This Week in Government Affairs
November 24, 2015
- Insurance roundtable recap
The Business Council was invited by Senator Seward, Chair of the Insurance Committee, and Senator Robach, Chair of the Transportation Committee, to participate in a roundtable discussion relating to transportation network companies (TNCs). Currently, TNCs such as Uber and Lyft have limited authorization to operate in New York City under Taxi and Limousine Commission regulations. Legislation is under consideration in the Senate and the Assembly to expand the ridesharing operations statewide.
Participants in the roundtable included: Uber, Lyft, State Farm Insurance, New York Insurance Association, Property Casualty Insurers Association of America and taxi and limousine owners. Senator Seward guided the discussion through a series of issues – adequate insurance coverage, whether statewide legislation is viable, passenger safety – background checks of drivers, wheelchair accessibility and the economic benefits of the TNCs.
The Business Council enthusiastically supports TNCs and will continue to participate in the discussion as the legislation is developed. Ridesharing services is a safe and affordable means of transportation that encourages competition and creates jobs in communities that need them.
- Unemployment insurance
This week it was announced that, based on 2013 unemployment insurance reforms, New York State had repaid $3.5 billion plus interest to the federal unemployment insurance trust fund, saving employers an estimated $200 million in interest costs. The elimination of this debt and corresponding surcharges will save employers on average $1,200, or $84 per employee. The Business Council supported the 2013 reforms that led to these savings and will now work to reinstate the lower UI tax brackets for employers with the best experience ratings that were removed pursuant to the reforms. Staff contact: Lev Ginsburg
- Support for LGP
Heather Briccetti, president and CEO of The Business Council, last week sent a letter to Governor Cuomo in support of Crestwood’s proposed Finger Lakes LPG storage project, noting that the facility would bring jobs and tax revenue to upstate communities. Staff contact: Darren Suarez
- Min. wage debate
City & State is hosting a forum on the impacts of increasing the minimum wage on Wednesday, December 2, from 8:00 – 11:00 a.m. at New York Law School. Speakers include: Senator Jack Martins, chair of the Senate Labor Committee; E.J. McMahon, president of the Empire Center for Public Policy; and Hector Figueroa, president of 32BJ. Click here to register for this free event.
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