As we enter a new Legislative session and begin our work with a new administration, it is imperative we begin immediate work to reign in the high cost of living and working in New York state.
One such method, as introduced by Governor-elect Cuomo, includes real property tax relief. MACNY applauds Governor-Elect Cuomo's public stand and dedication to this issue that has crippled our state's residents and businesses for far too long.
Our recent MACNY Public Policy Survey indicated to us that our collective membership remains increasingly concerned with the continuous increase in property taxes. Local property taxes in New York State grew by 73 percent from 1998 to 2008 - more than twice the rate of inflation during that period. New York manufacturers are trying to compete with both domestic and international businesses. The effect of high property taxes is two-fold: businesses located here must compensate for dramatically higher property taxes, while outside manufacturers are discouraged from relocating to our state. Additionally, it is more difficult to recruit and retain skill labor when they must pay much higher than average property taxes.
In order to bring much needed relief to New Yorkers, immediate attention must be made to solving the property tax crisis. Through his recent public statements, Governor-elect Cuomo has taken a progressive and public promise to tackle this head-on.
On behalf of MACNY and its entire membership, we look forward to working closely with the Administration and the Legislature to see much needed property tax relief come to fruition. Once achieved, I fully believe New York state will be that much further ahead in achieving a better business climate, and becoming a more viable and attractive place to operate a business.
Randy Wolken is the president of MACNY, the Manufacturers Association, which represents more than 330 companies in a 19-county region in Upstate New York. The 97-year-old organization provides human resource services, training, purchasing solutions, networking opportunities and advocacy support for its members.