The President and CEO of the Business Council of New York State Heather Mulligan discusses Gov. Kathy Hochul’s $260 billion fiscal budget for 2027. Mulligan talks about how the budget focuses on safety, infrastructure and affordability. She praises the budget for not introducing new taxes and for incorporating three out of four recommendations from the Business Council and Economic Development Council, including regulatory reform and zoning reform. Mulligan expresses concern about the extension of the 7.25% corporate franchise tax into 2029 and highlighted the state’s high tax burden. She also notes the importance of Medicaid funding and the potential impact of federal uncertainty on New York’s budget.
You can watch the full interview above. And be sure to tune in for a look inside the biggest issues impacting upstate New York, on In Focus with JoDee Kenney — every Sunday on Spectrum News 1.