For Release — September 8, 2008
Gov. Paterson shows commitment to lowering the cost of New York government
ALBANY— “Gov. David Paterson's call for state agencies to submit zero-growth budgets shows that he is committed to lowering the cost of government in New York and making the state's economy more competitive,” said Kenneth Adams, president & CEO of The Business Council of New York State.
“For too long, political leaders in New York have spent well beyond state taxpayers' means. The result has been a loss of population and jobs as people and businesses moved to avoid the tax burden,” added Adams.
“With the state facing a $5.4 billion deficit in the next fiscal year and a projected $24.4 billion deficit over the next three years this is no time for business as usual. Gov. Paterson realizes that New York cannot tax its way to prosperity,” said Adams.
“New York's economy is distressed and cannot support continued spending increases. Gov. Paterson is right to ask state agencies managers to do what managers in the private sector do every day, find creative ways to reduce costs, streamline operations and increase productivity while delivering on their core mission.,” concluded Adams.