(WBNG Binghamton) New York State legislators are busy debating the budget.
In order for the state budget to be passed on time, both chambers must give it the green light and Governor Andrew Cuomo must sign on the dotted line before 11:59 Monday.
If that happens, the 2014-2015 budget will be the fourth budget in a row passed on time, a string of passages that hasn't occurred in 37 years.
Governor Cuomo's office said the $137.9 billion dollar budget keeps spending growth under two percent.
It also proposes a two year property tax freeze, saving 2.8 million people an average of $300 a year, and a renter’s tax credit for anyone whose adjusted gross income is below $200,000.
Manufacturing tax cuts and a reduction in the business tax rate are also included
Education is a major topic of the budget. The budget calls for a five percent increase in education aid in the next school year.
If it's passed as is, high school districts will receive nearly 70 percent of the allocated increase.
Assemblywoman Donna Lupardo says Broome County schools will receive about $6.5 million more than outlined in the Governor's original proposal.
"We worked hard to make the case that our schools needed additional resources to meet the challenges they are facing," Lupardo said in a statement.
Lupardo's office confirms that's nearly $11 million more in state aid than included in last year's budget.