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NY Legislature agrees to state budget

Gov. David A. Paterson and legislative leaders have reached agreement on a 2009-10 budget that maintains school aid at this year's levels, eliminates the popular STAR property-tax rebate checks and temporarily raises income taxes on households earning more than $300,000.

Aides to Paterson, State Senate Majority Leader Malcolm Smith (D-St. Albans) and Assembly Speaker Sheldon Silver (D-Manhattan)...

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