State passes budget ahead of deadline

Leave a comment
New York State approved its budget on time for the third year in a row.Photo courtesy of Governor Cuomo's Flickr
New York State approved its budget on time for the third year in a row.

Lawmakers in Albany, for the third straight year, passed an on-time budget last night when the Assembly approved the 2013-14 fiscal plan.

Governor Andrew Cuomo in a video to New Yorkers touted its early approval as a sign that New York was on its way back after years of dysfunction.

“My friends, it is springtime and things long dormant show new life and rebirth,” he said. “That’s how I feel about our great state. New York is coming back. New York is rising and we are building on our strengths.”

The budget was approved well ahead of the April 1 deadline, which is the start on the 2013-14 Fiscal Year. In past years, the budget was often weeks, if not months, behind schedule.

Senators approved the budget during a late night session that carried into Wednesday morning. After a day’s worth of debates, the Assembly voted to approve the budget just before midnight Thursday.

Middle class families will get their second year of tax cuts, Cuomo said. This, along with public-private partnerships, is part of New York’s low-tax, business friendly initiatives, he added.

“Not since Jackie Robinson played for the Brooklyn Dodgers have taxes in this state been so low,” he said.

 

RECOMMENDED STORIES