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NY gov presents his state budget with no tax hike
NY governor presents state budget with no tax hike, more money for public schools, hospitals
By The Associated Press

ALBANY, N.Y. (AP) ' New York Gov. Andrew Cuomo says his mostly flat budget proposal of about $132 billion is a tool for shaping a new future for the state.

His proposal would increase state spending by 2 percent, or about $89 million. But the overall plan, including federal funding tied to state spending, is a fraction of 1 percent lower than the current budget, and it would eliminate a $2 billion deficit.

Cuomo's plan calls for using $1.9 billion in revenue from a "millionaire tax" approved in December and making just over $1 billion in cuts. The proposal presented Tuesday would also merge some state agencies.



Cuomo also wants a less costly pension tier for new hires that would save state and local governments billions of dollars in employer payments over 30 years.


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