State Senate President Malcolm Smith continues to stir up Albany's bubbling, troubling cauldron of corruption today—now he's being accused of steering a $150,000 grant to a well-connected, politically-active business group.

Smith allegedly helped the Council for Urban Professionals Institute (CUP), a Manhattan not-for-profit, receive the grant. CUP's members and sponsors include AT&T, AIG, BET, Black Rock, Goldman Sachs, Merrill Lynch and Verizon. Its 2008 tax return reported net assets of $646,851, according to the Post.

Lise Bang-Jensen, an analyst with government watchdog group the Manhattan Institute's Empire Center for New York State Policy, asked, "The members of this group are successful businesspeople. Why do they need to raise $150,000 from taxpayers when they could raise it among their members?"

Smith is already embroiled in several different scandals and accusations of corruption: he is being investigated for not disclosing nearly a half million in property sales, he was called out for extravagant pork-barrel spending, and he's been tied to a scandal scarred Katrina charity.