Friday, April 1, 2016

2016-17 NY State Budget

In a time of hyper partisanship and when people have lost faith in their government’s fundamental ability to address today's critical challenges, New York State has come together to get things done.

2016-17 State Budget Highlights:

- Raising the minimum wage to $15 an hour in every region of the state. This will take place at different paces in: New York City, Long Island, and the rest of the state.

- Enacting the longest and most comprehensive paid family leave policy in the nation, 12-weeks.

- Holding the growth in state spending to 2% for the sixth consecutive year.

- Cutting the personal income tax, saving middle class New Yorkers nearly $6.6 billion in the first four years, with annual savings reaching $4.2 billion by 2025.

- Providing $24.8 billion in school aid, the highest in state history, and ending the Gap Elimination Adjustment.

- Investing $55 billion in the largest state transportation plan ever approved, including $27 billion for the Department of Transportation (DOT) and New York State Thruway Authority and $27 billion for the Metropolitan Transportation Authority (MTA).

CLICK HERE to read more about the full budget.

NYC Wins When Everyone Can Vote! Michael H. Drucker
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