2014-15 New York State Budget Agreement

Below is a letter sent out to New York City residents from the NY Governor’s Office regarding the most recent budget agreement:

Dear Fellow New Yorker,

An agreement has been reached on the 2014-15 State Budget that holds spending growth below two percent for the fourth consecutive year, continuing a record of fiscal discipline that has reversed decades of state budgets where spending grew at a higher rate than inflation or personal income growth. The Budget includes $1.5 billion in property tax relief for New York homeowners that is linked to and conditioned on approved plans for local governments to become more efficient. In addition, the Budget puts forward the state’s largest investment in education to date, including:

  • An increase of more than 5% in school aid
  • Statewide, universal full-day Pre-k
  • A bond act to modernize classroomsSignature reforms to fix Common Core implementation and protect students from unfair high stakes test results, as well as strengthen and support Charter Schools

Investments included in the Budget will make New York safer by strengthening penalties to crack down on texting-while-driving, make New York cleaner by growing the Environmental Protection Fund, and make New York fairer by allocating funding to help raise the age at which juveniles are tried.

The agreement paves the way for final passage of the 2014-2015 State Budget. Find out more about the Budget at governor.ny.gov. Working together over the last four years, we have put people above politics, building a stronger New York. With all of the arrows pointed in the right direction, we know our best days are ahead.

The Office of the Governor