Patty Ritchie's posts related to Finance

STATEMENT ON 2014-2015 EXECUTIVE BUDGET

The 2014-2015 State Budget address delivered today by Governor Cuomo puts New York State in a great position to build upon the work we have done in recent years to control spending, cut taxes and invest in initiatives that create new jobs and revitalize our economy. 

Working together, we have put a stop to the decades of late and unbalanced budgets by passing three consecutive early budgets.  I am hopeful that this year we can continue that trend. 

It was two years ago when Senate Republicans led the fight to pass a property tax cap that helped to rein in burdensome property taxes and reduced middle-class tax rates to their lowest levels in 60 years.  This year, I’m eager to provide continued tax relief to hardworking New Yorkers by making the property tax cap and middle-class tax cuts permanent. 

In addition, it’s also key that we work to continue to cut red tape and foster an environment that enables businesses to expand and create jobs. In order to do so, we should work to eliminate corporate taxes for manufacturers and do away with the onerous energy tax surcharge to promote business growth. 

Read more...