• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
LeadershipNew York

New York State Just Passed a $163 Billion Budget and a Free College Tuition Plan

By
Reuters
Reuters
Down Arrow Button Icon
By
Reuters
Reuters
Down Arrow Button Icon
April 10, 2017, 1:21 AM ET

Travelers across New York state will get the chance to summon ride-sharing cars under a $163 billion state budget passed on Sunday that includes a free public college tuition program and ends imprisoning people younger than 18 with adults.

The passage completed a deal struck between lawmakers and Governor Andrew Cuomo, a Democrat, on Friday, nine days after the fiscal year began.

Key components – raising the age of criminal responsibility and free tuition for students from families earning less than $120,000 a year – were pushed by Cuomo and led to the longest budget delay since the Democrat took office in 2011.

To be phased in through October 2019, people under the age of 18 will no longer be housed in adult jails and prisons.

The measure, strongly embraced by Assembly Democrats, will leave North Carolina as the only state to automatically prosecute and imprison 16 and 17-year-olds as adults regardless of the crime.

Cuomo, considered a possible 2020 presidential contender, said in a radio interview that raising the age – along with increasing the state’s minimum wage last year and legalizing same-sex marriages in 2011 – are “really great lasting legacies.”

Republican lawmakers complained Cuomo incorporated social policy into the budget, but ultimately compromised.

“There’s a lot of things you like, a lot things you don’t like,” Senate Deputy Majority Leader John DeFrancisco, a Republican, said from the Senate floor.

State residents with household incomes under $100,000 will be able to enroll in state public colleges tuition-free. The income limit rises to $125,000 in three years.

The budget revives a tax cut program for New York City affordable housing developers and funds $2.5 billion of clean water infrastructure projects.

The spending plan won overwhelming support in the Assembly and Senate.

Legislators hailed the provision to permit Uber (UBER), Lyft (LYFT) and similar ride-hailing services to operate beyond New York City.

Sen. Timothy Kennedy, a Buffalo Democrat, said upstate New York can now join the 21st Century.

For more on New York, watch Fortune’s video:

The $163 billion package also includes federal disaster aid for people impacted by 2012’s Superstorm Sandy hurricane and funds for health care reform.

The pact gives Cuomo’s budget director authority to plan spending cuts if the federal government slashes more than $850 million of funding to New York this fiscal year.

Cuomo called New York “a target for hostile federal actions” under Republican President Donald Trump and the Republican-led Congress, which could cut billions of Medicaid dollars to New York and other states by replacing the Affordable Care Act.

To help offset the state’s $3.5 billion deficit and fund income tax cuts for people making under $300,000, the budget extends for two years an 8.82 percent tax rate on individuals making more than $1 million a year.

Cuomo failed in his quest to compel giant online marketplaces such as Amazon to collect taxes on third-party transactions.

About the Author
By Reuters
See full bioRight Arrow Button Icon

Latest in Leadership

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
Fortune Secondary Logo
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Leadership

SuccessThe Promotion Playbook
JPMorgan’s CEO Jamie Dimon reveals the career goal he adopted when he was just a 28-year-old assistant: Do not speak unless you can add value
By Orianna Rosa RoyleMarch 3, 2026
2 hours ago
Rob Kaplan
C-SuiteLeadership
Goldman Sachs vice chair on the hidden trap of senior management: ‘pretty soon the bosses are no longer watching you’
By Nick LichtenbergMarch 3, 2026
3 hours ago
Photo of Donald Trump
Personal FinanceSocial Security
CEO of America’s largest Social Security advisory firm: Trump’s big tax cut ‘did not help’
By Nick LichtenbergMarch 2, 2026
13 hours ago
Future of WorkGen Z
‘That résumé goes right into the garbage’: Kevin O’Leary says it’s a ‘horrific signal’ for Gen Z to bring their parents to job interviews
By Sydney LakeMarch 2, 2026
14 hours ago
Blackstone CEO Stephen Schwarzman
SuccessCEO salaries and executive compensation
Blackstone CEO took home $1.2 billion last year after going ‘max everything’ with work—but he wouldn’t advise his children to put themselves under so much pressure
By Emma BurleighMarch 2, 2026
17 hours ago
Warren Buffett scratching his head
SuccessWealth
Warren Buffett once admitted that selling McDonald’s shares was ‘a very big mistake.’ Today, they’d be worth over $10 billion 
By Preston ForeMarch 2, 2026
18 hours ago

Most Popular

placeholder alt text
Middle East
U.S. military gives Iran a taste of its own medicine with cheap copycat Shahed drones, while concern shifts to munitions supply in extended conflict
By Jason MaMarch 1, 2026
2 days ago
placeholder alt text
Success
MacKenzie Scott's close relationship with Toni Morrison long before Amazon put Scott on the path to give more than $1 billion to HBCUs
By Sasha RogelbergMarch 1, 2026
2 days ago
placeholder alt text
Economy
Your grandparents are the reason the U.S. isn't in a recession right now. That won't last forever
By Eleanor PringleMarch 1, 2026
2 days ago
placeholder alt text
Success
Slack cofounder says workers and CEOs can get stuck doing 'fake' work like pre-meetings and slideshows
By Emma BurleighMarch 1, 2026
2 days ago
placeholder alt text
AI
American schools weren’t broken until Silicon Valley used a lie to convince them they were—now reading and math scores are plummeting
By Sasha RogelbergMarch 1, 2026
2 days ago
placeholder alt text
Health
Gen Z men are eating ‘boy kibble,’ the human equivalent to dog food, to load up on protein cheaply
By Jake AngeloMarch 1, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.