New York Gov. Andrew Cuomo on Tuesday introduced his fiscal 2012-13 executive budget. The $132.5 billion spending plan marks a decrease of $225 million from 2011-12. The recommendations cut the projected four-year deficit by more than half, to $7.4 billion from $16.4 billion.
Cuomo, speaking in Albany, called for a continued overhaul of the state’s health care system, and a new tier in the state pension system that he said would save the state and local governments outside of New York City $83 billion and the city itself $30 billion over 30 years.