ALBANY—Governor Andrew Cuomo and legislative leaders have reached an agreement on how to spend $5.4 billion won from settlements with various banks, an administration official said Monday evening.
The official, speaking on background, outlined a plan that hewed closely to Cuomo's original proposal to spend the one-time windfall. The official laid out what he said was an agreement with leaders of the State Senate and Assembly, but legislative spokespeople did not immediately confirm the framework.
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