NY Legislators Agree On State Budget

After weeks of negotiations, Governor Cuomo and the state Legislature have finally reached an agreement on the new state budget.

The fiscal plan calls for $212 billion in spending, which is roughly $18 billion more than last year. The deal includes a plan to raise taxes on high-income residents, legalization of mobile sports betting and sets aside funds for schools. There will also be comprehensive reforms put in place at nursing homes. Once the Senate and Assembly pass the budget, it'll head to Governor Cuomo so he can sign it.