Cuomo Strikes Deal to Get New York Budget to Pass on Time

New York Governor Andrew Cuomo struck an agreement with lawmakers over the budget, clearing the path for the state to enact the annual spending plan on time for a fifth straight year.

The deal was reached Sunday, Assembly Speaker Carl Heastie told reporters in Albany. Its passage will mark the longest stretch of on-time budgets in at least four decades, which has helped New York win its highest credit rating from Standard & Poor’s since 1972.