CULTURE OF CORRUPTION: Cuomo’s ‘economic development’ billions buy another crop of failures.
Gov. Cuomo is scrounging for $836 million to fix the subways. Meanwhile, he’s handing out billions to businesses and getting little in return, as a devastating new report shows. Isn’t it time to stop throwing money away and put it where it’s needed?
Indeed, evidence that Cuomo’s alms for businesses is a huge waste is now overwhelming. The latest: Thursday’s report by the Rochester Democrat & Chronicle on just a few of his money-bleeding Upstate “economic development” schemes — those run by SUNY Polytechnic Institute.
Through those projects, Cuomo has shelled out billions in tax breaks or by footing the bill for new plants, only to see them fizzle.
You can’t call it a failure until you know what it was intended to accomplish.