Budget Decisions Will Tell If New York State is Serious About Economic Recovery

By Heather Briccetti, Robert Duffy, Mark Eagan, Dottie Gallagher, Marsha Gordon, Al Samuels, Kathryn S. Wylde | March 29, 2020

For the past three weeks the entire nation has kept an eye on New York State for two reasons; we are the epicenter of the coronavirus pandemic in the US and we are the center of the nation’s economy. Currently, and for many months to come, these two facts will play a substantial part in determining the financial health of the state and the country as a whole. This gives us, as business advocates, reason to be hopeful and reason for serious concern.

During these extraordinary times, Governor Andrew Cuomo has been an effective leader of the state’s response and, increasingly, a recognized voice across the nation on both the public health and economic development response to COVID-19. His assertive but calming calls to action have set forth a clear, if difficult, strategy.

To say New York State’s economy is fractured would be an understatement, and the lasting effects will be felt for years to come. Importantly, the actions that we take as a state today, will shape the long-term repair of the economy.

Now, more than ever is the time for fiscal responsibility. Imposing significant additional costs on employers will be counterproductive. Such proposals range from shifting significant additional costs onto the workers’ compensation system, to imposing costly new wage mandates on economic development programs.

This is a pivotal time for New York State and the nation. This is when we decide as a state if we intend to reemerge stronger or stymie our growth with short-sighted measures. We are hopeful that lawmakers recognize the gravity of the moment and pass a fiscally responsible budget that leads to recovery. This is what is necessary for all New Yorkers.

Heather Briccetti
President & CEO
The Business Council of New York State

Robert Duffy
President & CEO
Greater Rochester Chamber of Commerce

Mark Eagan
President & CEO
Capital Region Chamber

Dottie Gallagher
President & CEO
Buffalo Niagara Partnership

Marsha Gordon
President & CEO
The Business Council of Westchester

Al Samuels
Rockland Business Association, Inc.

Kathryn S. Wylde
President & CEO
Partnership for New York City