Assembly Budget Proposal
From the NYS Assembly • Sheldon Silver, Speaker
Herman D. Farrell Jr., Chair, Ways and Means Committee
|New Yorkers benefit under Assembly budget|
The Assembly has unveiled a budget plan that makes significant investments in New York’s future while rejecting the most harmful parts of the governor’s budget.
The Assembly’s proposal clearly lays the foundation for better schools, access to affordable health care, relief for taxpayers and a better future for New York’s working families. For 12 years, the Assembly Majority has stood up to the governor’s wrong choices and drastic budget cuts – and this year is no exception. The Assembly will fight for a final state budget that truly invests in New York’s future.
Assembly invests in education and health care – while providing $2.4 billion in tax relief
The Assembly is on track to deliver a fair, on-time budget for the people of this state. The Assembly’s budget provides children with the tools they need to succeed by increasing education funding by $1.33 billion over last year – or $768.5 million over the governor’s proposal.
The Assembly’s budget recognizes that colleges and universities are the gateways to opportunity and rejects the most harmful parts of the governor’s budget – restoring almost $320 million in state support to local colleges and universities and rejecting the governor’s tuition hike at SUNY and CUNY.
The Assembly Majority’s budget delivers $2.4 billion in real tax relief for hard-working families with the “Doing More For More New Yorkers” tax cut plan that includes:
The Assembly’s budget makes sure working families have access to – and actually receive – the health care they need by rejecting over $1 billion of the governor’s $1.3 billion in Medicaid cuts by restoring $644 million in state funding, adding another $260 million for restorations and additions to Medicaid and other public health programs for total health care spending of $904 million, and rejecting his proposal to make a 6 percent sick tax on nursing homes permanent.
The Assembly’s budget also includes a jobs plan that uses targeted tax breaks, investments in education and research, and a focus on New York’s burgeoning high-tech industry to repair the legacy of dismal economic leadership provided by Gov. Pataki.
Assembly fights for a fair, responsible and on-time budget
The Assembly Majority is taking the lead when it comes to defending working families – and taking a stand against the governor’s wrong budget choices. Every New Yorker deserves a fair, responsible and on-time budget. During the upcoming budget process, the Assembly will work to ensure we achieve that goal.
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