While the Senate’s Finance Committee will review the entire Executive Budget over the next few weeks, I am encouraged by the plan Governor Cuomo has submitted today. It restrains spending, eliminates a manageable deficit without new taxes or fees, and invests in job-creation initiatives. This budget is a blueprint for building on the progress we’ve made over the last two years in getting New York back on track.
We should take this opportunity to look at reducing taxes to put more money back into the pockets of hardworking families, allowing the 18-a energy assessment to expire as scheduled, and renewing our commitment to businessmen and women looking to start or grow a business in New York.
Our Workers’ Compensation rates are among the highest in the country. We will review the Governor’s proposal, but we must reduce the cost of Workers’ Compensation to address one part of the high cost of doing business in New York.
We can deliver mandate relief to local governments and school districts so they can better control their own costs and protect taxpayers. And, we can eliminate wasteful or unnecessary spending so we can continue to invest in education, health care services and other shared priorities.
Over the last two years, we’ve stopped the bleeding when it comes to New York’s budget situation. But that’s not enough. It’s time to take the necessary steps to improve the state’s fiscal health for the future, so generations of New Yorkers can settle, live and raise their families here.