Vote set Monday on late-night N.Y. state budget deal

03.31.14 | Bob Price

Governor Andrew Cuomo and the state Legislature have reached a budget deal that would increase school aid by $1.1 billion, enact a public-campaign-financing system for the comptroller’s office and provide tax breaks to homeowners and businesses. The $138 billion budget for the 2014-15 fiscal year will increase state spending by 1.9 percent. Lawmakers are set to adopt the plan Monday. A $22 billion plan to fund schools, a 5.3 percent increase in spending, includes $340 million to fund pre-kindergarten -- but most of it goes to New York City. It also includes a $2 million technology bond act that would need voter approval in November. It would be the fourth year in a row of an on-time budget. Previously, 23 of the last 30 budgets had been late by an average of 50 days.