Cuomo set to outline $132B NY state budget

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Credit Pat Arnow

ALBANY, N.Y. (AP) — Gov. Andrew Cuomo is set to detail his budget proposals for the state's 2013-2014 fiscal year beginning April 1.

He's expected to propose about $132 billion in spending and attack a deficit of at least $1 billion as the state deals with the aftermath of superstorm Sandy and tax collections lagging behind projections.

His afternoon address in Albany on Tuesday will include plans to pay for initiatives he outlined in his state of the state speech earlier this month, notably in education and economic development.

Other topics are likely to include the expanded casino gambling Cuomo has said he'd like voters to approve as a potential new source of state revenue and hydraulic fracturing for natural gas, another possible revenue source that hasn't yet been approved by state regulators.