Last week, with the opening of the state’s latest Las Vegas-style casino in Schenectady, Gov. Cuomo touted the new jobs and revenue that the facility will bring.
Unshackle Upstate does not have any objection to commercial gambling, but we have to be careful about relying on the revenues they generate. New York’s casino market is nearing saturation, and we know that another result of the opening of these facilities will be more problem gamblers.
While they do generate revenue for local governments and create some jobs, casinos are not the type of long-term, sustainable economic development that Upstate New York needs. What we need is a business environment that encourages businesses to invest and create good jobs. To that end, we must work to reduce the state’s too-high tax rates — whether it is property taxes, income taxes, sales taxes or other fees, these high costs put Upstate New York’s businesses at a competitive disadvantage with competitors elsewhere in the United States and across the globe.