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Albany Round-up

March 19, 2013

Cuomo, legislative leaders near NY budget deal

ALBANY — Gov. Andrew Cuomo and New York legislative leaders are scheduled to meet behind closed doors on what could result in an on-time state budget that would increase the minimum wage.

State officials have told The Associated Press that the minimum wage would rise to $8 an hour in January, $8.75 a year later and $9 a year after that. The current minimum wage is $7.25. Raising it was a Democratic priority.

The budget is also expected to include $700 million in tax breaks aimed at businesses and middle class families, a proposal pushed by Senate Republicans as their top priority.

If a budget deal is struck as expected, lawmakers will begin printing bills that could be approved on Thursday, the target date for the earliest budget in decades.

The budget meeting is set for Tuesday morning.

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