirtiest Dozen: New York’s Worst Economic Development Deals

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The Dirtiest Dozen: New York’s Worst Economic Development Deals The Dirtiest Dozen: New York’s Worst Economic Development Deals New York State is one of the most prolific users of so-called “economic development” incentives in the country, spending some $10 billion annually at the state and local level on subsidies to select businesses.... pdf button

Partner Paper: Billionaires Have Fueled Andrew Cuomo’s Political Career

Download PDFDownload Billionaires Have Fueled Andrew Cuomo’s Political Career 49 Billionaires worth a combined $280 billion have made more than $4 million in individual donations to New York Governor Andrew Cuomo. New York State Governor Andrew Cuomo is famous for his massive campaign war chest, funded by some of the state’s wealthiest residents and businesses....

Partner Report No. 6 with AFT: The Big Squeeze: How Money Managers’ Fees Crush State Budgets and Workers’ Retirement Hopes

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Introduction Over the last several decades, U.S. public pension funds have undergone a dramatic shift in investment strategy, with traditional stocks and bonds increasingly displaced by “alternative” investments, mainly hedge funds, private equity and co-mingled “real assets.”[1] The typical public pension fund now has nearly a quarter of its portfolio invested in alternatives[2]—structured as private, co-mingled funds that are generally less regulated,[3] more opaque, [4] volatile and, most significantly, charge much higher fees to investors.[5]... pdf button