State lawmakers and Governor Cuomo Reach Agreement on New Budget

State lawmakers and Governor Cuomo have reached an agreement on a new budget.

It calls for 212 billion dollars in spending -- ten percent more than the old budget.

The plan includes one billion dollars to help small businesses recover from the pandemic; two-point-four billion for rent and home owner relief and another two-point-four billion for child care.

Twenty-nine billion dollars will go to school aid -- an increase of about three billion dollars.

More than two billion dollars will go to help undocumented immigrants and workers who were excluded from getting COVID-19 relief.

The budget also legalizes mobile sports betting, makes internet service more affordable, and includes nursing home reforms.

Tax rates are going up for people earning more than $1 million and businesses earning more than $5 million.