ALBANY, N.Y. (CBSNewYork) — Coming out of a pandemic, New York state is going on a spending spree.
Legislators in Albany are approving a budget deal that boosts spending by $18 billion.
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It includes higher taxes on the wealthy, and finally gets New York in the mobile sports betting game.
As CBS2’s Tony Aiello reports, legislators worked into the night debating and approving budget bills on the way to approving a record $212 billion state spending plan.
Watch: Gov. Andrew Cuomo Discusses New York State Budget
Democrats say the massive spending addresses historic inequities impacting minorities in particular.
“Hundreds of thousands, perhaps millions of New Yorkers will benefit from this budget,” said St. Sen. Julia Salazar.
“The state of New York, we have fewer people than the state of Texas and the state of Florida, yet our state budget as of tonight will be more than both of them combined,” said St. Sen. Phil Boyle.
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With one party Democratic rule in Albany, progressive activists pushed for and won a tax hike on wealthy New Yorkers.
It means the 50,000 richest New Yorkers will pay the highest state and local tax rate in the country.
The budget includes record spending for public schools, $2 billion in rent relief for people who’ve fallen behind, and $2 billion in aid for undocumented people who did not qualify for federal stimulus checks.
Multiple scandals weakened Gov. Andrew Cuomo‘s negotiating position. He spoke about the budget plan Wednesday morning.
“Seize this moment to actually reposition New York, reimagine New York, reconstruct New York, renew New York,” Cuomo said.
The budget also includes approval for mobile sports betting, late details on how many operators will be allowed are still being negotiated.
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