ALBANY, N.Y. (CBSNewYork/AP) — Governor Andrew Cuomo and legislative leaders said Wednesday evening that they have reached a state budget agreement, which would include raising the minimum wage to $9 an hour over three years.
The closed-door agreement puts Albany on track to pass the third straight on-time budget.
That feat has not accomplished since the early 1980s.
The 2013-14 spending plan would increase state spending just under 2 percent, to about $136 billion. The total is almost $143 billion when federal aid for Superstorm Sandy recovery is included.