Here’s a look at the main components of Gov. Andrew Cuomo’s proposed budget for the 2012-13 fiscal year, which starts April 1.
— The budget would be a $132.5 billion spending plan, a decline of 0.2 percent, or $225 million compared to the current fiscal year.
— The budget would close a $3.5 billion budget gap by higher income taxes on millionaires and a $1.14 billion cut in state agency spending.
— The budget includes a $15 billion initiative for the state’s infrastructure, including $3 billion in state and federal funds. It would use $9 billion from public authorities and local governments for major projects, as well as $3 billion from private-sector investment to repair roads and bridges.
— State agencies would be merged and cut, saving $1.1 billion, a decrease of 0.4 percent, to a total of $23.5 billion. Twenty-five boards and commissions would be eliminated.
— About $5 billion would come from existing public authorities to fund a replacement of the Tappan Zee Bridge.
— The inclusion of $84 million to support ongoing economic development initiatives including “the retention of professional football in western New York.” That would be the Buffalo Bills.
— About $1.2 billion would fund a state takeover of counties’ growth in Medicaid expenses over five years. Counties’ Medicaid costs are capped at 3 percent growth a year.
— A new pension tier that would provide less generous benefits for new government employees and the option of a 401k-type retirement system. It would save $79 billion over the next 30 years.
— The budget includes a second round of $200 million for the state’s regional economic councils to fund job-creation plans.
— There would be $110 million for the SUNY 2020 Challenge Grant Program, including $80 million for SUNY’s university centers at Albany, Binghamton, Buffalo and Stony Brook.
— A merger of the Lottery Division and the state Racing and Wagering Board to provide a single entity as the state pursues the legalization of casino gambling.
— Schools would receive a 4 percent increase in aid, or about $800 million, up to $20.3 billion overall. The increase in aid would be tied to schools developing a new teacher-evaluation system.
— State funding for Medicaid would increase by 3.1 percent, or $605 million, to $21 billion. State and federal spending on Medicaid would stay about flat at $54.2 billion.
You can watch the speech here at 2 p.m.: