Cuomo Presents 2013-2014 Budget
Albany, NY (WIBX) – Governor Andrew Cuomo has unveiled his 2013-2014 budget proposal.
The nearly $135 billion plan is less than a two-percent increase over last year’s budget and closes a $1.35 billion deficit.
There is no tax increase in the spending plan.
The governor says it imposes fiscal discipline on the state.
The budget includes funding for expanded pre-kindergarten programs, and funding to expand the school day.
Cuomo says New York is now known for both fiscal responsibility and social progress.
The budget includes an increase in the minimum wage from $7.25 to $8.75 an hour.
Also included is a vision for the rebuilding of areas of the state hit hard by Hurricane Sandy.
The fiscal year begins April 1st.
If the legislature passes a budget by then it will be the third year in a row that New York has had an on-time budget.