State Budget Deal In Place
Albany, NY (WIBX) - It looks like New York state will have an on-time budget this year.
Governor Cuomo, Assembly Speaker Sheldon Silver and Senate Majority Leader Dean Skelos have come to an agreement on a framework budget.
The $132 million spending plan is a two-percent reduction from last year.
It restores $272 million in education funding the governor has originally cut.
The budget eliminates a $10 billion deficit without increasing taxes or borrowing and no new millionaire’s tax.
Some state prisons will be closed, while a plan to cap medical malpractice awards was scrapped.
A final budget will have to be passed before the end of the week.