“As much as Gov. Cuomo would like us to believe that the federal government is to blame for these issues, that is simply not the case. New York’s tax structure has been widely regarded as one of the most convoluted and complex in the nation for several years. Our state currently faces a $4 billion deficit and a 2017 report from the state comptroller states that New York has over $60 billion in state-funded debt. However, the governor continues to spend hundreds of millions of tax dollars each year through ‘backdoor borrowing’ on initiatives that have yet to deliver the economic growth and job creation results we were promised.
“I hope that this year our state’s leadership will take much-needed steps to re-establish New York as an attractive destination for businesses and residents alike. We must provide tax relief for New York’s hardworking families and businesses, and curtail frivolous government spending in an effort to balance our state’s budget before it is too late.”