On Tuesday, January 22, Gov. Andrew Cuomo presented his
budget proposal for the 2013-2014 state fiscal year. The budget totals $142.6
billion and represents an increase of 1.9 percent from 2012-13 levels.
The governor’s proposed budget release is the beginning
of the annual budget process. Next week, the Legislature will begin joint
hearings on specific issue areas contained within the budget. Negotiations will
then typically begin between the governor and leadership from the Senate and
Assembly.
Click here to read the highlights from the
governor’s budget proposal with a focus on real estate and housing issues.