1	Eyes on the Future David Wallace Mayor of Sugar Land
2	Current Environment in Upstate New York Anemic Job Growth Stagnant Incomes Declining Population High Taxes and Spending High Electricity Costs High Worker’s Comp Lobbying Groups Hinder Progress Source – Unshackle Upstate
3	Economic Development Drivers Taxes – Applies to Everyone Time – Applies to Everyone Transportation Labor Utilities Location Incentives – Least Important
4	Business Turnaround Strategies Raise Revenues Reduce Expenses Improve Balance Sheet Attack Deterrents Execute Change Strategy Market Repositioned Strengths
5	Current New York Tax Policy Overall State Ranking – 50^th Marginal Personal Income Tax Rate – 50^th Wage Incentive Rate – 50^th Property Tax Burden – 50^th State and Local General Sales Tax – 45^th Source - Laffer State Competitive Environment
6	Raise Revenues with Tax Reform Proposed Flat Rate Tax for Georgia Flat tax Will Replace Current State and Local Tax Eliminates 9 Taxes Simplifies Tax System Each Taxpayer Will Pay Taxes at the Same Rate Generates More Revenue Generates Stable Revenue Works Best (Low Flat on Broad Base) when Compared to Highly Progressive, High Rate Taxes
7	Reduce Expenses / Improve Balance Sheet Public / Private Partnerships City of Sugar Land - NCPPP Water Management Wastewater Management Solid Waste Disposal Tax Collection Transportation Public Works Public Safety Technology Infrastructure Real Estate Development City of Waco Waco Town Square
8	Repositioning Upstate New York Rise of the Creative Class - Culture Unshackle Upstate NYSTAR Regional Partnership (Broaden Scope) Empire State Development Corporation Empowerment Zone POLITICAL WILL
9	Eyes on the Future David Wallace Mayor of Sugar Land