N.Y. lawmakers, Governor Cuomo, strike budget deal before Monday vote

New York State Governor Andrew Cuomo smiles as he pauses during his fourth State of the State address from the New York State Capitol in Albany, New York(Reuters) – New York state legislators and Governor Andrew Cuomo reached a deal on the state’s 2014-15 fiscal year budget after several weeks of negotiating behind closed doors, according to state officials on Saturday. The $137.9 billion budget keeps growth in all spending levels below 2 percent and provides funding for statewide pre-kindergarten programs. It also cuts business taxes and introduces property tax relief for homeowners, Cuomo said on Saturday. The agreement came after budget bills were printed late on Friday, allowing state lawmakers to vote on the plan on Monday, the last day of the state’s financial year.

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