#new-york-policy

#new-york-policy

Two decades ago, the state created a fund with tens of millions of dollars that was supposed to be in a lockbox to crack down on insurance fraud - but instead was funneled simply to law enforcement agencies' general operating funds. As a result only a tiny portion was spent actually fighting fraud.

"Based on conversations with stakeholders, including the legislature, it was clear that the support was not there to advance this proposal," Sean Butler, a spokesperson for the governor, said in a statement.

New York City motorists with a documented pattern of excessive speeding would be required to install speed-limiting devices inside their cars under a proposed pilot that Gov. Hochul will include in her state budget - a move that takes passage of the long-sought initiative out of the legislative process where it has consistently been thwarted by pro-car lawmakers. If it's successful, the program could be expanded to municipalities across New York to keep recidivist reckless drivers at the speed limit.

This convening marked a crucial step in realizing one of the most important promises of cannabis legalization in New York-that the neighborhoods most damaged by prohibition would be the first to benefit from legalization's revenue streams. New York's adult-use cannabis market has already generated hundreds of millions in sales. By statute, 40% of the state's cannabis tax revenue flows into the Community Reinvestment Fund, which aims to channel resources into programs that directly uplift historically over-policed and underserved communities.