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Moody’s gives NY budget positive review

Moody’s gives NY budget positive review

ALBANY, N.Y. (AP) — An influential rating agency is giving a positive review to the state budget approved by New York leaders.

Moody’s Investors Service says Friday the nearly $140 billion budget signed Tuesday by Gov. Andrew Cuomo is a “credit positive.”

Moody’s analysis singles out investments in education and praises state leaders for reaching a deal before the end of the fiscal year.

The budget deal has been criticized by superintendents who say the increase in education aid was inadequate.

The $138 billion spending plan expands pre-kindergarten education and provides tax relief to homeowners and corporations.

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