“Gov. David Paterson’s Executive Budget takes an important step in the right direction for New York by showing restraint in new spending and restraint in new taxes. While not perfect, it is being positively received by many major private sector employers within our membership,” said Kenneth Adams, president and CEO of The Business Council of New York State, Inc. in budget testimony to the state legislature’s fiscal committees.

“Our basic message today is to urge the Senate and Assembly to follow the Governor’s lead and adopt a no-growth budget, and avoid adding spending and taxes that are simply unaffordable to our moribund economy, to our businesses and to New York State residents,” added Adams. “This restraint is essential not only to bring the state’s fiscal house into order, but to improve New York’s economic climate and promote private sector investment and job growth.”

To read more on the Business Council’s testimony click here.