News

03
Apr
2000
The Citizens Budget Commission, a respected civic organization based in New York City, issued a report urging Governor Pataki and the Legislature to reduce the gross receipts tax and slow the growth in state spending. "An exceptionally high tax on utility receipts is economically harmful because it raises energy costs for businesses and thereby puts firms in New York at a competitive disadvantage," said the CBC report, Recommendations for the New York State Budget For Fiscal Year 2001
03
Apr
2000
The Business Council is urging the state Legislature to support a proposal by Assembly Minority Leader John Faso to provide an education tax credit to offset education costs from kindergarten through college. The proposal is part of the Assembly Minority's $1.4 billion "family and jobs tax cut package" announced March 15
31
Mar
2000
The Legislature and Governor Pataki have agreed to increase the state's minimum wage for waiters and other food-service workers who get tips from the current $2.90 an hour to $3.30 — rather than the $3.50 an hour that might have applied under the initial version of the state's new minimum wage law
29
Mar
2000
New York's securities industry is driving the economic boom downstate and generating much of the tax revenues swelling Albany's surplus. But the industry is creating more jobs in other states, and New York risks losing even more growth in this industry unless a key tax reform is enacted, a new report concludes
23
Mar
2000
Assembly legislation calling for repeal of the gross receipts tax on energy utility bills has drawn support from 39 members of the majority conference, Assemblyman Robin Schimminger, chief sponsor of the measure, has announced. Meanwhile, The Business Council and chambers of commerce around the state began inviting businesses to use a new “e-lobbying” system to contact members of the Legislature on the GRT issue
16
Mar
2000
Malcolm Wilson, 50th governor of New York State and a longtime member of the Board of Trustees of The Public Policy Institute of New York State, died March 13. "Governor Wilson brought commitment and class to state government," said Business Council President Daniel B. Walsh
16
Mar
2000
The Republican Assembly Minority has proposed a $1.38 billion tax-cut program that includes the elimination of the energy gross receipts tax this year and a suspension of state sales taxes on gasoline and diesel fuel for the coming summer. "Business leaders keep telling us that elimination of the gross receipts tax on energy is the single most important action the state can take to spur job growth - and we're listening," said Assembly Minority Leader John Faso
16
Mar
2000
Restoring health-quality grants The Business Council and two western New York health-care groups are urging lawmakers to fund two grant programs designed to seek new ways to measure and improve health-care quality. The Business Council, the Niagara Health Quality Coalition, and the Rochester Health Commission want lawmakers to restore funding for the Health Information and Quality Improvement grant program and the Quality Measurement grant program, said Elliott Shaw, director of government affairs for The Council and its health-care specialist
14
Mar
2000
Assembly includes key business tax cuts, with partial repeal of GRT Assembly Speaker Sheldon Silver unveiled a proposal March 14 for some $750 million in tax cuts targeted to working families and job creation. Silver said the tax cuts would be part of the Assembly budget resolution to be considered on the floor on March 15
09
Mar
2000
A leading Assembly Democrat is calling for repeal the state's gross receipts tax (GRT) on energy. Robin Schimminger (D-Erie County), chairman of the Assembly Committee on Economic Development, Job Creation, Commerce and Industry, today announced a bill that would phase out the tax over two years