Assemblymember Anthony J. Brindisi (D-Utica) announced the Assembly passed a budget proposal that increases state aid to schools and directs funding toward small-business development and job creation, while providing the capital funding necessary to create a more business-friendly environment in New York State (K.1023).
“During this difficult economic time, we must continue to foster a business-friendly climate so that people can get back to work,” Assemblymember Brindisi said. “The Assembly’s budget proposal is the first step towards enacting an on-time budget that delivers real results for Mohawk Valley families.”
Investing in our children’s education
The Assembly budget proposal redirects $178 million to school districts through a renewed commitment to Foundation Aid, ensuring that every school district receives more state aid that what the executive budget proposed, noted Assemblymember Brindisi. The Assembly budget proposal also:
- provides $38 million in expense-based aids and rejects the plan to freeze this aid;
- rejects the plan to require schools to share the cost of pre-school and special education; and
- increases aid to public libraries by $1 million.
“It’s just not right for the state to pass the buck by shifting even more of the tax burden to local property taxpayers,” Assemblymember Brindisi said. “The Assembly budget proposal prevents the state from forcing taxpayers to pick up more of the cost of expense base aids and pre-school and special education costs.”
The Assembly increases support to local community colleges by $205 per full time equivalent student (FTE), for a total increase of $40.3 million across the state. By increasing state aid to our community colleges we offset the cost to our counties, which will help hold the line on county property taxes while still ensuring that Mohawk Valley community college continue to provide an outstanding education at an affordable price, Brindisi noted.
In addition, the budget proposal restores:
- More than $600,00 to SUNY child-care centers; and
- $3.5 million to the Higher Education Opportunity Program (HEOP).
Fostering Job creation
The Assembly budget proposal provides nearly $64 million in funding for various ESDC projects to help promote business growth, ultimately leading to job creation and thriving communities throughout New York State, added Assemblymember Brindisi.
The proposal includes funding for the:
- a second round of loans within the Small Business Revolving Loan Fund ($25 million);
- creation of a new Back to Work NY Jobs Program ($20.25 million);
- Commercialization Assistance Fund ($10 million);
- military base retention efforts ($5.4 million);
- support for the Minority- and Women-owned Business Development and Lending Program ($2 million);
- Agricultural Industry Competitiveness Assistance Program ($1 million);
- Small Business Innovation Research (SBIR) Outreach and Technical Assistance efforts ($500,000); and
- Regional Technology Development Centers ($200,000).
The budget proposal also extends loan eligibility under the Small Business Revolving Loan Fund to bridge loans for procurement purposes for small businesses and minority- and women-owned business enterprises (MWBE).
NY Youth Works program deadline extended
The NY Youth Works program is an essential program that provides disadvantaged youth with job opportunities, offering businesses that hire eligible youths with tax credits (Ch. 55 of 2011). The Assembly budget proposal extends the deadline by six months so businesses that hire disadvantaged youth can earn up to $4,000 in tax credits thru Dec. 31, 2012.
“Continuing the NY Youth Works program will provide so many beneficial opportunities to our young people, helping them obtain the work experience they need for the future,” Assemblymember Brindisi said. “The budget proposal is a balanced one that focuses on the needs of working families. I will work with the Senate in the coming weeks to help finalize a state budget that invests in the Mohawk Valley.”