Statement on UI Debt Funding
Businesses across New York State are grateful to finally be relieved of this multi-billion-dollar burden that has served as an added tax on all our employers for the past four years. This debt cost businesses over $6 billion, removing the opportunity for many small employers to reinvest in their businesses or local economies
State Business Groups, Builders File Legal Challenge Against New York’s Revised Freshwater Wetlands Regulations
ALBANY – A broad group of statewide business associations and individual developers filed a legal challenge Wednesday against the New York State Department of Environmental Conservation’s (DEC) updated freshwater wetlands regulation (6 NYCRR Part 664)
"The business community appreciates the inclusion of an interest payment on the UI debt in this year’s budget. However, we believe there was a missed opportunity by not accepting the Assembly proposal to pay off the debt entirely. The same businesses who were forced to shutdown and then attempt to rebuild our economy will continue to shoulder the brunt of the burden until meaningful relief comes
“Businesses cannot continue to shoulder the burden of tax increases when the state or public authorities have budgetary problems. The MTA and the state need to consider a fairer approach to funding, one that raises revenues more broadly, including from those who regularly utilize the system. Continually raising taxes on businesses prevents economic competitiveness and lowers affordability in a state already ranked at the bottom in both categories
The Business Council and nine pro-business groups sent a letter to the New York State Congressional Delegation, on Monday, solidifying our support for the Bipartisan CHIPS and Science Act.
You can read the full letter here.
ALBANY – A York University professor, with expertise in economic and municipal recycling program studies, recently found unrealistic and overstated cost savings and benefit projections in New York State’s proposed Packaging Reduction and Recycling Infrastructure Act bill.
“Economic theory and practical experience suggest that these costs [imposed by the proposed Packaging Reduction and Recycling Infrastructure Act’] will not be absorbed by producers alone
Joint Statement Regarding New York’s Unemployment Insurance Fund Debt
ALBANY – Following the Fiscal Policy Institute’s recent report that New York State ended its 2025 fiscal year with $6 billion in higher-than-projected receipts, pro-business groups are urging the legislature to address the state’s lingering UI debt
The Business Council of New York State, Inc., on Tuesday, delivered a legislative memo in support of the "Affordable Waste Reduction Act" (S.5062 (Martinez)/A.6191 (Jackson)) on behalf of nearly 40 businesses and business associations from across the state, as well as various national groups
"Manufacturing drives New York’s economy to the tune of $85 billion in products produced annually, with $76 billion worth of goods exported to diverse markets worldwide. Across the board tariffs risk raising both production and consumer costs unnecessarily. The Business Council will continue its advocacy work with state and federal partners to highlight the impacts tariffs have on our workforce and consumers