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The spending plan totals $132.6 billion dollars.

Spending in the Empire State will go up by 1.9 percent, just under the two percent cap.

Speaking to reporters at the capitol, Governor Andrew Cuomo placed great emphasis on the successes in education reform, specifically mentioning the deal on state teacher evaluations, which is part of his budget.

"It truly is an example of fiscal discipline and fiscal integrity. Spending actually goes down from last year overall and the state spending level is within the 2 percent," Cuomo said.

New York City will be getting nearly $8 billion in school aid, a $75 million increase from what the governor originally proposed.

Governor Cuomo also called the complete budget a reform plan and major transformation for the state government.

"In this agreement, I am pleased to say that we keep that promise to increase our investment in public education, the cornerstone of our economy," said Assembly Speaker Sheldon Silver.

The budget also contains funding to keep the Kingsboro Psychiatric Center in Brooklyn open, though no long term solution is in place.

Legislation for some major budget items, including redistricting and pension reform, were passed a couple of weeks ago.