New York’s Fiscal Year Starts With no Budget
The New York State budget has missed the April 1 12:01 a.m. deadline for the start of the fiscal year.
The Senate was planning to work into the early morning hours passing budget bills, while the Assembly planned to get back to work later in the morning on the individual portions of the $156 billion spending plan that includes an eventual increase in the minimum wage to $15 an hour.
At 5:15 p.m. March 31 the Assembly authorized transferring $10 million from the workers’ compensation fund to implement paid family leave for New Yorkers to care for a sick relative or a new child.
The Senate began debating the budget at 5:30 p.m. according to an Associated Press timeline and leaders said the spending plan includes a $1 billion in middle-class tax cuts.
At 9:45 p.m., Governor Andrew Cuomo announced that a complicated agreement had been reached for the increase in the minimum wage while Cuomo administration officials announced at 10:15 p.m. that the paid family leave measure had made it through.
As the midnight deadline loomed, $24.8 billion in aid to public schools gets the nod. That’s a $1.3 billion dollar increase for schools.
12:30 a.m. April 1, the talking and voting continue and the New York State Budget is officially late.