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New York state Assemblymember Claire Valdez speaks at an Albany rally held by advocates in support of a long-promised carbon pricing program that Governer Kathy Hochul delayed earlier this year. June 4, 2025. NY Renews
State officials said they needed more time for “stakeholder engagement” on cap and invest. But groups involved with the program have gotten crickets.
By Colin Kinniburgh

When Governor Kathy Hochul abruptly hit the brakes in January on a sweeping program to price pollution, she said the state needed more time to “get it right.”

Holding off on the cap and invest program would allow “more space and time for public transparency,” her 2025 agenda briefing book promised.

Later that month, the then–head of the state’s Department of Environmental Conservation told lawmakers that the agency would “continue the robust stakeholder engagement we have had over the past few months” on New York’s plan to ratchet down pollution while raising billions for the transition to clean energy.

Four months on, there’s little sign that Hochul’s administration has continued those efforts.

Recent Stories

Over less than three years, NYC Councilmember Rafael Salamanca raised $244,000 into an obscure campaign committee, then spent those funds on restaurant bills, bar tabs, liquor store purchases, and his wife’s salary for her role as his campaign treasurer. Photos: Samuel Ioannidis, NYC Council / Flickr; Illustration by NY Focus
An expert calls the six-figure haul “extraordinary” for an unpaid party seat whose powers are picking judges, poll workers, and party officers.
By Chris Bragg

As chair of the New York City Council’s Land Use Committee, Rafael Salamanca has the power to determine whether development projects live or die — and it’s made him a magnet for campaign donations from the real estate industry.

Salamanca, who is now running for Bronx borough president, has long maintained a campaign committee for his city races — one that is bound by strict contribution limits for individuals doing business with the city, including developers.

But that’s not his only fundraising vehicle. A New York Focus investigation has found that Salamanca opened a second campaign committee in recent years — one which funds his campaigns for an unpaid position in the Bronx Democratic Party — that is subject to much looser rules.

Developers have donated the maximum allowed to his city campaign, then made much larger donations to the second committee — sometimes on the same day.

Over less than three years, Salamanca raised $244,000 through the second account, even though he’s never faced a challenge at the ballot box for the comparatively lowly post of district leader.

"That's an extraordinarily high amount to have in a district leader campaign chest,” said Sarah Steiner, an attorney and former chair of the election law committee for the New York City Bar Association. “It's an unpaid position.”

Salamanca then spent hundreds of thousands of dollars from the account to pay for restaurant bills, bar tabs, liquor store purchases, his wife’s salary for her role as his campaign treasurer, and other expenses.

Senator Liz Krueger (left) and Assemblymember Jessica González-Rojas (right) sponsor legislation that could impact $800 billion in debt from developing countries. Illustration: New York Focus
Half of sovereign bonds are issued under New York state law, giving Albany lawmakers the power to shape how countries around the world face off with creditors.
By Julia Rock and Colin Kinniburgh

About half of sovereign bonds — tens of trillions of dollars’ worth of debt held by countries around the world — are issued under New York state law. Countries issue the bonds to raise money for infrastructure or other public expenses, promising to repay the buyers later with added interest. In recent decades, some hedge funds have adopted strategies of buying distressed sovereign debt and then aggressively suing for repayment when countries default, often in New York courts.

Now, Albany is weighing a bill backed by New York Communities for Change and other progressive groups that seeks to rein in those investors — sometimes called “vulture funds” — by reviving an old defense against the lawsuits. It would also lower the interest rate on defaulted debt, lessening the incentive to drag out litigation. Bloomberg estimates that the legislation would impact about $800 billion in debt from developing countries.

State Senator Brad Hoylman-Sigal and Assemblymember Alex Bores (pictured) are the two main sponsors of the Uncap Justice Act. Video still: Office of Assemblymember Alex Bores | Illustration: New York Focus
As courts buckle under hundreds of thousands of unresolved cases, a quiet fight is erupting in Albany over how — and where — to add more judges.
By Chris Bragg

New York’s justice system has a major problem with backlogs. People languish at Rikers Island and other jails, waiting for their trials. Civil cases drag on for years.

In the final days of the Albany legislative session, a proposed fix — a constitutional amendment to create an uncapped number of new state Supreme Court justice seats — is nearing the finish line, and it has broad and powerful support.

Yet it's facing fierce opposition from a surprising source — state Supreme Court justices, who routinely witness the consequences borne by the backlogs.

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Copyright © New York Focus 2024, All rights reserved.
Staying Focused is compiled and written by Alex Arriaga
Contact Alex at alex@nysfocus.com

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