New York legislators will make it difficult for Gov. Andrew Cuomo to move forward with another round of the state’s regional economic development councils without reforms to how the panels currently operate.
The state Assembly’s one-house budget includes legislation requiring members of the regional councils to submit annual financial disclosures. The state Senate adopted a similar mandate as part of its one-house spending plan.
The state Senate’s proposed reforms would include requiring council representatives to disclose their earnings, stock holdings, business stakes and owned property. They would only have to list financial interests that are relevant to the work of the regional economic development council. They wouldn’t have to disclose the specific dollar amount of their financial interests.