05
May
2025
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. We appreciate Governor Hochul’s willingness to have ongoing discussions with the business community and for agreeing to make the UI fund solvent. We also thank the Assembly leadership for their continued commitment to the issue throughout this legislative session.
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Heather Mulligan
President & CEO