Cuomo to Cut New York School Aid, Medicaid Spending

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New York Governor Andrew Cuomo proposed cutting local school aid by 7.3 percent and reducing Medicaid spending by almost $3 billion in a budget that closes a $10 billion deficit.

As many as 9,800 workers may be fired under the $132.9 billion spending plan, according to documents released by Cuomo today. Aid to 700 school districts, the largest expense for the third most-populous U.S. state, would be cut by $1.5 billion to $19.4 billion in the fiscal year beginning April 1, according to the governor.