The New York State Society of Certified Public Accountants would like to commend Governor Cuomo on the overriding principals that were applied to formulate his proposed 2012-2013 Executive Budget. When revenues are decreasing, as they are in New York State, it is essential to keep operating costs down—this is a basic premise of budgeting and financial planning that all CPAs adhere to. While the NYSSCPA neither supports nor opposes the methods in which Cuomo aims to reduce the state’s operating costs, what we applaud as CPAs is his stated commitment to do so.

 

New York businesses are our employers and our client base and we see that many of them are suffering from the same fiscal hardships as the state. Governments are not businesses, but the solution to the financial problems of both are the same: prudent fiscal management. Fiscal policy approaches that were used in the past do not necessarily work today. In order for governments and businesses to succeed, the people who run them must set policy that reflects the economic landscape as it is and prepares them for economic challenges in the future. We applaud the governor’s efforts and hope the state Legislature approaches the budget with these same guiding principles.

 

Richard Piluso, CPA

President

New York State Society of Certified Public Accountants