Dear Friend,
From his first day in office, Governor Cuomo has been committed to putting New York on sound financial footing and building a sustainable future for our state. Now we are one step closer to that goal.
Yesterday, Standard & Poor's Ratings Services revised its outlook for New York State, raising our outlook from "stable" to "positive." According to S&P, this revision was based on New York's "movement towards structurally balanced budgets." In less than two years, New York has eliminated over $75 billion in cumulative deficits and passed two on-time, balanced budgets.
Thisannouncement by S&P shows that New York is on the right track. By controlling spending, eliminating government waste and inefficiency, and holding the line on taxes, we are building a new New York -- a New York where businesses, large and small, can prosper and provide good jobs for our people.
Thank you,
Andrew Cuomo Committee