Gov. Cuomo to present lean NY state budget

By Associated Press

ALBANY, N.Y. (AP) - New York Gov. Andrew Cuomo is presenting a $132 billion budget for the fiscal year beginning April 1.

That makes the overall budget, including federal funds tied to state spending, about the same as the current budget. Cuomo says it
includes about a 2-percent decrease in state spending.

The budget proposed Tuesday contains no new or higher taxes or fees, but instead is built around spending about $2 billion from the "millionaire tax" increase on New York's top earners adopted in December.

His budget includes 4-percent increases for public schools and hospitals and health care facilities through the Medicaid health care system. Those increases total $1.4 billion.

Cuomo also plans longer term measures, including a far less expensive retirement system for new hires in state and local government jobs.

(Copyright 2012 by The Associated Press. All Rights Reserved.)

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