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The New York State Urban Development Corporation (UDC) was created in 1968 by the New York State Urban Development Corporation Act. [1] [7] On August 31, 1987, the Omnibus Economic Development Act created the state Department of Economic Development (DED). [7]
An Empire report disclosed that over 3,800 former state employees were paid annual pensions of more than $100,000 in 2016-2017, up 18% from the previous year. [9] A 2016 Empire report highlighted excessive spending in education, such as 32 New York City educators who receive more than $200,000 a year in pay, including one employee who received ...
The Empire Service is an inter-city rail service operated by Amtrak within the state of New York in the United States. The brand name originated with the New York Central Railroad in 1967.
Headquartered at 55 Water Street in Lower Manhattan, New York City, [1] it is a multi-billion-dollar organization with over 3 million members. [2] EmblemHealth was created in 2006 through the merger of Group Health Incorporated (GHI) and the Health Insurance Plan of Greater New York (HIP). GHI and HIP had been operating as separate companies in ...
The Empire State Express was one of the named passenger trains and onetime flagship of the New York Central & Hudson River Railroad (a predecessor of the later New York Central Railroad). On September 14, 1891, it covered the 436 miles (702 kilometers) between New York City and Buffalo in 7 hours and 6 minutes (including stops), averaging 61.4 ...
The New York State Constitution, Art.X, sec. 5, provides that public benefit corporations may only be created by special act of the legislature. In City of Rye v. MTA, 24 N.Y.2d 627 (1969), the court of appeals explained that "The debates of the 1938 Convention indicate that the proliferation of public authorities after 1927 was the reason for the enactment of section 5 of article X....
The New York State Common Retirement fund is a public pension plan for the employees of New York State government. As of 2018 [update] , it was the third largest public pension plan in the nation, and held $207.4 billion in assets.
In 2009, Empire State Development (ESD) reported 82 Empire Zones statewide where over 9,800 certified businesses employed over 380,000 people. However, the cost of the program also escalated from $30 million in 2000 to $582 million in 2008.