Will NY Have a Budget Passed on Time?

March 25, 2011 Updated Mar 25, 2011 at 5:53 PM EDT

By Kyla Igoe

March 25, 2011 Updated Mar 25, 2011 at 5:53 PM EDT

Albany, NY (WKBW) - State legislative leaders met with Governor Andrew Cuomo in Albany Friday to hash out the final details of the new state budget. Friday evening the governor addressed reporters and announced no deal was made yet. State legislative leaders and local lawmakers say it looks promising for a budget to pass on time.

"I think it may be passed before the deadline," said Assemblywoman Crystal Peoples-Stokes.

Negotiations are still ongoing, but it looks as if the majority of Governor Cuomo's Executive Budget will be implemented. According to leaders, the millionaires tax, a 2% increase cap on property taxes, and the UB 2020 Plan will not be included in the budget. Ironically, the last time a state budget was passed early was under Mario Cuomo, Andrew Cuomo's Father. Now lawmakers say the next few days will be crucial since the deadline is next week.