“We are pleased that the announced budget agreement will continue the path of recently enacted fiscally responsible state spending plans. We also applaud the Governor and lawmakers for agreeing to substantial reform to the estate tax, providing essential financial peace of mind for our family owned small businesses and farms. We additionally are strongly supportive of the comprehensive tax reform targeted to New York’s manufacturers.
While we largely support the additional tax reforms in this agreement, we once again are forced to remind Albany that a corporate only approach largely ignores the tax struggles for small business. We also strongly oppose the property tax freeze which fails to effectively address the structural deficiencies caused by unfunded mandates which are plaguing our schools and communities.
We are encouraged that the discussions so far this session have focused on improving New York’s business climate and hope that the Governor and lawmakers not only continue these efforts, but be mindful of the needs and concerns of main street businesses across New York.”