NY A10612

Requires the state comptroller to complete return on investment (ROI) analyses for all state economic development programs including capital expenditures, financial assistance, tax credits, payments in lieu of taxes, and energy rebates provided to private entities, unless another statute already requires such analysis.

Mandates ROI analyses be completed no later than two years after project completion or five years after execution (whichever is first) for one-time projects, and by January 1st every five years for recurring programs.

Requires cities with populations of one million or more to complete ROI analyses of local tax credits, sales tax rebates, and energy charge rebates every five years.

Directs municipal agencies to conduct ROI analyses of existing urban development action area projects within five years of the law's effective date, with the state comptroller responsible for analyzing future projects.

Requires redevelopment plans to include ROI analyses and mandates the NYC comptroller prepare cost-benefit analyses of covered contracts within two years of completion or five years of execution, whichever comes first.