Updated: 01/22/2014 5:48 PM
Created: 01/22/2014 5:25 PM WHEC.com
By: Berkeley Brean
Lieutenant Governor Bob Duffy was back in Rochester, selling the governor’s new budget. The budget is $137 billion. The spending increase is below two percent and this year, there is a two billion dollar surplus. Three years ago, there was a $10 billion deficit.
The lieutenant governor says the budget will freeze property taxes for two years and it drops the manufacturing tax for upstate businesses to zero. It funds full day, statewide Pre-K.
Lt. Gov. Robert Duffy, (D) New York said, “I don't think any budget is going to excite anybody but I think what it can do is show the governor's determination to try to do two things: lower the burden of taxes on people across the state especially upstate New York and also look for investments to try to create opportunities for more companies to come, try to create more jobs.”
The lieutenant governor spoke to a crowd of who’s who in Rochester. A lot of these people run schools, agencies and local governments that rely on state funding, but at the same time, are burdened by state mandates. Bob Duffy says because of the economic policies of Governor Cuomo, New York is second in the nation in job growth since the start of the recession, 380,000 new jobs. New Yorkers are playing some of the lowest middle class income taxes in years.
Lt. Gov. Robert Duffy, (D) New York, said, “We're on the path. Good things are happening. It's not perfect. But I'm proud of what he's done so far and I think everyone across the state from business owners to struggling families are going to feel a positive impact with this.”
The state legislature needs to approve the budget. The deadline is March 31. The major source of the budget is a giant state bank account called the general fund. That’s where just about every single tax dollar you pay ends up. So who controls it and what influence do you have on it? Berkeley Brean will have a report on that in his New York State Exposed Investigation on Thursday on News10NBC.