Cuomo Tells Agency Heads to Hold Spending Amid Surplus
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New York Governor Andrew Cuomo directed agencies to hold spending at current levels next year even as a record budget surplus looms, according to a letter sent to department heads by Budget Director Robert Megna.
Agency spending plans are due Oct. 21, before Cuomo’s January budget proposal for fiscal 2016, which begins April 1. The state is poised for a more than $4 billion surplus next year, the result of legal settlements with Wall Street banks and limited growth in spending.