Finance

New York State Budget Proposal Passed

March 15, 2013

Assemblyman Luis Sepulveda



My colleagues and I in the New York State Assembly have passed a 2013-14 state budget proposal that would:

    •    Increased education funding
    •    Spur job growth
    •    Provide economic relief for local governments
    •    Protect vital programs that assist New York's most vulnerable residents



We accomplished this all while managing to close a $1.35 billion (yes, "billion" with a "b") budget gap. The Assembly budget proposal also establishes a considerable reserve to help protect against future budget deficits.

I am proud that I took part in crafting a fiscally sound budget that generally aligns with the governor’s proposal and makes crucial investments in the types of programs and services that hardworking families rely upon–as an advocate for Bronxites from all walks of life, it was my mission to ensure that our interests were accounted for.

We are confident that our budget proposal, if adopted, would ensure that our great state remains economically competitive, while maintaining a sustainable balance between expenditures and revenue.

March 15, 2013

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