Last Monday, state lawmakers passed their fourth consecutive on-time budget after an all-day voting session. The Assembly passing the spending plan’s final bill shortly after 11 p.m.
Both the Senate and the Assembly passed the $137.9 billion budget over a period of more than 12 hours Monday, enacting a plan that implements a $1.5 billion property-tax rebate program, increases education funding by $1.1 billion and delays aspects of the Common Core education standards. It also reduces taxes on the state’s manufacturers, puts in place a test program for public campaign financing in this fall’s race for State Comptroller, and enacts other anti-public corruption measures intended to restore the public’s trust in state government. [Read more about these measures, and reaction to them, in our Lobbying, Ethics and Election Law Compliance blog.]
Gov. Cuomo, who dubbed the state’s fourth consecutive on-time budget a “grand slam,” signed the budget bills into law on Tuesday. Read Gov. Cuomo’s statement on the budget passage, which also has his list of budget highlights.
In his statement, Gov. Cuomo said:
“This budget builds on the State’s progress over the past three years in order to grow the economy and create new opportunities for New Yorkers and their families. This budget maintains the fiscal discipline that has characterized the last three years of progress by holding the growth in spending below two percent, while also making broad tax cuts that will help homeowners and businesses thrive. It also contains targeted investments that will transform our schools, ensure safer, cleaner, and fairer communities, and restore the public’s trust in government.”
In a clear indication that this budget takes meaningful steps toward making New York more affordable for both businesses and taxpayers, the Working Families Party (WFP) is unhappy with it. The union-affiliated political party is calling it “Gov. Cuomo’s Inequality Budget.”
We’ll just have to agree to disagree with WFP.