Disclosures to Reveal Values of Holdings, Income and Debt for the First Time
In a press release issued this week, the Joint Commission on Public Ethics announced that “financial disclosure forms to be filed this week by State officials will for the first time publicly reveal amounts of outside income, values of investments and outstanding debts. The new disclosures, pursuant to the Public Integrity Reform Act of 2011, will also reveal certain clients of public officials.”
That information comes during the spate of recent scandals which appear to have no end.
“Disclosure is a critical component to promoting trust in government and under recent reforms the new public disclosures will pull the curtain back on many of our State officials’ outside financial interests,” said Joint Commission Chair Daniel J. Horwitz.
With limited exceptions, those required to file publicly-available financial disclosure statements include State officers and employees in policy-making positions or who make an annual salary of more than $88,256, members of the Legislature, legislative employees, political party chairman in counties with a population of more than 300,000, and candidates for statewide office or a seat in the Legislature.
Click here to read more.
As new names come to light as part of the federal corruption probe into New York’s legislature, Governor Cuomo announced that has been no significant progress on establishing tougher anti-corruption measures.
Newsday’s Westchester edition quotes Governor Cuomo as saying he won’t let session end ‘without something being done.’ The Governor also said that he may convene a special prosecutorial panel if lawmakers don’t take action.
Although campaign finances have had nothing to do with the wiretapping scandal, many groups are calling for campaign finance reform as part of a deal. Our campaign finance reform expert Heather Jung has been analyzing the latest proposals. Keep up to date on our campaign finance reform page or contact her at firstname.lastname@example.org for more information.
A story by Times reporters Tom Kaplan and Mosi Secret includes new information about the federal probe of corruption in the New York State Legislature. Much of the evidence compiled by investigators appear to be the result of listening devices worn by lawmakers who themselves have been accused of accepting bribes.
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Casey Seiler, state editor and columnist for the Times Union, takes a look at the fallout from the Malcolm Smith scandal, specifically the unfortunate outcome for his staff.
Click here to read his story.
Pervais Shallwani, Michael Howard Saul and Sean Gardiner, reporters for The Wall Street Journal, worked together to get to the bottom of the bribery scandal that ensnared Malcolm Smith, City Council Member Dan Halloran and four others in New York city. It’s a good read.
Click here to read more. [subscription-based]
City & State’s Morgan Pehme wrote an interesting take on the Malcolm Smith arrest. He calls for zero tolerance against political corruption.
Click here to read his column.
At 4:32 this morning, the Senate finished its work on the state budget. In a statement released shortly after, Senate Republican leader Dean Skelos said, ““This is a business-friendly and family-friendly budget because it emphasizes the Senate Republican’s priorities to help businesses create new jobs and provide tax relief to struggling middle-class families.”
Jimmy Vielkind of the Times Union filed this story 11:13 last night. Good detail, including mention of the Fiscal Policy Institute report released yesterday which argued that the proposed tax-credit (to offset the cost of an increase in the minimum wage) would lead businesses to “fire older workers and employ the young to reap the tax benefits.”
Capital Tonight’s Nick Reisman provides an update on yesterday’s budget agreement – outlining how leaders emerged from a meeting this morning saying a conceptual agreement remains, but specifics are still being worked out.
Read more on the Capital Tonight blog.
Times Union reporter Jimmy Vielkind updates us on the latest from Albany on the Capitol Confidential Blog. Leaders emerged from a meeting saying that there is still no final agreement on the state budget meaning, once everything is done, it may not be finalized until Saturday.
Read the full story here.