Gov. Cuomo Outlines How He Plans on Spending State's Money

Gov. Cuomo Outlines How He Plans on Spending State's Money

We now know how much all the programs proposed by Governor Andrew Cuomo will cost.
ALBANY, N.Y. -  We now know how much all the programs proposed by Governor Andrew Cuomo will cost.

In his budget address Tuesday, he detailed parts of 2014/2015 executive budget. It comes in at $137 billion.

The budget is a 1.3% increase from the year before. It includes several tax ideas including a property tax freeze, a renter's tax credit, and cutting the upstate manufacturing corporate income taxes to zero.

"This would is a balanced package and it's not a package that has been put together to provoke. It's been put together to pass," Gov. Cuomo said.

Cuomo again pushed for New York to become the 4th state in the nation to offer universal full-day pre-k. He says the state will pick up the cost, estimated at $1.5 billion dollars over 5 years.

On Monday, the legislature will start hearings on the budget.
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