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Find out the latest updates, highlights and enacted budget of the FY 2025 state budget. Learn about the economic, revenue, spending and capital plans, as well as the aid and incentives for localities and school districts.
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The $229 billion FY 2024 NYS Budget reflects Governor Hochul's bold agenda to make New York more affordable, more livable, and safer. The Budget includes historic investments in mental health, public safety, education, climate, and more, without any new income tax increases.
22 de abr. de 2024 · Governor Hochul announces historic investments in housing, health care, education, safety, and more in the $237 billion budget. The budget does not raise income or statewide business taxes and maintains fiscal responsibility.
- A Balanced Budget
- Driving Down Gun Violence and Creating A Safer New York State
- Improving Effectiveness and Efficiency of The Criminal Justice System
- Improving Public Safety and Protecting New Yorkers
- Overhauling The Continuum of Mental Health Care
- Protecting Abortion Access and Strengthening New York State’S Safe Harbor Access
- Supporting Students and Schools
- Supporting Homeowners, Tenants, and Public Housing Residents
- Expanding Public Transit Access, Affordability, and Safety
- Addressing The Climate Crisis and Investing in Affordable Energy
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Governor Hochul’s FY 2024 Budget reflects New York’s steady finances, even as global economic trends send mixed signals. All funds spending is $229 billion growing at 3.9percent. Deposits to reserves that had been planned for FY 2024 and FY 2025 will be completed by the end of the current year – two years ahead of schedule – for a total of $19.5 bi...
As part of efforts to create a safer New York, Governor Hochul and state leaders reached an agreement to give judges greater discretion to set bail for the most serious crime offenses. State investments will also expand programs and services to further drive down gun violence, reduce recidivism, address the flow of deadly fentanyl, and improve the ...
The Budget also includes funding to improve the effectiveness and efficiency of the criminal justice system: 1. $170 million to support improvements to the discovery process for prosecutors and defenders, including $50 million in capital for discovery technology improvements in New York City. 2. $100 million in aid for prosecution and defense fundi...
The Budget also includes significant investments designed to protect New Yorkers, including: 1. $105 million to upgrade the State Emergency Operations Center. 2. $100 millionto purchase and renovate a new satellite crime laboratory for the State Police. 3. $66.7 million to increase the number of State Police academy classes. 4. $25 million to provi...
For too long, New York’s mental health care system has suffered from underinvestment, and the pandemic only made things harder for New Yorkers with serious mental illness. To address the unmet mental health needs of New Yorkers, Governor Hochul will make a long-term $1 billion investment to transform New York’s continuum of mental health care. This...
Governor Hochul is committed to protecting abortion access in New York State, solidifying the state’s historic standing as the nation’s first Safe Harbor State. $100.7 million in State funding will boost New York abortion providers by increasing Medicaid reimbursements and require private insurers to cover medication abortion when prescribed off-la...
All New York students deserve a high-quality education, from prekindergarten through college. Governor Hochul included a record $34.5 billion in total School Aid for school year 2024, making the highest level of State aid ever, and also secured the reissuance of 22 charter schools. The Budget also includes significant investments for SUNY’s Transfo...
Governor Hochul announced new efforts to support homeowners, tenants, and public housing residents as part of the FY 2024 Budget. The Budget includes historic investments in rental assistance for the most rent-burdened New Yorkers and residents of public and subsidized housing, funding support and assistance for homeowners, the creation of a nation...
Over the past year, Governor Hochul has advanced the completion of the Long Island Rail Road’s Third Track project, open the nation’s newest rail terminal at Grand Central Madison, broke ground on the Metro-North Penn Station Access project, and pushed other major projects forward, including the Second Avenue Subway and the Interborough Express. Go...
New York State has one of the nation’s most ambitious climate plans focused on creating a cleaner, healthier environment for future generations. Governor Hochul will make transformative investments to combat climate change, promote energy affordability, reduce emissions, and invest in clean air and water, building on more than $30 billion committed...
Governor Hochul announces the historic FY 2024 State Budget agreement, which includes no income tax increases, $1 billion for mental health care, $772 million for gun violence prevention, and more. The Budget reflects the Governor's bold agenda to make New York more affordable, livable, and safer.
The Executive Budget Briefing Book contains the Budget Director’s Message, which presents the Governor’s fiscal blueprint for the FY 2025 fiscal year and explains the State’s Financial Plan. It also includes highlights of major initiatives, and a list of the legislative proposals needed to implement the proposed budget.
Learn about the historic FY 2023 budget that invests in New Yorkers by rebuilding the healthcare economy, reducing the tax burden, improving the state's infrastructure, and more. Find the press release, legislation, and budget details on the Division of Budget website.
Find budget estimates, actual spending, appropriations, revenue, school aid, and COVID-19 funding for New York State. Explore charts, data, and archives from FY 1995 to FY 2025.
