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NY State Unemployment

July 31, 2011 by USA Post 

NY State UnemploymentNY State Unemployment, The weak state fiscal situation prevents tab collect and 95 million of interest was announced private employers, the governor, Andrew Cuomo announced Thursday.

Employers across the state, such as meat Redlinski Falls, issued a surcharge of up to 21.25 per employee to cover the interest on a loan to fund New York federal unemployment insurance, which has reduced claims unemployment has exceeded tax collections in recent years.

On Wednesday, the minority leader of the Assembly Brian Kolb, R-Canandaigua, wrote an open letter to Cuomo asking him to use the money in better condition than expected tax revenues to cover costs. State Comptroller Thomas DiNapoli issued a report earlier this month that the state collected nearly 800 million more in income and sales taxes during the first quarter of this year was planned, but warned that state finances have still unsettled.

Cuomo said Thursday he would not be responsible for the state to take advantage of the fiscal surplus. And a projected budget gap 2500000000 awaits him and the Legislature as they begin preparing the budget 2012-13 fiscal year in January.

“The State is unable to pay,” Cuomo told reporters in Schenectady. “Remember, when this closed state budget (2011-12), which had a deficit more or less and $ 2.5 million for next year. So we’re not out of danger for the next year. We have much work and certainly do not have much time. ”

The State has taken more than 3 billion and the federal government to cover their costs of unemployment. Using federal stimulus funds, Congress waived the interest on loans in 2009 and 2010.

There are bills pending in which waiver of interest this year too, but federal lawmakers have yet to act on them.
Kolb said the state’s decision to approve payment to private employers message contradicts Cuomo of New York is serious about improving their business climate criticized.

Cuomo and Lt. Robert Duffy have traveled across the state this week to announce the regional councils of economy and competing for 1 million dollars in development grants, tax incentives and other funding sources.

The average private employer was announced and 18 per employee, according to the Labor Department.

“I think that clearly goes against the” New York is open for business’, “Kolb said, referring to the title of the campaign Cuomo’s economic development.” When the Labor Department says that employers have to pay this fee at the first opportunity, is the wrong message. This is another example where if you can ding it, they will. ”

Kolb said he hopes the Legislature and the governor could narrow the gap in the budget 2012-13, even if the State uses some of its tax receipts to cover the interest payments.

“Basically, what (Cuomo’s) saying we want to bank revenue to the budget negotiations next year, and if companies have to pay for it, is and 95 million more that you can play year’s budget next, “said Kolb.

Congress could waive interest federal loans, but time is running out. Bill status should be September 30 and employers have to pay the Department of Labour on August 15, but the deadlock over the federal debt ceiling has complicated Congress likely to act in the interest before that date.

Cuomo said he is pushing for action at the federal level.
“We need the federal government to waive the costs,” he said. “I am advocating that they do.”

In a statement, Sen. Charles Schumer, DN.Y. said the federal government should consider the removal of other taxes to subsidize the cost for companies.

“When considering how to ease the burden of the surcharge of unemployment, I think we should recreate the bipartisan proposal to eliminate the payroll tax for small businesses that are hiring new employees,” said Schumer. “It would be a shot in the arm for local businesses, and the savings would more than cover the cost of the surcharge.”

Michael Durant, state director of the National Federation of Independent Business, said the time that the surcharge was “disappointing.”

“It’sa great success for my members,” said Durant. “Every time there is a bill that is unexpected, with limited time to return the money, it’s a problem.”

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