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New York Reaches Deal on $212 Billion Budget to Jump-Start Recovery
Gov. Andrew M. Cuomo and the Legislature have agreed to raise taxes on the wealthy and give aid to renters, businesses and undocumented immigrants.
The state budget provides $1 billion in grants and tax credits for small businesses that suffered from the economic downturn during the pandemic.Credit.Spencer Platt/Getty Images
April 6, 2021Updated 6:38 p.m. ET
New York State leaders announced they had reached an agreement on Tuesday on a $212 billion state budget that includes tax increases on the wealthy as well as substantial relief for renters, undocumented immigrants and business owners hit hardest by the coronavirus.