ALBANY – State Senator George Borrello says he is encouraged that New York’s 2023 fiscal plan includes relief for middle-class taxpayers, however, he feels parts of the agenda doesn’t go far enough.
Governor Kathy Hochul outlined her $216.3 billion budget on Tuesday.
The Senator is pleased that the budget doesn’t rely on new taxes or fees. Additionally, he is glad the plan includes some initiatives that would benefit middle-class taxpayers, including an acceleration of the historic income tax cuts.
He however thinks the proposed budget could do more to help small businesses struggling to recover from pandemic related losses.
“While the Governor has proposed modest small business relief, the best way New York State could help is by directing billions in unspent federal aid to ease the crushing unemployment insurance tax rates the state has levied on small employers to replenish the depleted UI fund,” said Borrello in a statement. “It is not only unfair to ask small businesses to bear the burden of the government’s mistakes, it is stifling our economic recovery.”
Borrello is also concerned with the “lack of robust investment” that would expand the ranks of state and local law enforcement. He would like the state to do more to fix the criminal justice reforms.