New York moves to offset federal tax changes in $168 billion budget deal

By James Odato ALBANY, N.Y. (Reuters) - New York Governor Andrew Cuomo and the state legislature agreed late on Friday on a $168 billion budget for fiscal 2019, including measures aimed at offsetting damage to taxpayers from new federal tax changes. Cuomo outlined details of the agreement a few hours before the Senate and Assembly voted to pass the legislation needed to adopt the budget. The governor likened the federal tax changes enacted early this year to a missile launched at New York.