State Budget Another Constructive Step Forward
ALBANY, 03/30/12 -- State Senator James L. Seward (R/C/I – Oneonta) today commented on final approval of the 2012-2013 state budget:
“For the second year in a row, New York has an on-time, and in fact, early, state budget. This important achievement is proof-positive that Albany is working again.
“The fiscally responsible budget cuts state spending, closes a $2 billion budget gap without raising taxes, rebuilds our upstate roads and bridges and funnels additional education aid to our neediest rural schools.
“The plan fully restores EPIC to help fixed income senior citizens afford the cost of prescription drugs. It also provides significant mandate relief for counties through a phased in state takeover of growth in the local share of Medicaid costs – saving $1.2 billion over five years.
“Key economic development elements are also included. A second round of Regional Council grants and tax cuts for manufacturers will help pave the way for more private sector job growth across the state.
“Working with the governor, we have improved the process in Albany and an improved product is the result. The final outcome is a budget that will continue to move our state forward.”