ALBANY - The New York State Senate has passed the State Budget on time for the third consecutive year, Senator Patrick M. Gallivan announced today. The spending plan adheres to a self-imposed two percent spending cap, contains significant tax relief for middle-class families and businesses, and also addresses some of the unique challenges facing Western New York.
Measure Seen As Potential Boost To Upstate Economy
New York State Senator Patrick M. Gallivan (R-C-I, Elma) announced today that after weeks of negotiating, the final enacted state budget will include a provision to boost the film production industry in upstate New York.
Currently, New York State provides a tax incentive for up to 30 percent of certain production costs, but Gallivan has long argued that upstate and its unique cities need something more to attract significant studio interest.
The Governor’s State of the State outlined an expansive and comprehensive vision for our state and its future. I am especially encouraged to see Governor Cuomo make the upstate economy a continued priority of his administration, and the specific attention he paid to bolstering Upstate’s agriculture and tourism industries – two sectors vital to the continued economic recovery of Western New York.
“State government has been able to change direction the last two years largely because Albany has adopted a course of fiscal prudence. Today’s budget proposal demonstrates the Governor’s continued commitment to financial responsibility, keeping state spending growth below two percent while closing a $1.35 billion budget deficit without proposing any new taxes.”
Budget Comes Early, Controls Spending and Holds The Line On Taxes
Senator Patrick M. Gallivan hailed the 2012 state budget today as lawmakers approved the spending plan ahead of the April 1st deadline, marking the second consecutive year New York State will enact an on-time budget.
“Passing a second on-time budget in as many years is indicative of the larger progress we’ve seen lately in Albany. Just as late budgets were once a symbol of dysfunction, on-time budgets are symbolic of continued progress,” the Senator said. “Even more important than passing an on-time budget, is that we passed a fiscally responsible budget that respects New York’s taxpayers and keeps the State moving forward.”
Gallivan: “Senate Plan Cuts Taxes, Reforms Medicaid, Protects Seniors and Schools.”
The New York State Senate voted to approve its 2012-13 Senate Budget resolution, continuing its focus on state spending, job creation, and structural reform to government.
The Senate budget, at just under $132.5 billion, keeps the total state spending increase below two percent, and spends less than the Executive Budget. The budget closes a $2 billion budget deficit and builds on last year’s successes in putting the state’s fiscal house in order.