Apparently, Governor Cuomo has proclaimed the recently enacted budget as a “love document”. Exactly who the love is for and what that means is up for others to interpret. For small business the answer is obvious, and no, we are not “hap-hap-happy”.
As with most state budgets, the results are always a mixed bag. NFIB/NY worked to get the sensible unemployment insurance and workers compensation reform packages across the finish line. There also was the ill-advised IDA reform proposal that thankfully was beaten back. And yes, the fiscal plan overall is responsible. But that is basically where the “love ends” and the spin cycle takes over.
Small business needed Albany to come through with a budget that resembled what we saw in 2011 and 2012. Responsible spending, transforming Albany and incrementally changing New York’s business reputation. This budget halted that progress.
But wait, this budget cuts taxes you say? Look where New York ranks right now in terms of tax friendliness. Really, is a $350 dollar check going to change that?
Hold on…you are telling me there are tax cuts for small business? Look where New York ranks as a supporter for small business. Those tax cuts are a band aid on a mortal wound.
I am appreciative that the Governor has taken time to talk with the business community and I am also still willing to work with the administration (and the legislature) to advance and enact serious proposals within the scope of mandate relief and regulatory reform. Serious work that will help REALLY move New York out of the depths of our economic reality.
We have a few months left this session. What will it be Albany? Spin or hard work that leads to serious progress?