Ranzenhofer: COVID-19 impacts on the NYS budget
From Sen. Michael Ranzenhofer:
I hope that this message finds you and your family safe and in good health. Over the last week, we have seen our lives and schedules turned upside down. From mandatory business closures and workforce reductions to school closures and travel restrictions, everyone has been impacted by the recent COVID-19 outbreak in New York State.
In addition to our daily lives, the current budget process has been significantly disrupted. Making matters worse is the fact that the state was facing a projected $6.1 billion deficit, prior to the current pandemic. This is expected to grow significantly due to the sharp decline in economic activity across the state.
I am hopeful that everyone will act responsibly and work towards enacting a straightforward, transparent budget. With ever-increasing uncertainty, I do not believe that it is appropriate to be advancing new “bold” programs or loading the budget with unrelated policy initiatives.
Furthermore, we must do all we can to protect critical public health programs and avoid balancing the budget with measures that will increase costs drastically for hard working families and small businesses, who are facing unprecedented financial uncertainty. Striking this balance will not be easy but is essential.
I will continue to monitor these situations closely and do all I can to advocate for Western New York families and small businesses during this difficult time.
Sincerely,
Michael H. Ranzenhofer
State Senator
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For more information regarding how to best protect you and your family, visit the CDC website or call the NYS Department of Health toll free at 1 (888) 364-3065.
For businesses with questions regarding the Governor’s recent Executive Order, I encourage you to contact Empire State Development Corporation.