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For Release — April 3, 2009

Business Council statement on final budget passage

Kenneth Adams, president & CEO The Business Council of New York State said,

“As the Senate completes action on the worst state budget in history, all New Yorkers should note that they will now be paying higher taxes for necessities including energy, health insurance and other insurance products as well as increased costs for everyday items like bottled water and wine.

The massive tax increases and reckless spending in this budget are certain to kill jobs and damage our economy.

The Business Council applauds the members of the Assembly in both parties and the Senate Minority who saw how damaging this budget will be and voted no. They refused to agree to a budget that ignores fiscal responsibility and dims our hopes for recovery.

Considering this burden of over $6 billion in new taxes, we call on the leaders and on all the members of the legislature to carefully review the job-killing potential of any proposed legislation that will add even more costs and burdens to New York's private sector employers in this time of economic crisis.

Moving forward, The Business Council will continue to insist that New York needs dramatic fiscal reform and real spending control.”

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