Governor Cuomo’s budget balances New York’s books with heavy cuts to Medicaid and education. Cuomo says the dramatic cuts to address New York State’s budget crisis will make the state more attractive to business.
So far, business leaders seem to agree.
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“I believe this is the long-term future of New York. Letting business take a second look at this state and say, 'You know what, maybe New York isn’t that bad. Maybe New York gets it'.” Cuomo said in his budget address.
The fate of the governor's pro-business measures in the legislature is still an open question, but Michael Moran, spokesman for the the Business Council of New York State, is optimistic.
“I think the governor is saying to businesses around the country and across the world that New York is open for business again,” says Moran.
Moran and business advocacy group Unshackle Upstate say they’re watching the 2 percent tax cap, which passed the Senate Monday. The measure was a key promise of Governor Cuomo’s in his run for office, but will have to pass the Assembly to reach the Governor’s desk.
