March 11, 2026
Several New York business organizations issued this joint statement following proposals by the New York State Legislature to raise taxes on New Yorkers.
The following is attributable to: The Bronx Chamber of Commerce, The Brooklyn Chamber of Commerce, Building Owners and Managers of Greater New York, The Business Council of New York State, Five Borough Jobs Campaign, Hotel Association of New York City, The Manhattan Chamber of Commerce, National Federation of Independent Business (NFIB), National Supermarket Association, New York Apartment Association, New York Building Congress, New York State Association of Realtors, New York State Builders Association, The Partnership for New York City, Queens Chamber of Commerce, The Real Estate Board of New York, Small Property Owners of New York, The Staten Island Chamber of Commerce and Tech:NYC.
“New York City’s business community stands united in strong opposition to tax increases as part of the State budget under negotiations. New York is the highest tax and spending jurisdiction in the country and New Yorkers already pay among the highest individual, business, and property taxes. This is particularly true in New York City, which is home to the nation’s highest individual, business, and real estate tax rates. The Governor’s Executive Budget prudently recognized this reality. The legislative one-house budgets do not. These ill-advised proposals will only make it harder for families and businesses to live and grow in New York City, deter investment, and continue New York’s electoral decline due to its tax and fiscal policies.”
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