Cuomo’s budget comes as NY’s economy grows slowly
ALBANY— Gov. Andrew Cuomo will present an ambitious budget proposal next week that promises to turn deficits into surpluses even as he doles out tax breaks.
One trick will be doing it in a time of slow economic growth.
Cuomo will release his proposed budget Tuesday for the state fiscal year that begins April 1. But he has already said that the state can amass its first budget surpluses in years as long as lawmakers agree to limit spending increases to 2 percent. The governor said that would allow surpluses to grow to $2 billion in three years.