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New York News
Wed March 27, 2013
NY Senate approved budget
After an all night session, the New York State senate approved a $136 billion budget.
The Assembly is planning to vote on the budget tomorrow and if it is passed, it will be the third time in a row the state has met its deadline.
The budget would raise the minimum wage to $9 over three years and offers a $350 rebate to families with children. It includes a tax credit to businesses that pay the new minimum wage and will also increase school aid by about $1 billion.
Long Island school districts will receive a collective $121 million increase in school aid. That’s more than 5 percent on average.
The 2013-14 spending plan would increase to about $136 billion.