The Senate and Assembly each released their respective One House budget bills this week and passed their proposals. Joint committee meetings were also held to facilitate budget negotiations between the Senate and Assembly. The Assembly largely removed non-budget items from its One House budget bills and included three additional tax rates for those who make more than $5 million, while the Senate included some revisions and new proposals which differed from the Governor’s Executive Budget language. State Budget discussions will continue next week, as the budget is due April 1.
For more information, please contact:
Michael P. Smith, President, NYBA, at (212) 297-1699
Clare M. Cusack, General Counsel, at (212) 297-1664
Megan Rowan McGovern, Deputy General Counsel & VP, Government Relations, at (212) 297-1669