NY Gov To Present State Budget With No Tax Hike

By Salon Staff

Published January 17, 2012 6:00PM (EST)

ALBANY, N.Y. (AP) — New York Gov. Andrew Cuomo will present lawmakers a $132 billion state budget that calls for a slight spending increase but doesn't raise taxes.

State spending would rise by about 2 percent under Cuomo's plan for the fiscal year that begins April 1.

The governor is proposing no new or higher taxes or fees, but instead calls for spending about $2 billion from the "millionaire tax" increase on New York's top earners adopted in December.

It includes $1.4 billion in increases for public schools and for hospitals and health care facilities through the Medicaid health care system.

Cuomo also wants a less expensive retirement system for new hires in state and local government jobs.

Additionally, he's proposing to withhold state funding from school districts that don't enact tougher teacher evaluations.

Salon Staff

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