ALBANY, N.Y. (NEWS10) — State leaders have come to an agreement on a new budget for the fiscal year that began this month. The $212 billion dollar budget includes record funding for education, and also increases taxes on the state’s highest earners. But two education officials say there are some things the state could and should have done better when creating their plan, including changes to foundation aid. Meanwhile, two financial experts are warning that the tax increase on the richest New Yorkers could have unintended consequences that could harm the state in the long run.
NEWS10’s Tim Lake dug into some of the key aspects of the budget in two full interviews below, including what it means for school districts across the state, and tax rates for people and businesses.
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