Advertisement
 
Thursday, May 26, 2016
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
Subscribe to The Recorder

 

The Recorder Sports Schedule

Most Popular

    Area high school sports calendar
    Wednesday, May 25, 2016

    GASD board approves veterans tax exemption
    Friday, May 20, 2016

    Janet Louise Tesiero
    Saturday, May 21, 2016

    Aldermen eye cutting city's funds for library
    Saturday, May 21, 2016

    A job well done: 474 graduate from F-MCC during Friday's commencement
    Saturday, May 21, 2016

    Drinking water may remain off for year at three schools
    Friday, May 20, 2016

    Alan Young, star of 1960s sitcom 'Mr. Ed,' dies at 96
    Monday, May 23, 2016

    Jane Potts
    Saturday, May 21, 2016

    Cheryl Reese recognized as 30-year employee for county
    Wednesday, May 25, 2016

    Council to ID skills community colleges need to emphasize
    Tuesday, May 24, 2016

Advertisement

Copyright © McClary Media, Inc.

Privacy Policies: The Recorder

Contact Us

Twitter

Instagram

Facebook