Cuomo reveals 2012-13 budget plan – LIHerald.com – Nassau County’s source for local news, breaking news, sports, entertainment & shopping

Last week, Governor Andrew Cuomo unveiled his 2012-13 Executive Budget and Reform plan, which he says will close the $2 billion budget gap and increase state aid to schools and municipalities.

The spending plan, which includes no new taxes or fee increases, aims to reduce costs by streamlining the state government and relieving unfunded mandates. The governor’s proposal increases the operating budget by less than two percent and honors the agreement made in 2011-12 to increase school aid and Medicaid funding by four percent.

“Because of the tough choices and the historic reforms we achieved last year, we are able to propose a pro-growth budget, tackle broad fiscal reform, drive accountability in our schools to put students first, and leverage tens of billions of dollars of new investment to create jobs without significant cost to the taxpayer,” Cuomo said in a release. “Through fiscal discipline and working in partnership with the private sector, we are making new York a pro-growth state once again. this budget represents the next step in our plan to transform new York State.”

One of the biggest points of Cuomo’s plan is the investment of $1.3 billion in state money to spur job growth and economic development. The new York Works Fund and Task Force will use $1.3 billion in state funds to spur up to $25 billion in investment from private companies, the federal government and more. it will also allow major projects to move forward and help improve the state’s infrastructure.

The plan also includes a second round of $200 million for the Regional Economic Development Councils. this had different regions in the state competing for money for projects in different areas of the state. The previous round of funding awarded $101.6 million to Long Island.

Cuomo reveals 2012-13 budget plan – LIHerald.com – Nassau County’s source for local news, breaking news, sports, entertainment & shopping


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