Governor David Paterson and Assembly Speaker Sheldon Silver are in Albany today to discuss the 2009-10 New York State budget. The budget, expected to be adopted in Albany tomorrow, is set for $131.8 billion, almost $10.5 billion more than the current budget. Here are some highlights:
- More than $21 billion in school aid, one of the highest in the nation and an increase of $1.1 billion from last year
- $3 billion in taxes and fees in everything from vehicle registration charges to public college tuition
- Getting rid of tax rebate checks, except for the STAR exemption program and the NYC STAR credit program
- Adding a nickel deposit for bottled water as well as the carbonated drinks
- Taxing little cigars (cigarillos) at 46 percent, the same rate as cigarettes
- $49 million in cuts to community colleges
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