Cuomo, legislative leaders announce agreement on NY budget
Record setting spending plan includes legalizing mobile sports betting, nursing home reforms and a plan for affordable broadband Author: WGRZ Staff Updated: 7:51 PM EDT April 6, 2021
NEW YORK New York Gov. Andrew Cuomo, along with Senate Majority Leader Andrea Stewart-Cousins and Assembly Speaker Carl Heastie announced Tuesday afternoon that an agreement has been made on the state budget.
The budget, which is late this year, is a record setting spending plan of $212 billion, $35 billion higher than last year s budget.
Lawmakers are expected to meet into Tuesday night to adopt the budget.
According to the governor s office, the following items are included in the final FY 2020 New York State Budget:
Kathy Whyte/ WNBF News
The $212-billion deal spends a record amount on school aid and infrastructure upgrades, including expanded broadband, legalizes mobile sports betting and provides a billion dollars in COVID relief for small businesses, arts, entertainment and restaurants.
Governor Andrew Cuomo, Senate Majority Leader Andrea Stewart-Cousins and Assembly Speaker Carl Heastie April 6 announced the agreement would spend $3- billion dollars more in aid to schools for a total of $29.5-billion, $29-billion on public and private green economy investments, $2.9-billion for homeowner and rent relief, a plan for affordable broadband internet, legalizing mobile sports betting and putting in place a blueprint for nursing home reform while closing the deficit fueled by last year’s pandemic and offering COVID 19 small business recovery grants, $25-million to support restaurants that provide meals to distressed and under-represented communities, up to $35-million in return-to-work tax cred
FILE PHOTO The Capitol building in Albany. Six days after it was due, Gov. Andrew Cuomo and New York State’s legislative l
eaders announced a final agreement on a $212 billion dollar budget deal. It increases taxes on the wealthy and adds funds for schools, renters and small businesses including restaurants that struggled financially during the COVID-19 pandemic.
The Senate and Assembly held a marathon session that was expected to last well into Tuesday night to approve the budget bills.
The budget increases taxes on the wealthy and corporations by $4.3 billion when fully implemented, with an increase in the personal income tax rate on New Yorkers making more than $1 million from 8.82% to 9.65%. It adds two new higher tax brackets 10.3% for those making over $5 million, and 10.9% for those earning over $25 million. Corporate franchise ta
by Steve Bittenbender, The Center Square contributor | April 07, 2021 01:00 PM Print this article New York officials announced Tuesday afternoon that they reached a formal agreement on a $212 billion budget for the 2021-22 fiscal year.
The agreement comes six days after the fiscal year began, with remote negotiations prompted by the COVID-19 pandemic blamed as a primary reason for the lengthy delay.
The state’s spending plan includes a record $29.5 billion in funding for the state’s schools. Other priorities include $2.4 billion for rent and homeowner relief, another $2.4 billion for child care, $2.1 billion for an excluded workers fund and $1 billion for small businesses.
A bill to restore the voting rights of people on parole is moving through the New York State Legislature and could land on Governor Andrew Cuomo s desk this spring, according to the bill s Assembly sponsor. Assemblymember Daniel O Donnell told Gotham Gazette the legislation, which was passed in the State Senate in February, is likely to pass the Assembly soon after the state budget is finalized. I expect our house to take up the bill shortly. What does shortly mean or what does soon mean depends on when the budget is moved, said O Donnell, a Democrat representing parts of the Upper West Side and Harlem, in a phone interview Monday. As of Tuesday afternoon, the Legislature appeared on track to pass all the necessary state budget bills by the following day.