For all the recent talk that “New York is open for business” and how the last two legislative sessions have been “transformative” for New York’s economic future…some cold water.
The new CNBC survey on the top states for business shows that New York has moved from 26th overall to 34th. That’s right….the wrong direction. Consider some of these statistics:
- 50th in Business Friendliness
- 47th in Cost of Living
- 47th in Cost of Doing Business
Now New York did score 1st overall in education and innovation/technology, but the fact remains the same. The work is not done, lawmakers and the Governor have not done enough, and the cry by NFIB for more mandate relief/regulatory reform is serious.
Plain and simple, regardless of the property tax cap, our state and local tax burden is too high. In spite of advertising campaigns, our regulatory environment is stifling our economic future. I understand that political season is upon us, and little in the immediate future is going to happen. But it is imperative that the next time lawmakers return to Albany and as Governor Cuomo begins putting next year’s legislative agenda and fiscal plan together – the focus is on our businesses and taxpayers.
Time is growing short and patience is running thin.