May 19, 2017
What You Need to Know
Fresh of his RNC trip to San Diego, Chairman Cox hit the hustings this week in Miami at the Republican Governor's Association Annual Meeting.
We are already working toward the 2018 Governor's race and this week brought us no shortage of reasons why it's time for Andrew Cuomo to go.
It was more bad news for Cuomo's ill-fated economic development programs, including another blow to his corrupted Buffalo boondoggle.
SolarCity should be renamed to "Slow-larCity." The $900 million factory was already supposed to be in full production, but has been delayed by its deteriorating finances and steep losses. Elon Musk this week sought to downplay expectations, telling the Buffalo News it will ramp up "very slowly" and won't be an overnight success.
The Governor's disastrous economic development programs also earned him a drubbing from one of his fellow top Democrats, Comptroller Tom DiNapoli, who issued a scathing audit on his failure to meet statutorily-mandated reporting requirements.
The Governor has spent billions of taxpayer dollars with no results and has tried to block all attempts at transparency and oversight. We know Cuomo thinks he is the government, but it's time he's held accountable.
The economy isn't the only thing in dire straights in New York. Our public transportation system is in crisis too.
A series of chaotic subway and commuter rail problems that led to severe service interruptions and nightmare commutes for straphangers has left Cuomo under fire and scrambling to deny responsibility.
It shouldn't be forgotten that his executive budget this year cut $65 million in aid to the MTA that he (shockingly!) attempted to shield from the public in a hidden line item.
Also out this week was a new report showing the first phase of the MTA's Second Avenue Subway, which was riddled with delays and took more than 10 years to complete, is the most expensive subway extension "on the planet," at a cost of $807 million per track mile. To add insult to injury, after being open less than six months, the 83rd Street entrance has been closed indefinitely due to faulty sprinklers that activated and ruined the escalators.
Who could forget the Governor's headline-generating extravaganza where he took credit for it's long-awaited opening holding a series of photo-ops, tours and an inaugural New Year's Eve ride?
Cuomo's new motto should be "the buck stops somewhere else."
He's notorious for claiming credit when things are good and blaming everyone else when things go wrong.
Last, but not least, it was more bad news for Obamacare. New Yorkers are expected to face another round of double-digit hikes for 2018 and EmblemHealth, one of the state's largest insurers, just reported a $3 million loss.
These are just some of the week's top stories. Don't forget to save the date for our 2017 annual gala on June 20th in New York City. Florida Governor Rick Scott will be our keynote speaker. Cuomo should take some lessons from Governor Scott on how to fix a state. More details will be announced soon.
Have a great weekend!