The Senate Majority’s budget resolution includes proposals to increase support for New York students, provide tax relief for overburdened New York families by implementing a permanent property tax cap, and restore proposed AIM cuts to struggling municipalities. The budget resolution reflects a responsible financial plan that is within the available revenues as forecast by State Comptroller Tom DiNapoli and remains within the 2% state spending cap. The budget resolution would improve the quality of life for New Yorkers with historic action on marijuana legalization, congestion pricing, protecting grassroots advocates, campaign finance reforms, the Nassau County Tax Assessment Reform proposal, and other important issues. This resolution, together with the Assembly one-house resolution, makes it clear that an on time, responsible, and effective budget is the priority for both legislative chambers.
The Senate Majority identified areas in the Executive Budget where state tax dollars could be saved through targeted spending reductions, workforce management efficiencies, and spending reclassifications, all cost-cutting measures which have been used in the past. By making these common sense corrections to the executive proposal, the Senate Majority was able to restore proposed cuts to essential services and provide additional education and tax relief support.