“For the third year in a row, Governor Cuomo’s proposed fiscal plan maintains the theme of fiscal responsibility continues to right-size state government and closes the current budget gap while rejecting any new tax increases. Financially, this budget proposal is a continuation of existing efforts to rebuild New York’s fiscal health and encourage sustained economic growth.
We are pleased that the Governor has included sensible reforms in workers compensation and unemployment insurance. These provisions will fix structural financial problems, return the unemployment insurance fund to solvency and create long term cost savings that will help New York’s small businesses. Also encouraging is the smoothing option for public pensions and fiscal ability to pay as mechanisms for necessary mandate relief for our schools and local governments.
We are deeply disappointed that the Governor has included a minimum wage proposal within this fiscal plan. As proposed, this minimum wage hike has the potential to offset the projected immediate savings incorporated within his regulatory reform proposals. We strongly urge the Governor and legislative leaders to focus on additional areas of regulatory reform and cost reduction for small business.”
“We will analyze the Governor’s budget plan in greater depth over the next few days and continue our efforts to advocate and work with the Governor and lawmakers on behalf of taxpayers and small business owners.” –Mike Durant, NFIB/NY State Director