State Senator Carl L. Marcellino (R, Syosset) today announced his outrage and dismay with the final 2009-2010 New York State budget; a budget that will increase overall spending by nearly 10 percent, almost 7 times the projected rate of inflation.
A budget process marred by secrecy and backdoor deals has produced a fiscal plan that is both irresponsible and unsustainable. Instead of cutting spending and eliminating waste, we are looking at taxes and fee increases of over $8 billion.
New York State Senate Republicans today offered a comprehensive budget savings plan that spends less than the Executive Budget proposed, rejects $6.2 billion in taxes and fees proposed by Governor Paterson, implements a spending cap to restrain future spending growth and helps businesses create jobs to strengthen the State’s economy.
The plan leaves $1.2 billion currently in reserves untapped and fully funded, and increases the State’s overall fiscal reserves by nearly $1 billion so New York is on sounder fiscal footing.
Senator Carl L. Marcellino today reiterated his opposition to the MTA’s proposed payroll tax on all Long Island employers because it will impose a costly, multi-million dollar unfunded mandate on Long Island’s taxpayers.