What's New

Zack Hutchins
Director of Communications

January 3, 2002

Council's policy advice to Albany: Keep Rolling

To help New York recover from the current recession and from the Sept. 11 terrorist atrocity in New York City, lawmakers in Albany must redouble their commitment to lower taxes, regulatory reforms, and other policies that have produced growth and prosperity in the last half-dozen years.

That's the message The Business Council has put in a new position paper called Keep Rolling. The paper, which briefly outlines The Council's legislative policy priorities for 2002, is being sent to Council members, to Governor Pataki and members and staff of the state Legislature, and to members of the news media.

"We can emerge from these troubles stronger than ever before," The Council says. To do so, it adds, "in 2002, New York must keep rolling, keep working on the basics, and keep thinking about the future."

The Council's top priority for 2002 will be supporting New York City's effort to recover and rebuild, the paper notes.

"New York and the nation must put lower Manhattan back in business, with a 21st Century infrastructure, a strong financial services community, and vibrant small business."

Beyond that, New York needs a stronger-than-ever commitment to work on the basics of its business climate, including lower taxes, reduced costs of creating jobs, and less burdensome regulations.

In particular, New York must resist the temptation to return to policies that undercut recovery during New York's last recession in 1990-91, Keep Rolling added.

"In the last recession, New York raised taxes and delayed tax cuts, thereby prolonging the downturn," the paper said. "We're not going to make the same mistake again."

To secure a strong foundation for future economic growth, the paper says, New York must also improve the performance of its schools and support research and development initiatives at its universities.

Specific legislative priorities outlined in Keep Rolling include: