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March 21, 2001

Assembly unveils $85.97 billion budget resolution

The state Assembly has unveiled a $85.97 billion budget resolution for 2001-02 that includes $519 million in tax cuts and a new commitment of $2.17 billion to the state's general reserves.

"The budget resolution . . . responsibly supports education, health care and job creation, and provides prudent tax cuts to help working families," Assembly Speaker Sheldon Silver (D-Manhattan) said.

The Assembly resolution calls for increasing spending by $1.42 billion above the $41.34 billion General Fund budget proposed by Governor Pataki, the Assembly said in a press release. The Assembly said its resolution also would add $2.29 billion to the Governor's proposed All-Funds budget of $83.68 billion.

The Assembly said its specific budget proposals include: