Declaring that New York needs workers' compensation reforms
beyond those found in the law he signed on March 13, Governor
Eliot Spitzer has asked the heads of three state regulatory
agencies to lead efforts to make additional changes to reduce
costs and make the system more effective for both employers
and injured workers
With
strong praise for the work of The Business Council's leaders
in crafting a new workers' compensation reform agreement,
Governor Eliot Spitzer Tuesday signed the reform package into
law.
"Workers' compensation reform is a critical component
of restoring the state's competitiveness," said Governor
Spitzer said at the bill-signing ceremony at the state Capitol
The Senate Majority's budget plan for 2007-08 rejects all of the business-tax increases Governor Spitzer proposed in his Executive Budget -- tax increases that The Business Council has criticized as potentially damaging to the state's economy. Instead, the Senate plan would cut business taxes across the board
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