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Fix New York 2014 Legislative and Regulatory Agenda

Contact: Ken Pokalsky

The following presents The Business Council’s 2014 Legislative and Regulatory Agenda. It reflects both the diversity of our statewide membership, as well as the broad public policy agenda confronting the business community. It includes proactive initiatives to improve the state’s business climate, promote new private sector investment and job creation, and identifies proposals damaging to business that we will work against.

2014 will be another challenging year for the state’s business community, with renewed calls for increased state spending, new taxes and new employer mandates. Fall elections will add an enhanced political element to the 2014 legislative session.

We believe it is important that New York maintain its recent focus on state spending restraint and broad-based reforms. Toward these objectives, The Business Council’s legislative priorities for 2014 include:

We look forward to working with our members to advocate for change while engaging with the broader business community and legislators statewide on our 2014 advocacy efforts.

Heather C. Briccetti, Esq.
President and CEO
The Business Council of New York State, Inc.

Fix New York 2014 Legislative and Regulatory Agenda

Campaign Finance Reform

The call for campaign finance reform has been renewed in the wake of scandals involving several elected officials in 2013. Many proposals to “fix corruption,” have a flawed approach; they focus on a taxpayer financed campaign system, similar to the New York City system, and do not address changes necessary for true reform and parity amongst all parties impacted by elections. Instead, The Business Council supports legislation that would:

Corporate Governance

It is critical that the state promote public confidence in corporate governance while avoiding mandates that make New York uncompetitive with other states. The Business Council:

Economic Development

As New York works to improve its overall business climate, The Business Council backs measures that support new investment in strategic industries. New York state needs to:

Education/Workforce Development

The Business Council supports innovative educational models to better prepare students for entrance into college and/or career, and supports the following education and workforce development initiatives:

Energy

Reducing energy costs and promoting adequate and diverse energy supplies will help support economic growth. The Business Council supports:

Environment

New York has a stringent environmental regulatory program that imposes costs and operational restrictions on businesses and impedes capital investment and job growth. The state needs to:

Financial Services

To promote continued growth and economic activity in the financial services industry, the state’s largest business sector, The Business Council:

Government Procurement

The process of selling goods and services to state government is increasingly cumbersome, with more businesses, including Minority and Women’s Business Enterprises (MWBEs), bypassing this significant business opportunity. To make the procurement process more efficient, The Business Council:

Health and Health Insurance

The cost of health care remains the number one concern among all Business Council members. Our health policy agenda includes the following priorities:

Infrastructure (Transportation/Construction)

Significant investment in public infrastructure is necessary to ensure the efficient flow of goods, services and people. Rebuilding New York’s aging infrastructure requires alternatives to the standard approach of financing, constructing and operating our transportation system. The Business Council:

Labor/Human Resources

Employers needs a stable employment regulatory environment and the ability to design pay and benefit programs that fit their industry, size, location, profitability and competitive environment. To achieve these objectives, New York should:

Taxation

The Business Council supports broad-based tax reform, as well as enhanced credits focused on key business sectors. Our major tax reform proposals include the following:

Technology/Telecommunications

To promote continued reinvestment in New York’s technology and telecommunications sectors, The Business Council:

Travel and Tourism

New York has a broad tourism industry, including culture, history, restaurants, entertainment, destinations, parks and more. To help this statewide industry, New York should:

Workers’ Compensation/Unemployment Insurance

The state’s workers’ comp system is arguably more expensive now than before the 2007 reforms, due to a near doubling of maximum benefits and slow implementation of cost-saving reforms. Additional reform measures, to ensure that intended cost savings are achieved, should include: