ALBANY—Responding to the comptroller's preliminary analysis of the 2008-09 state budget which was released on Friday, April 25, Business Council president and CEO Kenneth Adams said,
“The Business Council agrees with Comptroller Thomas P. DiNapoli when he says the 2008-09 state budget spends more than the state takes in and borrows too much. As we said when the budget was enacted it is disappointing that an opportunity to control spending and lower taxes was missed this year.
We are encouraged that the comptroller's preliminary analysis of the budget recognizes these flaws. We are also encouraged that Gov. David Patterson is taking steps to reduce unnecessary spending by state agencies.
More must still be done to make New York economically competitive by curbing spending and reducing the high tax burden that punishes our businesses and residents. The Business Council will continue to work with state leaders to move New York toward a new fiscal discipline that will promote economic growth, good jobs and strong communities.”
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