2012-13 State Budget Reduces Spending, Does Not Raise Taxes, Creates Jobs
For the second consecutive year, the New York State Senate has completed an early passage of the state budget. The 2012-13 state budget achieves the Senate Republicans’ goals of reducing state spending, not raising taxes and creating new private sector jobs. The new state fiscal year begins April 1st.
2012-13 STATE BUDGET HIGHLIGHTS
STATE SPENDING GROWTH HELD UNDER TWO PERCENT
> The $132.6 billion spending plan limits all-funds spending growth to 1.9 percent. For the second year in a row, state spending growth is less than the two percent spending cap advocated by Senate Republicans and placed on local government and school budgets.
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