Advertisement
 
Tuesday, March 31, 2015
Amsterdam, NY ,
Advertisement

State passes on-time budget

Saturday, March 30, 2013 - Updated: 4:11 PM

ALBANY (AP) -- With three days to spare, New York has adopted its third straight on-time budget.

That hasn't been done in 30 years, and lawmakers, Gov. Andrew Cuomo and legislative leaders said it shows how well state government now functions. Further proof, they said, is that the $135 billion budget holds spending increases to less than 2 percent for the third consecutive time, without hikes in taxes or fees.

"New York is coming back," Cuomo said in a video message Friday. "New York is rising and we are building on our strengths."

He and legislative leaders called it a family-friendly, business-friendly, and middle-class-friendly budget. Although there are no new taxes, the budget is built on extending two temporary taxes that were due to expire -- an income tax surcharge on millionaires and a business tax on energy costs.

The Assembly late Thursday gave final legislative approval to the budget, and the Senate approved its bills early Wednesday. The budget was not due until Sunday, the start of the new fiscal year.

The streak of on-time budgets began after former Gov. David Paterson uncovered a new power for governors to impose their budget if the April 1 deadline is missed, leaving the Legislature with the politically untenable option of shutting down government.

Major elements include nearly $1 billion more for schools, about a 4-percent average increase, and $350 tax rebate checks that will be sent to most middle class families next year, shortly before Election Day. The minimum wage will rise to $9 over three years, and employers of teenagers in part-time jobs will get a taxpayer-paid subsidy to cover most of the increase.

Businesses will get additional tax breaks including one to encourage the hiring of recent veterans.

"We accomplished a lot of things we wanted to accomplish," said Assembly Speaker Sheldon Silver, who had made raising the $7.25-an-hour minimum wage a priority for two years.

"This reflects an improved, more efficient process between the governor and the Legislature," state Comptroller Thomas DiNapoli said Friday.

The budget includes some one-time revenue, including $7 billion in federal recovery aid following Superstorm Sandy. And that concerns DiNapoli, who said the budget also includes several new provisions that extend the state's reliance on public authority debt.

"New York's debt burden is among the highest in the nation, making the goals of meeting critical infrastructure needs while remaining within the state's debt caps more difficult," DiNapoli said.

The budget process was criticized for continuing Albany's tradition of closed-door negotiations among top leaders with little if any real role for rank-and-file lawmakers, who under a budget reform law were supposed to hash out spending agreements in public.

     

Comments made about this article - 0 Total

Comment on this article

Advertisement
The Recorder Sports Schedule

 

The Recorder Newscast

Most Popular

    New York state Senate again backs legalization of mixed martial arts
    Wednesday, March 25, 2015

    Ovechkin, Chimera lead Caps past Rangers
    Monday, March 30, 2015

    Sheriff's office investigating foreclosure company
    Wednesday, March 25, 2015

    Michael T. Bintz
    Thursday, March 26, 2015

    Benefit scheduled Sunday For second time in five years, local family loses home to fire
    Wednesday, March 25, 2015

    Amsterdam native's wife endorsed for Nevada Senate post
    Saturday, March 28, 2015

    F-FCS athletes Board eyeing tougher rules
    Friday, March 27, 2015

    Best friends in life playing best friends in a high school musical
    Thursday, March 26, 2015

    Man burned by vehicle fire
    Saturday, March 28, 2015

    YMCA is fighting an uphill financial battle
    Wednesday, March 25, 2015

Advertisement

Copyright © Port Jackson Media

Privacy Policies: The Recorder

Contact Us

Twitter

Instagram

Facebook