State lawmakers reach $138 billion budget deal that boosts education spending

News 12 Long Island's Doug Geed is in

News 12 Long Island's Doug Geed is in Albany to track the budget developments. (Credit: News 12 )

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New York Gov. Andrew M. Cuomo speaks before Gov. Andrew Cuomo

Gov. Andrew Cuomo and state legislators reached an agreement Friday night on the spending plan for the 2014-15 fiscal year, shortly before their midnight deadline.

The $138 billion budget includes tax breaks for homeowners and an additional $1.1 billion in education spending.

Homeowners will receive checks equal to the amount that their property taxes rose, as long as their local government...

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