Friday, January 12, 2018

 

 

 

This will be a tough financial year for New York, state lawmakers say

TOWN OF WALLKILL – The state is starting off the year with an estimated $4 billion deficit and that spells for some tough decisions in the weeks ahead, several state lawmakers who represent portions of Orange County told the area business community on Thursday.

The Hudson Valley is “rocking,” as Senator John Bonacic (R, Mt. Hope) told Orange County Chamber of Commerce members noting the anticipated Legoland theme park in Goshen and the casino in Kiamesha Lake, West Point and other tourist venues, said the region is a “hot spot.”

In the same vein, Assemblywoman Aileen Gunther (D, Forestburg) said increased tourism translates into economic development.

But other lawmakers like Assemblyman James Skoufis (D, Woodbury), said the state must tighten its belt and eliminate what he called “cockamamie” programs.

“On top of my list are these economic development programs that we are not getting return on investment on,” Skoufis said. “Start Up New York is the prime example where we see more TV ads than we do in economic development, but there are many others from regional economic development councils, all of these Empire State Development programs, where we are spending billions and billions of taxpayer dollars, often on corporations that don’t need the money or on corporations that pull out and don’t produce.”

Assemblyman Karl Brabenec (R, Deerpark) and Bonacic said the state needs real tax reform.

Senator William Larkin (R, Cornwall-on-Hudson) said the state should make the two percent tax cap permanent to control government spending.

 


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