Updated: 10/09/2013 6:17 PM
Created: 10/09/2013 4:11 PM WHEC.com
On Monday, in our exclusive report, "New York State Exposed", News10NBC told you New York is ranked 50th when it comes to business tax climate in the country. On Wednesday, a new ranking for 2014 came out and we are still in last place. This means the state will have to live with being the last in the country for another year.
The study comes from the Tax Foundation. It put New York in last place because of business taxes and regulations. Those are the biggest complaints we get from business owners and that's what News10NBC asked Lieutenant Bob Duffy about.
Lt. Gov. Bob Duffy said, “Well, I would say I agree on one thing. We've been at the bottom or close to it for the last several years. The governor has done some great things to get us out. If that's where we are this year with the Tax Foundation, it just shows we have a lot more work to do.”
News10NBC met the lieutenant governor at the Small Business Council Awards Ceremony at the Rochester Riverside Convention Center. The top winners were Amy Castronova, who owns Novatek Communications and Mark Davitt, who owns Conserve, a student loan collection agency. News10NBC asked them if you could change one thing what would it be? Davitt says balance the budget and cut spending.
Davitt said, “When the burden for paying for entitlement programs is put on small businesses, you're setting yourself up for a lose, lose.”
Castronova said, “There's been a lot of incentives, incubators and accelerators to get businesses up and going. What I would change is make some of those privileges and benefits available for the small businesses, the ones that have been here.”
Lt. Gov. Bob Duffy said, “I don't disagree philosophically one bit with that. What the governor has done with start up New York is pick areas where he has the ability to not offer taxes.”
Bob Duffy says the reality is if you cut taxes and spending you have to cut programs. What would you cut? Send Berkeley Brean your answers via Twitter with the hastag, #NewYorkExposed