NEW YORK (WCBS 880) — The New York State budget is five days overdue, but it looks like lawmakers and Gov. Andrew Cuomo are nearing an agreement.
At a press conference on Monday, Gov. Cuomo said the deal is not quite done, but it is close.
“We have a conceptual agreement on all issues, I think it's fair to say,” Cuomo said.
The governor says he's working with legislative leaders to finish up the details, but it does appear that the wealthy will be paying higher taxes as the state looks to pass higher taxes for millionaires and create new tax brackets for the ultra-rich.
Cuomo notes that the budget is designed to help New York survive “post-crisis” and that it was not easy to settle on.
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“The budget is probably the most complicated, the most ambitious and the hardest budget that we have done,” he told reporters.
The final product could raise an extra $4 billion, that includes higher corporate taxes, as well.
While staying mostly mum on details, the governor says the budget will be a model for the state for the next decade.
“This budget will set the trajectory for the state for the next 10 years,” he said.
Cuomo took four questions, the first time he has done so in several weeks. None of them addressed the dual scandals involving COVID-19 in nursing homes and alleged sexual misconduct.
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