New York's political leaders reach deal on 2016-17 state budget

Reuters
New York Governor Andrew Cuomo speaks at a press conference to announce major transportation initiatives in the Manhattan borough of New York, January 6, 2016. REUTERS/Carlo Allegri

NEW YORK (Reuters) - New York state's governor Andrew Cuomo and legislative leaders announced late on Thursday an agreement on a 2016-17 state budget that includes a plan to increase minimum wage toward $15 per hour and introduce paid family leave. "I believe that this is the best plan the state has produced in decades," Cuomo told a news conference in state capital Albany late on Thursday (Reporting by Edward Krudy; Editing by Sandra Maler)