ALBANY – The 2012-13 Enacted Budget Financial Plan by the Division of the Budget was released Thursday. Following the passage of the budget, the Division of the Budget releases this annual report to update the state's financial plan. This year's report summarizes the state's official financial projections through 2016.

The 2012 budget closes a multi-billion dollar deficit with no new taxes, fees, or gimmicks and launches the New York Works Task Force to invest billions of dollars to rebuild the state's roads, bridges, parks, and other infrastructure and create tens of thousands of jobs. The budget also includes key economic development and transportation initiatives, important reforms to improve government efficiency, and measures to strengthen communities across the state.

The 2012-13 Enacted Budget Financial Plan holds State Operating Funds spending growth at two percent. To view the report, visit http://publications.budget.ny.gov/budgetFP/2012-13EnactedBudget.pdf.

"By responsibly closing a multi-billion dollar deficit with no new taxes and investing in innovative economic development programs, this budget will help us continue to rebuild our economy and create jobs," said Governor Andrew Cuomo. "This budget reflects Albany's renewed commitment to fiscal discipline, honest accounting, and bipartisan cooperation, and its successful early passage shows that state government is once again working for the people of New York."