From LittleSis <[email protected]>
Subject New Report: The Billionaires Buying New York's Budget
Date March 24, 2023 2:55 PM
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Crooked Kathy’s Dirty Donors
The Billionaires Buying New York's Budget

Our report “CROOKED KATHY’S DIRTY DONORS” [2], published in
partnership with _Center for Popular Democracy_, _Hedge Clippers_, and _New
York Communities for Change_, analyzes millions of dollars in campaign
donations to New York Governor Kathy Hochul from billionaires, wealthy
charter school backers, real estate developers, and Wall Street and the
financial industry. In her first budget after winning re-election, Hochul
has prioritized the interests of these wealthy donors in her budget,
including low taxes for billionaires, a massive expansion of charter
schools, continued corporate subsidies for real estate and Wall Street, and
a failure to fund public goods and public services needed to address the
affordability crisis faced by most regular New Yorkers.

In our analysis of thousands of donations to Hochul since she became
governor, we found Hochul has received at least:

* $2,504,913 FROM 51 BILLIONAIRES AND THEIR SPOUSES;
* $929,636 FROM 25 CHARTER SCHOOL BACKERS;
* $9,113,627 FROM 394 REAL ESTATE INDUSTRY DONORS; AND
* $3,952,588 FROM 125 FINANCIAL INDUSTRY DONORS.

These millions of dollars in donations give some indication of how
Hochul’s “billionaires’ budget” proposal came to be despite the
overwhelming popularity of taxing billionaires and wealthy corporations,
raising New York’s minimum wage and indexing it to inflation,
strengthening local public schools rather than expanding privately operated
charter schools, and investing in public goods and services like affordable
housing, health care, child care, higher education, public transit, and
lower-cost renewable energy.

For more on the wealthy donors – including Trump-backing billionaires,
cable TV and pro sports tycoons, real estate moguls, and Wall Street hedge
fund executives – whose millions of dollars in influence spending have
helped Governor Hochul bust campaign fundraising records read “CROOKED
KATHY’S DIRTY DONORS” [2] and keep following LittleSis as we continue
to report on corporate influence on government in New York and around the
US.

Onward,

LittleSis

[3]

LittleSis

266 Elmwood Ave #191
Buffalo, NY 14222


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