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For Release — March 12, 20018

Business Council opposes tax and fee increases in 2018-19 budget
Calls for decoupling from federal tax law in key areas and opposes the creation of new taxes on business

ALBANY, N.Y.—With state lawmakers returning to the Capitol and preparing to pass their one-house budget resolutions, The Business Council of New York State, Inc. today reminded lawmakers of its 2018 legislative priorities and affirmed its opposition to more than one billion dollars in tax and fee increases in the Executive Budget.

“As we enter the final negotiations for the 2018-19 New York State budget, we remind lawmakers that the state’s business community is strongly opposed to any tax and fee increases and the creation of a new tax on businesses,” said Heather C. Briccetti, Esq., president and CEO of The Business Council of New York State, Inc. “We believe the way to move New York’s economy forward is not by increasing our already heavy tax burden, but by reexamining our current spending levels, especially in education and Medicaid. No longer can we afford to be extreme outliers in regards to the money we expend for these programs or in the often disproportionate results we achieve.”

While The Business Council will work hard to ensure our entire Legislative Agenda is achieved, we will maintain a particular focus on the following areas:

TAXATION

The state should not increase taxes or fees to balance its FY 2019 budget. We note that the Executive Budget projects increased business tax revenues of more than $1 billion, driven primarily by growth and increased profits. In addition, we urge the legislature to address areas where federal tax reforms would result in inadvertent increases in state tax liability, and reject proposals for New York to claim some portion of business’ federal tax cut.

MWBE/GOVERNMENT PROCUREMENT/PUBLIC WORKS

WORKFORCE DEVELOPMENT/EDUCATION ISSUES

BUSINESS REGULATION & ECONOMIC DEVELOPMENT

CAMPAIGN FINANCE & ETHICS REFORM

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