Maintaining fiscal discipline and keeping year-over-year state spending growth at 2 percent or less is critical to improving the state’s business climate, the President and CEO of The Business Council of New York State, Heather C. Briccetti, Esq., said in an Albany radio interview this morning.
Speaking with Susan Arbetter, host of WCNY’s Capitol Pressroom, Briccetti said the past four years of spending control has contributed to the excess of revenue over expenses that the state now has.
“I just returned from the Council of State Chambers of Commerce national meeting and there, chamber executives from other states were concerned with deficits in their home-state budgets, that is not the case in New York and that we do not have a state budget deficit is a testament to the Governor and to the Legislature,” said Briccetti.
Beyond spending control, Briccetti said The Business Council’s second priority is to promote actions that will lower the cost of doing business in the state. She cited reform of the Scaffold Law which assigns all liability for gravity-related, on-the-job injuries to employers as an example. “New York is the only state that has such a law,” said Briccetti.
The Business Council and other supporters of reforming the law cite the increased cost of liability insurance for contractors that drives up the overall cost of all construction in the state.
Briccetti also said The Business Council opposes new wage mandates and is opposed to the proposed increase in the state minimum wage.
She cited recent U.S. Census data showing the vast percentage of adult poverty is not based on wage levels, but on whether and how much an individual worked. Just 2.7 percent of adults between the ages of 18 and 64 who worked fulltime, regardless of wage, were in poverty.
“The end result will be fewer jobs created and potential job losses that will adversely impact both small businesses and entry level workers. If raising the minimum wage reduces the number of jobs available, it won’t reduce poverty,” said Briccetti.
You can listen to the complete interview by clicking here.