AG Eric Schneiderman: NY has a robust nonprofit sector, but up to 30% of operating budgets are spent on conforming to state regulations.
"Think of a multibillion-dollar industry hamstrung by absurd, expensive, outdated rules, yet one that New York state relies on to address some of its most pressing needs. It's not financial services or health care. It's New York's vast network of nonprofit organizations, and reform is long overdue." -- Eric Schneiderman, Crain's New York