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State budget agreement reached

ALBANY - An agreement has been reached on the 2014-15 State Budget and all budget bills have been printed. That came two days before today’s budget deadline.

The Budget holds spending growth below two percent for the fourth consecutive year, continuing a record of fiscal discipline that has reversed decades of state budgets where spending grew at a higher rate than inflation or personal income growth. The Budget includes $1.5 billion in property tax relief for New York homeowners that is linked to and conditioned on approved plans for local governments to become more efficient.

The Budget puts forward the state’s largest investment in education to date, including an increase of more than 5% in school aid; statewide, universal full-day Pre-k; a bond act to modernize classrooms; as well as signature reforms to fix Common Core implementation and protect students from unfair high stakes test results; and strengthen and support Charter Schools. Investments included in the Budget will make New York safer by strengthening penalties to crack down on texting-while-driving, make New York cleaner by growing the Environmental Protection Fund, and make New York fairer by allocating funding to help raise the age at which juveniles are tried.