Governor Cuomo, Legislature agree to tentative budget

ALBANY, N.Y. (AP) - Governor Andrew Cuomo is sealing a deal with the Legislature on a tentative $132.5 billion state budget that would be historic for its spending cuts as well as its timeliness.

Cuomo says the budget will set New York on a new course after decades of overspending and overtaxing that have driven residents
out of state for better opportunities. It would reduce spending overall by more than 2 percent.

The Legislature still must pass the voluminous budget bills this week. In past years, tentative deals have fallen apart after lawmakers, lobbyists and reporters pick apart deals struck in closed-door negotiations.

But the 2011-2012 budget that Cuomo, Senate leader Dean Skelos and Assembly Speaker Sheldon Silver stood behind Sunday would be
nearly identical to the proposal Cuomo presented February 1.

The budget also addresses a $10 billion deficit. It is due Friday.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

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