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Assemblyman
James Tedisco
Assembly District 112
 
Tedisco On Three-Way Jobs Agreement: “Where’s The Spending Cap?”
Statement from Assemblyman Jim Tedisco (R,C,I-Schenectady-Saratoga), Former Assembly Minority Leader and Current Assistant Minority Whip
December 6, 2011

“It seems there’s lots of sweeteners contained in the three-way agreement among the Governor and two Majority Leaders: MTA Payroll Tax Cut, reform of the tax code, an infrastructure fund to create jobs and rebuild the state’s roads and bridges, and there’s relief for flood victims of Tropical Storms Irene and Lee, as I publicly called for last week.”

“However, what’s missing from this proposal is the long-term solution to curing New York’s chronic spending addiction – a state spending cap. Last year, the Governor and Legislature agreed to move away from the altered reality that New York State’s economic problems are always due to a lack of revenue to a successful deficit reduction and completed budget model, which clearly illustrated New York has a spending and taxing problem. The state has asked local governments to do more with less by passing the tax cap, and now it’s time for state government to enact a constitutional amendment to limit its own spending. A spending cap along with mandate relief will go a long way to help the private sector create jobs and lower property taxes for millions of New Yorkers.”

“The question taxpayers need to have answered is will this new tax revenue be used for more state spending or to balance the budget? Where’s the cap on spending?”

 
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