Tools

New York Legislature agrees to state budget, school funding to remain flat

By By THE ASSOCIATED PRESS

ALBANY, N.Y. (AP) - Assembly Speaker Sheldon Silver says New York's Legislature has agreed to a 2009-10 state budget that will
keep school funding flat, restore aid to New York City, and includes increased income tax rates for wealthier New Yorkers.

The agreement announced just before midnight Sunday also includes some restoration of proposed cuts in health care and in higher education and includes a bigger bottle law, putting nickel deposits on bottled water under the measure that currently covers only carbonated drinks.

The powerful Manhattan Democrat tells The Associated Press that the spending plan will likely be adopted Tuesday, resulting in an on-time budget.

There is no total yet for the budget but it will include $5 billion in spending cuts and use $5 billion of the federal economic stimulus package.

(Copyright 2009 by The Associated Press. All Rights Reserved.)

What's On