WITH ONE WEEK TO ELECTION DAY, OUR CANDIDATES NEED YOUR HELP

With just a week until Election Day, it is still unclear if the balance of power will shift even further to one side in this state. While this organization does not endorse one political party over another, we recognize that there is always the potential for an even worse business and tax climate to develop.

The mission of NYFG is to support candidates for the New York State Legislature who, regardless of party, will favor and vote for lower taxes, reduced reliance on debt, and reform of State and local government spending practices. Over the last few months, we have made several endorsements of candidates who support these three principles.

There's still time to support these candidates, and we encourage you to do so before it really is too late. To learn more about them, please visit http://www.newyorkersforgrowth.com/candidates-endorsed.asp.

PATERSON: PROJECTED STATE REVENUE SHORTFALLS WORSE THAN IMMEDIATE POST-9/11 ERA

Governor Paterson says the recession and overspending by the state combined with Wall Street's meltdown will result in a record $47 billion deficit over the next four years. The Governor projected shortfalls in revenue compared to spending and debt are worse than the state faced after the Sept. 11, 2001 terrorist attacks. Noting that the state budget has nearly doubled since FY 1994-95, the Governor called for drastic action to reduce spending.

Read the Governor's release here: http://www.state.ny.us/governor/press/press_1028081.html.

WALL STREET WOES SIGNAL NEED FOR MORE DIVERSE ECONOMY

E.J. McMahon has authored a piece in the City Journal that addresses the danger of the state government's growing reliance on Wall Street for revenue and how the loss of diversity in the state's economy has hurt its fiscal well-being. In the article, McMahon says: Instead of hammering what's left of its economy with new taxes, New York needs a bold strategy for promoting growth. Two decades of industrial policy, in the form of targeted economic development grants and public works, haven't revived the upstate economy or stemmed the region's continuing population losses. Paterson should instead propose significant new tax breaks for New York investment-and, to jump-start the upstate economy, something truly dramatic, such as the phased elimination of corporate taxes north of the mid-Hudson region, as the business group Unshackle Upstate has suggested.

To read the full article, visit http://www.cityjournal.org/2008/18_4_new_york_state.html.

New Yorkers for Growth

As a financial crisis grips the nation, fiscal responsibility in our government needs to be priority one. New Yorkers for Growth is committed to fighting the Albany special interests and their reckless, spendthrift agenda, and supporting candidates who stand up for taxpayers.

Our candidates need your support because their message is more important now that ever.

For more information about the PAC and the candidates we are supporting, or to make a contribution, visit www.newyorkersforgrowth.com.