Albany, N.Y. – The New York State Senate has completed passage of the 2013-14 State Budget. State Senator Michael H. Ranzenhofer (R, C, I – Amherst) has issued the following statement:
“The State Senate has finished passage of an early State Budget for the third year in a row – a first in over 30 years. The 2013-14 State Budget is a balanced, fiscally responsible plan that closes a billion dollar budget gap without tax increases.
For middle-class families, the budget provides over $1 billion in tax relief over three years to make up for the value of child tax credits eroded by inflation and ensures the continuation of the lowest personal income tax rates in 60 years.