Hugh Carey

Carey is best remembered for his successful handling of New York City's economic crisis in the late 1970s. As Governor he was responsible for building the Jacob K. Javits Convention Center; Battery Park City; the South Street Seaport and the economic development of the NYC boroughs outside Manhattan. He also helped provide state funding for the construction of the Carrier Dome at Syracuse University. He is also remembered for preventing conservative legislators from reinstating the death penalty and preventing such legislators from taking away state abortion laws.

Upon taking office, Carey cut taxes significantly, reduced corporate taxes from 14 percent to 10 percent, capped personal income tax at nine percent, and reduced capital gains taxes. His administration also offered tax credits to encourage new investment.

Carey came into office with New York City close to bankruptcy. He brought business and labor together to help save New York City from the fiscal crisis that befell it in the 1970s. Carey managed to keep the growth of state spending below the rate of inflation through his frequent use of line-item vetoes and fights with the New York State Legislature, which was at the time divided between a Republican-controlled Senate and a Democratic-controlled Assembly. Read Less