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Cuomo, 2014-15 NY State Budget Agreement Reached

Billy Joel Holds Press Conference At Madison Square GardenWe just received an e-mail from the office of the Governor Coumo stating that an agreement has been reached on the 2014-15 State Budget that holds spending growth below two percent for the fourth consecutive year ..… continuing a record of fiscal discipline that has reversed decades of state budgets where spending grew at a higher rate than inflation or personal income growth.

The Budget includes:

  • $1.5 billion in property tax relief for Harlem and New York state homeowners that is linked to and conditioned on approved plans for local governments to become more efficient.

In addition, the Budget puts forward the state’s largest investment in education to date, including:

  • An increase of more than 5% in school aid (increases tuition funding for charter school students and $2 billion in tech smart schools)
  • Statewide, universal full-day Pre-k
  • A bond act to modernize classrooms
  • Signature reforms to fix Common Core implementation and protect students from unfair high stakes test results, as well as strengthen and support Charter Schools

Investments included in the Budget:

  • Will make Harlem and New York safer by strengthening penalties to crack down on texting-while-driving,
  • Make Harlem and New York cleaner by growing the Environmental Protection Fund, and
  • Make Harlem and New York fairer by allocating funding to help raise the age at which juveniles are tried.

The agreement paves the way for final passage of the 2014-2015 State Budget.

The Governor stated that, “Working together over the last four years, we have put people above politics, building a stronger New York. With all of the arrows pointed in the right direction, we know our best days are ahead.”

Find out more about the Budget at governor.ny.gov.

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