July 1, 2010

2010-2011 State Budget Legislation Completed in Assembly
with Passage of Revenue Plan

Assembly Passes Measure to Help Balance the Budget and Close $9.2 Billion Gap

Assembly Speaker Sheldon Silver and Ways and Means Committee Chair Herman D. Farrell, Jr. today announced the passage of a revenue plan that will help to close the state's $9.2 billion budget gap (A.9710-D). The measure increases revenue by $869 million in the 2010-2011 fiscal year and helps to close out-year deficits by increasing revenue $1.770 billion in 2011-2012. The revenue figures are based on the same financial plan as the Governor's last emergency budget extender legislation.

"This was a tough fiscal year, and we had to make serious and significant cuts," said Silver (D-Manhattan). "My colleagues in the Assembly Majority and I have fought to save student MetroCards, senior centers and state parks, as well as other vital programs. The measure passed today will help keep the budget balanced and get our state on track to economic recovery."

"Tough choices had to be made this year to help balance the state deficit, and families across the state were forced to make difficult choices," said Farrell (D-Manhattan). "This final budget bill will close the $9.2 billion gap. With this revenue legislation we complete our work on the budget, while at the same time ensuring that it is not balanced on the backs of working families."

The major provisions in the legislation include:

The Assembly rejected the Executive proposal for selling wine in grocery stores.