Still No Deal on NY Budget

And we thought the federal government was the only organization that could not balance a budget. It seems that the New York lawmarkers, and Governor Andrew Cuomo, are also struggling in coming up with a deal on the New York budget. The governor and New York legislative leaders have emerged from a brief closed-door meeting without a state budget deal.

Tuesday’s negotiations are dragging into a week in which many thought a deal would be struck. That means voting on budget bills could continue into Saturday, unless the governor and Legislature vote to suspend the three days’ public review of legislation required by the state constitution.

This budget is not short of complications and controversy. State officials say the budget talks include a minimum wage increase 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 is a priority for Democrats. 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.

Joseph Byrne Recent Columns | E-Mail Joseph Byrne is a writer for the Long Island Yellow Pages Business News section. If you have a press release that you'd like to share please send it to joeb@longislandyellowpages.com Also Read: Charges Filed for Impersonating an Attorney New Business Show to Premier After New Year Nassau County to Award $500000 in Tax Breaks to Businesses Hurt by Sandy Fastest Growing List of Companies Includes 33 LI Businesses

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