FOR IMMEDIATE RELEASE
ALBANY (February 1, 2023) – The National Federation of Independent Business (NFIB), New York and the nation’s leading small business organization, released the following statement by NFIB State Director Ashley Ranslow in reaction to the release today of Governor Kathy Hochul’s proposed, detailed budget for the upcoming fiscal year:
“Small businesses have called for action on the Unemployment Insurance Trust Fund for years, and their concerns have been completely dismissed. New York’s leaders persist in ignoring the UI Trust Fund crisis. Their inaction has unnecessarily led to small businesses paying thousands more in taxes and fees. This pain will continue as long as Albany drags its feet. Unfortunately, the potential for substantial cost increases on Main Street aren’t limited to UI. The executive budget also proposes new employer taxes to fund New York City transit and expansive minimum wage mandates as small businesses continue to weather persistent inflation and historic energy costs.
“If New York legitimately wants to bring its economy back to pre-pandemic levels and address issues of affordability, Main Street businesses and local jobs must be prioritized. All this budget does is make it more expensive to do business in New York.”
For nearly 80 years, NFIB has been advocating on behalf of America’s small and independent business owners, both in Washington, D.C., and in all 50 state capitals. NFIB is nonprofit, nonpartisan, and member-driven. Since our founding in 1943, NFIB has been exclusively dedicated to small and independent businesses, and remains so today. For more information, please visit nfib.com.