Brindisi Urges Gov. To Stop Business Fees To Pay Loans
Utica, NY (WIBX) – Assemblyman Anthony Brindisi is urging Governor Andrew Cuomo to stop charging state businesses a fee in order to pay for New York’s unemployment insurance program.
According to Brindisi, this is the second year businesses have had to pay to cover the state’s interest costs, in excess of $100 million. This trickles down to businesses, who pay up to $12.75 per employee to pay the interest rate costs.
Brindisi says, “requiring businesses to cover the cost of loans taken out by the state is onerous and simply unfair.”
He also says the 30 day time limit to pay the fee is unfair and there is no process to extend the deadline.
During the last three years, New York has taken out $4 billion in loans to pay for unemployment insurance.