Issue Position: The Economy

Issue Position

Four years ago, the recession had saddled New Yorkers with a $10 billion budget deficit that was closed with no new taxes, fees, or gimmicks. This budget, passed in 2011, and the four to follow, were on time, honestly balanced budgets that held state spending growth below 2 percent -- well below the rate of inflation -- and represented the lowest rate of spending growth over a four-year period in over 50 years.

With sound fiscal leadership, George Latimer has worked with Governor Cuomo to turn the $10 billion deficit into a projected $2 billion surplus. With spending under control, the State should cut taxes and reverse the mentality of New York as the tax capital of the nation, an image that defined New York for decades.

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