Governor Eliot Spitzer's workers' compensation reform bill has passed the state Legislature, following years of advocacy by The Business Council and 12 weeks of intensive negotiations involving the Spitzer administration, legislative leaders, Business Council President Kenneth Adams, and the state AFL-CIO
The Business Council of New York State, Inc. is proud to
ask for your support of the above captioned legislation
which provides long overdue relief for employees and employers
alike. For employees the relief comes in the form of significantly
increased benefits for injured workers
Governor Eliot Spitzer signed this legislation into law on March 13, 2007 -- Chapter 6 of the Laws of 2007
The bottom line is a projected savings for employers of 10 to 15 percent at the outset with more to follow
Here is a summary of the key provisions of a package of workers' comp reforms that was announced February 27 by Governor Eliot Spitzer and legislative leaders
New York's state and local governments pay public
employees 21 percent more than the national average, and
the number of government workers compared to population
is among the highest in the country, according to a Public
Policy Institute analysis of new U
ALBANY—Proposed business-tax increases of close to $600 million will discourage economic growth and job creation across the state at a time when New York's employment growth already lags behind, the president of the Business Council of New York State Inc. told key legislators today.
“Raising business taxes will hurt the Upstate economy,” Business Council President/CEO Kenneth Adams said in testimony to the Senate Finance and Assembly Ways and Means committees
Businesses in New York paid an estimated $50.5 billion in combined state and local taxes, or 43 percent of all taxes, in fiscal 2006, a national study finds.
That tax burden represented 5.9 percent of overall economic activity, or gross state product -- a share that was significantly higher than the cost of business taxes in most large, industrialized states and more than 15 percent above the national average
Governor
Eliot Spitzer and New York's legislative leaders have announced
a landmark agreement to reform the state's workers'
compensation system that will cut employers' costs by 10
to 15 percent, with more savings to follow, and increase
benefits for injured workers
The Public Policy Institute has updated information on
workers' compensation and other selected job costs
included in its compendium of statistics, Just the Facts.
The updated data include workers' compensation information
from the National Council on Compensation Insurance
The state Senate has passed business tax reform legislation
championed by Senate Majority Leader Joseph Bruno, which
will reduce state-imposed business costs by $1.3 billion
a year when fully implemented.
The Council had urged the Senate to pass the bill in a
legislative memo filed in late January
New York State government's per-capita spending in
2005 was the fourth highest in the nation and 43 percent
above the national average, a Public Policy Institute analysis
of new Census Bureau data shows.
The new data detailed the revenue and spending of all 50
states (including certain public authorities, but not including
local governments) in 2005