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New York State Budget Mess Won't Go Away

09/02/2008


Our 6.4 billion dollar New York State deficit for the fiscal year beginning April 1, 2009, threatens the future vitality of New York State.  Notwithstanding the State government’s attempts to reduce the budget by approximately one billion dollars, our State legislators have not adequately dealt with this gargantuan loan deficit.  CRAIN’S has rightfully focused on the desperate need to address this problem.  CRAIN’S last two editorials, in its August 25 and August 18 issues, outline the extent of this problem. 

Our State legislators either have to cut the budget or raise taxes.  Clearly, additional taxation will continue to damage the economic vitality of our great state.  If you care about this problem, then write to your state legislature and tell them to do the following:

· Cut the budget now, not in 2009.

· Do not raise taxes.  New Yorkers are already the second highest taxed individuals of the 50 states in the country.

·
Deal with this issue as if your futures depend on it because everyone’s future depends on dealing with this problem now, rather than later. -- Edward E. Klein


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