NY Legislature and Cuomo agree on some budget bills
Mon, 26 Mar 2012 17:45:20 GMT —
New York's Legislature and Gov. Andrew Cuomo have quietly agreed to some of the budget bills they hope to pass this week.
Three massive budget bills were submitted just before midnight Sunday so they could "age" as required over three days to allow public review before they are voted into law.
The $132 billion budget is due by midnight Saturday.
Among the agreements is a compromise on a proposal lawmakers claimed as a power grab by Cuomo. The governor had sought to greatly expand the power of state and local governments to borrow money with less independent oversight while avoiding approval from voters or the Legislature.
The deal will expand in a limited way the borrowing power of the Cuomo administration's Dormitory Authority.