Lawmakers haven't finalized plans for cutting health care.
The deal was expected to include 6 percent cuts across the board. The bill would not cut basic school spending, but the City University of New York was expected to have as much as $50 million shaved from its budget.
Also today, the Assembly voted 118-24 to pass a so-called circuit breaker. It's meant to provide property tax relief to many homeowners statewide while raising almost $2.7 billion from new income taxes on 77,000 people earning more than $1 million annually.
It's expected to be a one-house bill.
The Republican-controlled Senate passed a measure to establish a constitutional limit on annual state spending increases of 4 percent.