New York has a budget. Lawmakers struck a deal just before midnight, finalizing a $135 billion spending plan.
The budget includes a $350 tax rebate for most middle class families and a new minimum wage that will rise to $9 over three years. The budget also raises billions by extending an income tax surcharge on millionaire earners and a business tax on energy costs.
This is New York's third straight on-time budget after decades of missed deadlines.