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Economist To Speak At Oswego City Hall About Finances, Possible Revenue Source

OSWEGO, NY – The SUNY Oswego Department of Economics is sponsoring a talk by economist Laurence J. Malone of Hartwick College, titled “A New Revenue Source for Small Cities in Upstate New York,” to be held at City Hall in the Council Chambers on December 8, at 5:30 p.m.

The talk, including questions, answers, and discussion will run to about 6:30 or 7 p.m.

It is open to the public.

“Dr. Malone’s paper will be of natural interest to anyone in city government or with an interest in city finances,” said department chair Ranjit Dighe. “It sheds light on an important aspect of Oswego’s fiscal condition. Whether you agree with its provocative conclusion, it should spark some interesting and constructive debate.”

The paper’s abstract says the paper “proposes a policy response to some fiscal challenges in small Upstate New York cities that have significant public and private college student populations. These populations require unfunded outlays to ensure public safety for college students, which add to municipal fiscal stress. We undertake an empirical analysis of some affected small cities, and propose a targeted fee to help balance city budgets negatively affected by the greater expenditures needed to ensure the safety of residents.”

The paper has already sparked some legislative activity, namely the “SUNY Impact Aid Bill,” proposed in October 2015 by State Sen. James L. Seward (R/C/I – Oneonta).

The bill, which incorporates Dr. Malone’s research, would provide state relief to cities and towns with SUNY campuses.

It is described here:

https://www.nysenate.gov/newsroom/press-releases/james-l-seward/seward-bill-would-mean-mandate-relief-suny-communities

The paper has also been published in the New York State Economic Review.

Dr. Malone has taught at Hartwick College since 1986 and has been a Full Professor since 2001.

He was honored three times as the Student Senate Professor of the Year.

He has served as Chair of the Faculty and as Vice President for Enrollment.

Since 2001 he has been a Carnegie Fellow for Teaching and Learning Economics through the Carnegie Foundation for the Advancement of Teaching.

He is a longtime member of the Economic and Business History Society, including terms as president of the organization and chair of the board of trustees.

He has authored or edited three books and numerous articles and has published in various outlets including the New York Times and the Journal of Economic History.

Dr. Malone currently lives in Oneonta, where he has been active in civic life.

Since 2011, he has been an alderman in the city of Oneonta. In 2010 and 2011 he served as commissioner of the city’s charter commission.

Previously he served on the board of directors of the Otsego County Chamber of Commerce and on the Supervisory Committee of the Sidney Federal Credit Union.

Dr. Malone earned his doctorate in economics from the New School for Social Research and his bachelor’s degree from SUNY Purchase.