On Tuesday, January 16, Gov. Andrew Cuomo announced his proposed budget for the state fiscal year that starts April 1. The tax bill recently approved in Washington, and the need to close a more than $4 billion budget gap have set the backdrop for a challenging budget year. In spite of this, Governor Cuomo presented a budget with a mixed bag of proposals: some good, and some bad.
This week, the Senate and Assembly passed their respective one-house budget bills, marking the beginning of three-way negotiations. They have announced their intent to pass a budget by March 29th, in hopes that they can finish the budget before Easter and Passover. » Continue Reading.