Chamber In the Media

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Governor's Budget Can Help Build a Stronger Business Climate

Jan 20

Written by: Todd Tranum
1/20/2012 3:58 PM  RssIcon

 

On the heels of a State of the State Address that sent a strong, positive signal to New York’s business community, Governor Andrew Cuomo delivered a budget message this past week that backed up his call for a stronger state economic climate. 
The Governor’s proposed 2012-13 budget closes a $3.5-billion deficit and sends the message that New York is ready to turn around its sagging economy. Among the top priorities addressed are economic development, government reform, and mandate relief – all necessary items to make New York state business-friendly. 
Through development of a comprehensive blueprint for economic development, the budget would create public-private partnerships that leverage state resources to improve infrastructure and support regionally-based economic strategies. Nearly $1.2-billion is appropriated for investments in economic development projects and programs.
One of the most critical governmental reform measures outlined in the executive budget calls for restructuring the state’s Medicaid program. Without any changes, Medicaid spending in New York is projected to grow by 13-percent. One of the most significant proposals in the budget is a cap on Medicaid spending, along with changes that will make the health care services more effective and patient-centered. These measures are critical to reducing state spending and state and local taxes. In addition, the Governor is calling for a continued reorganization of state government agencies in order to eliminate program duplication and consolidate functions. 
Sweeping reforms to reduce the burden of state mandates on local governments are also in order. These measures, including Medicaid relief, pension reform, and the reform of early intervention and preschool special education, are all aimed at reducing property taxes at the local level. 
All of these changes are directed towards improving the overall economy in New York State. We welcome these moves and additional steps outlined by Governor Cuomo to demonstrate that the Empire State is once again “Open for Business.”

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