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Economic development subcommittee opens budget review, spotlights UI debt and small-business concerns
Summary
Co-chairs of the New York State Legislature's Economic Development Joint Conference Committee opened a budget review emphasizing the state's unemployment-insurance debt, support for semiconductors and biosciences, and small-business challenges including retail theft and regulatory burdens.
Sen. Sean Ryan, co-chair of the Economic Development Subcommittee, and Assemblymember Al Sturpi, the Assembly co-chair, opened the joint conference meeting and outlined priorities for the upcoming budget negotiations, including addressing the state’s unemployment-insurance debt and supporting business growth in semiconductors, unmanned aerial systems and biosciences.
“My hope is we'll all work together to achieve a number of wins for business this year in the budget,” Assemblymember Al Sturpi said, listing efforts to clarify pay-frequency law, address unemployment-insurance trust fund debt and remain “focused in economic development areas like semiconductor manufacturing, unmanned aerial systems, and biosciences.”
The meeting featured extended remarks from Sen. George Borrello, who framed the unemployment-insurance debt as an urgent fiscal burden on employers. “The…
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