De Blasio: NYC dodged the bullet in NY State Budget
City residents spared cuts in Medicaid, CUNY, Pre-K
Gov. Andrew Cuomo and state legislative leaders announced a budget late Thursday evening that spared New York City a crippling blow to its finances.
The budget would raise the minimum wage to $15 by the end of 2018 (small businesses would get an extra year, and the rate would rise more slowly outside of the city). It also provides for 12 weeks of paid family leave, cuts taxes for those in the $40,000 to $300,000 income range and provides more school funds, including an increase for charter schools. The budget maintains funding for Mayor Bill de Blasio’s signature full day universal pre-K program.
The governor had earlier dangled over the city the threat of $800 million in cuts to Medicaid and CUNY. Those costs, which would have been shifted to the city, did not appear in the final budget agreement, leading city officials to heave a sigh of relief.