This a major victory for New York’s new governor.
Late budgets became a major problem in New York State for Andrew Cuomo’s father Mario, who had three terms running NYS, but the younger Cuomo has delivered!
It seemed highly doubtful when Andrew Cuomo vowed he would close the 10 billion dollar budget gap with no new tax hikes or borrowing, but that is exactly what he has done.
Gov. Cuomo and lawmakers announced agreement Sunday on a $132.5 billion spending plan, clearing the way for the state's first on-time budget since 2006.
The budget calls for a 2% decrease in overall spending and closes a $10 billion deficit – without any new tax hikes or borrowing.
"It is a big deal when this state passes a budget on time," Cuomo said after striking the deal.
"It's an exceptionally big deal when the state passes a budget on time under these circumstances."
Aside from a handful of changes, the agreement largely looks like and mirrors the spending plan Cuomo proposed on February 1 and represents a significant victory for the freshman governor.