Home Government Assembly set to vote on budget

Assembly set to vote on budget


If all goes as planned, New York state’s budget will be approved on time.

The state Assembly is voting on the $135 billion budget today and could finish by tonight or Friday.

The budget includes a $350 tax rebate for families, increases school aid by $1 billion and incrementally increases the minimum wage to $9 an hour by the end of 2015. The current minimum wage is $7.25 an hour.

The wage hike comes with a tax credit for employers that could cover $1.35 of the increase.

The budget increases spending by less than 2 percent. It includes $28 million to develop a gun permit database as part of New York’s tough new gun laws.

The state Senate approved the budget early Wednesday morning . The budget must be signed into law by Gov. Andrew Cuomo.

New York’s 2013-2014 fiscal year begins April 1.

Print Friendly, PDF & Email


Please enter your comment!
Please enter your name here