Hochul's budget: what's in it and what questions remain

Jan 21, 2025 · 🔎 Hochul’s budget is fueled by revenue the state didn’t know was coming Gov. Kathy Hochul wants to increase spending in the next fiscal year by $15 billion compared to the state budget enacted last April.

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Hochul's Budget: What's In It And What Questions Remain

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capitolconfidential.com

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Hochul To Unveil Massive $252B Budget Proposal But New Taxes, …

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Jan 21, 2025 · Gov. Kathy Hochul will unveil her most costly budget proposal ever Tuesday, with the $252 billion plan set to continue jacking up spending to fund new handouts. Hochul’s …

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Questions Remain On How Hochul Will Pay For Tax Cuts - Ny1.com

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Jan 16, 2025 · Most of those details are expected to be revealed during her state budget address next Tuesday, Jan. 21 Last year, Hochul and the legislature agreed on a nearly $240 billion …

ny1.com

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Hochul To Unveil Massive $252B Budget Proposal But New Taxes

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Jan 21, 2025 · Gov. Kathy Hochul will unveil her most costly budget proposal ever Tuesday, with the $252 billion plan set to continue jacking up spending to fund new handouts. Hochul’s …

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Mobility Tax, Other Fees To Prop Up Flailing MTA Even After …

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Jan 8, 2025 · Gov. Kathy Hochul is considering hiking a dreaded tax on businesses to prop up the flailing Metropolitan Transportation Authority in a scramble to fill a whopping $33-billion budget …

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NY Gov. Hochul Proposes $500 'inflation Refund' Checks: What To …

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Dec 10, 2024 · New York Gov. Kathy Hochul announced a plan to give up to $500 to some taxpayers in an 'inflation refund.' One expert called it a patch solution.

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Budget Preview: What Will Hochul Propose As NY Faces $4.3B

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Jan 16, 2024 · Gov. Kathy Hochul will present a budget with proposals to close a $4.3 billion deficit and meet the continuing challenge of housing asylum seekers.

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What’s In Kathy Hochul’s $220 Billion Budget Deal?

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Apr 7, 2022 · Additional reporting by Jessica Washington, The Fuller Project Gov. Kathy Hochul on Thursday said she and state lawmakers reached a $220 billion “conceptual agreement” on …

thecity.nyc

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Hochul Proposes Tax Break To Boost Organ Donation

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Jan 30, 2025 · A measure in Governor Kathy Hochul’s budget proposal, released last week, aims to boost donations by offering a tax break of up to $10,000 to reimburse donors for the costs …

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FAQs about Hochul's budget: what's in it and what questions remain Coupon?

How much money did Governor Hochul save from a 'fiscal cliff'?

$7.9 billion in State operating aid for the MTA, which Governor Hochul saved from the “fiscal cliff” in last year’s budget. $7.6 billion for the third year of the five-year $32.9 billion Department of Transportation Capital Plan, the largest in New York’s history. ...

Will Hochul release a $33 billion budget plan?

Hochul is also entertaining the idea of not releasing a public plan for raising $33 billion at all, sources said as her office declined to say if she will include any proposal in her budget plan due Jan. 21. On Monday, she passed the buck to the legislature and said the ball is “in their court.” ...

What does Hochul want to do about school funding?

After a combined $7 billion boost to schools in the last two years, Hochul this year is calling for a smaller increase at 2.4 percent — which would be the lowest in recent history. And perhaps even more controversially, Hochul wants to change how school districts are funded through the antiquated school-funding formula. ...

How much money will Governor Hochul invest in education?

Governor Hochul will invest $4.8 billion to address serious mental illness and the youth mental health crisis. $35.3 billion, an $825 million increase from FY 2024, is the highest-ever investment in education in State history. The Executive Budget includes high-tech manufacturing investments to support the jobs and industries of the future. ...

What does Hochul's budget say about foundation aid?

Hochul’s budget proposes updating that to use the most recent Census Small Area Income and Poverty Estimates data instead, which officials say will lead to more equitable distribution. It was one of the recommendations on how to change the Foundation Aid formula from a recent state-mandated study. ...

How much money will Hochul spend on migrant crisis?

Be the first to comment. Last year, Hochul budgeted for $500 million in spending on the migrant situation using reserve funds, but Tuesday’s proposal also includes a $1 billion transfer into the state’s Rainy Day “lockbox” for reserve funds. ...