The president and CEO of the Buffalo Niagara Partnership Grant Loomis is sharing his thoughts on the proposed 2027 fiscal budget.
Loomis details how the budget totals $260 billion, with an $8 billion increase from the current state budget. He expresses concern over the state’s increasing spending, noting a $70 billion increase since 2019, despite a declining population. Loomis praises the absence of new climate mandates, emphasizing the need for affordable and reliable energy.
He also supports the governor’s commitment to nuclear energy and criticized potential increases in corporate taxes, highlighting New York’s high corporate tax rate and the need to attract business investment.
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.