Today's news that New York's credit rating has been raised to AA+ from AA by Standard & Poor's is further proof that our economic development strategy is working and our economy is growing stronger. With the leadership of Governor Cuomo, our efforts to eliminate the deficit, develop a job creating economic plan and restore equity to our tax code are paying big dividends for the people of this state. The careful consideration and implementation of our recent state budgets have put us on a sound fiscal path. Working with the Governor and our partners in the Senate, we have guided this state through difficult financial times, and today's credit rating upgrade sends a loud and clear message that the Empire State is open for business.