NY state budget agreement on track and time — again

cuomo
Gov. Andrew Cuomo and state leaders announced an agreement on the budget Thursday. Credit: Andrew Harrer/Bloomberg News

Gov. Andrew Cuomo and top lawmakers outlined Thursday an agreement for the state budget that closes a $1.3 billion gap with no new taxes or fees.

This budget, if it passes by the April 1 deadline, will be the third consecutive on-time or early budget under the Cuomo administration.

New York has not had a budget on track this far in advance of the deadline since 1976. The last time there were three consecutive on-time budgets was in 1984.

The budget affords $1.125 billion in new tax cuts to middle class families over three years, as well as a new child tax credit of $350 per year for three years for families earning between $40,000 and $300,000.

It also includes nearly $800 million over three years in tax breaks for businesses, a move the lawmakers hope will “help reverse New York’s longstanding reputation as the tax capital of the nation.”

Just as the New York City Council recently approved a measure to help veterans get licensed for employment when they return home, the state budget adds additional incentive for hiring those just home from serving: a permanent tax credit for hiring veterans.

Lawmakers have also allocated $181 million in tax credits over three years for businesses hiring young people, and the minimum wage is set to increase to $8 per hour by the end of this year, and ultimately to $9 by the end of 2015.

Some more experimental education initiatives are receiving a support from the Capitol, including $4 million for early college high school programs, like Bard High School Early College on the Lower East Side in Manhattan, once of the first such programs established in partnership with Bard College and the Department of Education in 2001.

Another $15 million is going to “an innovative program designed to transform schools into community hubs that integrate social, health and other services, as well as after-school programming to support students and their families,” a seemingly salient allocation in light of the calls for more community programs for young people in areas like East Flatbush, where violence broke out last week following the shooting of allegedly armed 16-year-old Kimani Gray by plainclothes NYPD officers.

Follow Danielle Tcholakian on Twitter @danielleiat


News
Entertainment
Sports
Lifestyle
National

Rapper affiliate of Wu-Tang Clan 'cuts off own…

Rapper Andre Johnson, who has performed with New York outfit the Wu-Tang Clan, is in a critical condition after reportedly cutting off his own penis…

National

Cleavage complaint: Disneyland staffer orders curvy mom to…

A curvy mom-of-three says she filed a formal complaint after staff at Disneyland Resort in California ordered her to cover up her boobs. Melissa Behnken,…

International

Canadian charged in 'Heartbleed' attack on tax agency

OTTAWA (Reuters) - Canadian police have arrested a 19-year-old man and charged him in connection with exploiting the "Heartbleed" bug to steal taxpayer data from…

National

Every dog has his day in court, in…

(Reuters) - Call him juror K-9.A computer glitch is likely to blame for a summons that called a German Shepherd to report for jury duty,…

Television

‘Survivor: Cagayan’ recap: Episode 8

Sure, it's called Survivor. But this season should really be called 'The Tony Show.'

Television

Jim Rash talks 'The Writer's Room' and amazing…

For Jim Rash, as the fifth season of "Community" comes to a close, the second season of "The Writer's Room" begins.

Going Out

Tasty chicken and waffles in NYC

Try some soul food goodness around the city.

Television

'Dexter' star Jennifer Carpenter moves into producing role

The actress who played the title character's sister in "Dexter" is teaming up with producer George Stelzner to adapt Erika Hayasaki's book "The Death Class:…

NBA

Knicks wrap up season with win over Raptors

The Knicks wrapped up their season as it began — undermanned — but that still didn’t deter them from ending it the right way.

MLB

Adam Warren closes out doubleheader sweep for Yankees

Adam Warren navigated a tricky ninth inning earn the Yankees a 2-0 victory over the Cubs.

NHL

Marc Staal healthy, eager to contribute to Rangers…

Marc Staal remembers the feeling of helplessness watching his teammates compete for hockey’s ultimate prize and being unable to contribute.

NFL

2014 NFL Mock Draft: Updated, new April version

2014 NFL Mock Draft: Updated, new April version

Wellbeing

This Week in Health: chocolate may prevent obesity…

Can chocolate prevent obesity and diabetes? Location of study: U.S. Study subjects: Mice Results: The positive health benefits of chocolate have been studied increasingly more…

Wellbeing

This Week in Health News: breastfed infants trying…

Are breastfed infants trying to prevent mom from having another baby? Theory: The act of breastfeeding not only brings mom and baby closer together –…

Wellbeing

Unexplained infertility may be caused by lack of…

Researchers have identified a protein on the egg's surface that interacts with another protein on the surface of sperm, allowing the two cells to join.

Tech

5 surprising facts about Google Glass

Your sex life could get more interesting.