Budget Talks Continue in Albany

New York lawmakers will resume negotiations today on their version of a state budget. They say they expect to complete it today ahead of Friday night's midnight deadline.

Legislators and staff worked through the weekend in an effort to pass an on-time state budget for the second consecutive year. Lawmakers will spend this week voting on sections of a $112 billion proposal that's likely to include a record increase in school aid. Senior Senate and Assembly members are also expected to agree on health spending proposals, which could include substantial reforms of the Medicaid system.

Lawmakers will still need to negotiate a final budget with Governor Pataki, whose own proposal totals just over $106 billion. The governor says the Legislature wants to spend too much and set aside too little for projected budget gaps in coming years.