NYS Budget

Buffalo Niagara Partnership Workers Comp Savings

Workers’ Comp Reform To Save Employers $ 1 Billion

Changes to New York State’s workers’ compensation program are expected to save employers upwards of $1 billion moving forward. The New York State Department of Financial Services recently approved a nearly 12 percent reduction in loss cost rates – a key component of determining insurance premiums.  This significant reduction is a direct result of critical workers’ compensation reform included in last year’s state budget.

Where We Stand – NYS Executive Budget Proposal

The Buffalo Niagara Partnership detailed our state budget priorities in front of 200 people at our annual Legislative Luncheon.  Our members and many members of the Western New York legislative delegation came together for lunch and conversation at the Marriott in Amherst.  The Partnership detailed where we stand on Governor Cuomo’s Executive Budget proposal – specifically what we support, what we oppose and what we think is missing.

NYS Budget Update – Key Issues Included in Budget Extender

Several of the Buffalo Niagara Partnership’s state advocacy priorities are now on hold after the Governor and State Legislature failed to reach a final budget agreement.  To keep state government running, the Legislature did pass a stop-gap measure through the end of May.  This budget extender does includes key issues important to the Partnership and economic development efforts in Buffalo Niagara.  They are:

State Budget Talk Over Lunch

A record crowd at this year’s Legislative Lunch heard what the Buffalo Niagara Partnership does and does not want to see as a part of 2017-18 State Budget. Two-hundred people, including many members of the Western New York legislative delegation came together for lunch and conversation at the Marriott in Amherst. The Partnership detailed where we stand on the Governor’s Executive Budget proposal – specifically what we support, what we oppose and what we think is missing.

Advocacy Update: NYS Budget

The Governor and State Legislature have reached an agreement on the State Budget and, in doing so, have turned their backs on New York employers and doubled down on the state’s well-earned reputation as the most unfriendly place in the country to own and operate a business.  The employer mandates contained in this budget are unprecedented and will continue to hold back the Upstate economy.

Proposed Budget a Mixed Bag for Employers

Once again this year, Governor Cuomo broke with tradition and combined the annual State of the State with the Executive Budget Address and delivered one speech to the New York State Legislature.  And once again this year, the Governor’s proposals are a mixed bag for Buffalo Niagara employers.