Cuomo to deliver state budget

Associated Press

Updated: Jan 22, 2013 9:17 AM

ALBANY, NY (AP) — Gov. Andrew Cuomo is set to present his third state budget in a slow economic recovery with lagging tax revenues.

Cuomo's previous state budgets had to contend with deficits totaling more than $10 billion because of drastically reduced tax revenue during the recession. He currently faces a projected deficit of over $1 billion.

Cuomo has again told state agencies to plan for no or little spending increases over the current budget totaling about $133 billion.

School aid is already budgeted for a 4-percent increase although Cuomo's budget is expected to increase that to pay for added security at schools under his gun control act signed into law last week.

State Comptroller Thomas DiNapoli says tax collections remain below the latest estimates.

Cuomo's budget presentation is set for Tuesday afternoon.
 

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