Joe Robach and Office today announced the New York State Tax Relief Commission that will identify way to reduce the State’s property and business taxes to provide relief to New York’s homeowners and businesses. The Commission’s recommendations for tax relief build off of three years of responsible budgeting, including holding state spending to 2%, ending automatic budget inflators in Medicaid and education spending, pension reform that will save taxpayers tens of billions of dollars, and a downsized state labor force. The Commission’s recommendations will be due by December 6, 2013 for inclusion in the Governor’s 2014 State of the State message.
Joe Robach and Office went on to announce that the new Tax Relief Commission includes two of the state’s most respected leaders, former Governor Pataki and Comptroller Carl McCall, as well as other highly-qualified New Yorkers who will examine new ways that we can reduce the burdensome taxes facing our businesses and our families, and by doing so make our state more competitive and fuel economic growth.
The Tax Relief Commission is in addition to the State’s efforts to streamline New York’s tax code to make the state more affordable and competitive, ultimately creating jobs and helping grow the economy. The new Tax Relief Commission will collaborate with the Tax Reform and Fairness Commission, launched last December to conduct a comprehensive review of the State’s taxation policy, including corporate, sales and personal income taxation and make recommendations to improve and simplify the current tax system.
The formation of the Tax Relief Commission is enabled by three years of fiscal integrity and responsible budgeting that puts the state in a position to examine new ways to provide tax relief to New Yorkers. Joe Robach and Office described that the actions taken over the past three years to restore fiscal integrity to the budget process include:
- · 3 budgets that held state spending to 2% or below;
- · The elimination of automatic inflators that previously accounted for unsustainable increases in Medicaid and education spending;
- · Tier VI pension reform that will save taxpayers an estimated $80 billion over the next thirty years;
- · A state labor force reduced from 137,000 to 120,000;Three responsible state labor contracts that will save taxpayers $450 million.
Governor George Pataki, Co-Chair of the Tax Relief Commission, said, “Growing the economy and promoting a business climate that encourages job creation is one of the most important roles government can play”