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Tuesday, January 22, 2013

Cuomo Budget Includes No New Taxes

Governor Andrew Cuomo today proposed a $137 billion state budget that would increase spending by about 2 percent, but would not increase taxes.

The budget proposal provides 4.4 percent more aid to schools and would fund his proposal to improve instruction, including longer school days and school years. Cuomo also mentioned the $60 million deal the state made to keep the Buffalo Bills in New York. The state will contribute to renovating Ralph Wilson Stadium and to annual support for the operation.

“All I can tell you is that for $60 million the Bills better win this year, my friends,” Cuomo said, smiling. “Talk about performance funding.”

The proposal now goes to the Legislature, where hearings will be held on many of the items in the budget. Cuomo and Legislative leaders will then try to negotiate a final budget plan by the April 1 start of the fiscal year.

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