N.Y. Budget Deal Cuts Aid to Schools and Health Care

The New York Times reports:

Capping weeks of secretive negotiations and intense political jockeying, Gov. Andrew M. Cuomo and leaders of the Legislature on Sunday announced a $132.5 billion budget agreement that would cut overall spending, impose no major new taxes and begin a long-term overhaul of New York State’s bloated Medicaid programs.

The agreement, five days before the March 31 budget deadline, offered the prospect of Albany’s first on-time budget in five years. If enacted by lawmakers, the deal would cut the state’s overall year-to-year spending for the first time in more than a decade.

Real budgets would be a major accomplishment.