New York RTTT?

I'm just getting this off the GothamSchools Twitter feed (anyone got anything else?): New York Governor Andrew Cuomo is proposing a New York state Race to the Top style competition as he delivers his State of the State address:

Cuomo wants two races to the top: one for academic performance and one for "administrative efficiency." $250M each, he proposes.

 New York state is currently facing a $10 billion (yes, with a 'b') budget gap for FY12.
UPDATE: more at GothamSchools.