Cuomo, Lawmakers Reach $175.5 Billion Budget Deal

City & State New York

Gov. Andrew Cuomo and state lawmakers have reached a $175.5 billion budget deal.

The final deal, announced early on Sunday morning, includes congestion pricing, a permanent cap on local property tax increases, bail reform and a plan for publicly-financed political campaigns, which had been the final hurdle. An approximately $1 billion increase in education funding, reforms to the MTA and a codification of parts of the Affordable Care Act also made it into the budget, while marijuana legalization did not…

Budget Highlights Include:

Invests in Clean Drinking Water: The FY 2020 Budget will invest an additional $500 million in clean water infrastructure, building on the State's historic $2.5 billion investment.

Renews Record Funding for the Environmental Protection Fund: The Enacted Budget includes record funding of $300 million, the highest level of funding in the program's history.

To read the full article, visit cityandstateny.com.

 

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