PRESS RELEASE
PARTNERSHIP FOR NEW YORK CITY
New York, New York
August 4, 2010
press release (PDF 91K)Statement From Kathryn Wylde, President & CEO of the Partnership for New York City, on the 2011 State Budget
“The business community welcomes the certainty that comes with adoption of a state budget, with full knowledge that next year’s budget deficit will be even larger and agreement will be even more difficult to achieve.
It is disappointing that no structural budget reforms were undertaken this year, except with respect to major reform of the state’s economic development programs. The Excelsior Jobs Program is a constructive step toward making New York more competitive for private sector job creation and new business investment. Ultimately, economic growth is the only good solution to our budget crisis.
The business community is encouraged that, for the most part, the Governor and the legislature rejected significant tax increases in this budget that would have diminished the state’s ability to expand the revenue base through increased economic activity and employment.”
About the Partnership for New York City
The Partnership for New York City (www.pfnyc.org) is a network of business leaders dedicated to enhancing the economy of the five boroughs of New York City and maintaining the city’s position as the center of world commerce, finance and innovation. Partnership companies account for nearly 7 million American jobs and contribute over $740 billion to the national GDP.