REPORT: The Governor contends that localities have allowed Medicaid spending to spiral because the state enacted a cap in 2012 that spared them from having to share in the increasing costs. His Executive Budget proposes to counter this.
This report, the first produced under a 2017 City Council law that turns to IBO to issue periodic reports on New York City economic development tax expenditures, looks at the efficiency and effectiveness of two programs: Commercial Revitalization & Commercial Expansion.
With manufacturing jobs in New York City declining, the New York City Industrial Development Agency, under the Giuliani Administration, created the Industrial Program in 1995. This report looks at the evolution and effectiveness of the program.