Mixed Reaction in the Southern Tier to Tax Free NY
The Greater Binghamton Chamber of Commerce is taking a cautious approach in its reaction to New York Governor Andrew Cuomo's plans to local tax free zone for start-up businesses on SUNY campuses.
In a statement from Chamber President and CEO, Lou Santoni, the group takes a wait and see position. Santoni called the proposal "a bold plan to connect entrepreneurs and start-up businesses with the exciting work happening at Binghamton University and Broome Community College." He said, however, there are serious concerns about the impact on existing businesses.
In the days following the governor's announcement, including after a visit to Binghamton University, may business owners and residents have expressed outrage at the idea of some companies and individuals being excused from paying taxes while many more are paying their full income, business and other taxes.
The Civil Service Employees Association has purchased a barrage of radio ads blasting Tax Free NY while the governor appears in numerous television ads touting the exonomic benefits of the program.