ALBANY—"By directly confronting New York's emerging fiscal crisis at this time, Governor David Paterson has chosen a course that is bold, prudent, and responsible," said Kenneth Adams, president and CEO of The Business Council of New York State.
"He is correct that our state's fiscal house rests on a crumbling foundation and we must take action to fix it immediately," Adams continued.
"Governor Paterson has implored us all to accept the brutal facts of the New York State economy. He has made it clear that now more than ever we cannot continue to run our state in business-as-usual mode. The old model is broken. And no one can fix it but us.
"Clearly we must cut state spending and live within our means. Just like the 19 million New Yorkers that it represents, our state government in Albany must scale back in these tough times—it must spend less, borrow less and save more.
"The Business Council applauds Governor Paterson for his decisive leadership on this tough issue. On behalf of our more than 3,000 member companies, we stand ready to assist the Governor and our legislative leaders in working together to reduce state spending and create a new fiscal discipline for New York State."
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