Covid-19 has completely changed the way we all live.
But along with worrying about keeping themselves and their families healthy, thousands of small business owners across New York state are losing sleep over how to keep this virus from killing the businesses they have worked so hard to build.
At the same time, lawmakers in Albany are trying to craft a budget in the face of plunging revenues. Sales taxes — much of them generated by small business — brought in a whopping $73.6 billion last year. Our schools, as well as other vital government services, rely on these funds. When a business fails — and too many are on the precipice of failure right now — that sales tax revenue goes, too.
We believe a simple proposal could help restart local business and bolster sales tax revenues, but swift action is required by Gov. Andrew Cuomo and the State Legislature.
Small businesses are the backbone of our communities. Everyone wants a thriving downtown where they can shop, eat or go to a movie…Continue reading