budget negotiations

NY leaders meet, continue talks on state budget

Mar 18, 2013

New York Governor Andrew Cuomo and legislative leaders hope to announce an agreement on the third straight on-time budget.

But in Albany budget negotiations, all deals hinge on the final one. After closed-door meetings Sunday, all sides claim they are a good distance apart.

Some difficult sticking points are whether to raise the minimum wage to as much as $9, whether to adopt business tax cuts, and whether to extend a "temporary" income tax increase for the second time.