Cuomo, Legislature promise tax cuts in NY budget - Fox 2 News Headlines

Cuomo, Legislature promise tax cuts in NY budget

Posted: Updated:

By MICHAEL GORMLEY
Associated Press

ALBANY, N.Y. (AP) - Gov. Andrew Cuomo and New York legislative leaders have reached a deal on a tentative 2013-14 budget that would keep spending increases under 2% while providing tax rebates and breaks over the next two years.

Cuomo says the $135 billion budget deal includes a $350 rebate check for middle-class families with at least one child and a household income of $40,000 to $300,000. The checks wouldn't be sent to taxpayers until 2014, an election year for Cuomo and lawmakers.

The deal also would raise the $7.25 hourly minimum wage to $9 over three years. But it wouldn't include automatic increases tied to inflation, which Democrats sought.

The proposed budget would include the second extension of a temporary millionaire tax increase that raises $2 billion a year.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • Your Money

  • Wednesday, June 19 2013 6:12 AM EDT2013-06-19 10:12:52 GMT
    A senior administration official says Gov. Andrew Cuomo and legislative leaders have struck a deal to authorize four upstate casinos and to allow votes on 10 separate women's rights bills including an abortion...
    A senior administration official says Gov. Andrew Cuomo and legislative leaders have struck a deal to authorize four upstate casinos and to allow votes on 10 separate women's rights bills including an abortion proposal...
  • Tuesday, June 18 2013 11:03 PM EDT2013-06-19 03:03:58 GMT
    Facebook, which owns Instagram, is expected to announce this week a new video option for the popular photo app. Most likely the feature will be for shortened video clips.
    Facebook, which owns Instagram, is expected to announce this week a new video option for the popular photo app. Most likely the feature will be for shortened video clips kind of what you see on Vine.
  • Salonella risk

    Tuesday, June 18 2013 9:20 PM EDT2013-06-19 01:20:32 GMT
    Natura Pet Products is voluntarily recalling all Innova, California Natural, EVO, Healthwise, Mother Nature and Karma branded dry pet food and biscuit, bar, and treat products with expiration dates prior to June 10, 2014, because of a positive Salmonella test.
    Natura Pet Products is voluntarily recalling all Innova, California Natural, EVO, Healthwise, Mother Nature and Karma branded dry pet food and biscuit, bar, and treat products with expiration dates prior to June 10, 2014, because of a positive Salmonella test.
Powered by WorldNow

WJBK-TV | Fox 2
16550 West Nine Mile Rd.
Southfield, MI 48075

Main Station: (248) 557-2000
Newsroom: (248) 552-5103

Didn't find what you were looking for?
All content © Copyright 2000 - 2013 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices