New York State budget

New York Gov. Andrew Cuomo and members of the state Legislature announced Tuesday that they had come to an agreement on a budget for the 2022 fiscal year, with major focus and funds going toward schools, green initiatives, rent relief and child care, the governor’s office said.

Gov. Cuomo expressed newfound openness to raising taxes on top-earners this year, after long having warned that raising taxes on the wealthy could drive them out of New York at a time when the state’s economy is still recovering from COVID-19 economic shutdowns.

New York legislative leaders have given little insight about some of the biggest issues: including the fate of a proposal to raise taxes on millionaires

Cuomo’s administration hasn’t released 20 percent of state payments to local governments for months — amounting to roughly $ 2 billion through July — but schools and hospitals have been spared so far

New York lawmakers were preparing to work late to pass a budget that is expected to cut school aid as the coronavirus outbreak roils the state’s economy

Gov. Cuomo address proposed hospital cuts.