30
Jun
1997
The Public Policy Institute, research affiliate of The Business Council of New York State Inc., today released its 1997-98 edition of Just The Facts, a compilation of important data about New York State.
Among the 54 tables in the booklet are statistics showing:
- New York State's job growth continues to lag that of the nation. But, our growth rate is significantly closer to the national pace than it was in the early 1990s.
- New York is among the leading states for new business incorporations, Fortune 500 company headquarters, major new corporate facilities and commercial bank assets.
- In the last two years, New York has cut taxes far more than any other state. Still, our overall tax burden remains the highest in the nation.
- Energy costs for both electricity and natural gas are higher in New York than elsewhere.
- Unemployment insurance coverage typically lasts longer in New York than in any other state, and our workers' compensation costs are still high.
- Our system of lawsuits as measured by liability awards of $1 million or more, and the median compensatory damage award is the most costly in the nation.##