This weekend’s In Focus spotlights the 2027 fiscal budget for New York state.
The President and CEO of the Business Council of New York State Heather Mulligan discusses Gov. Kathy Hochul’s $260 billion fiscal budget for 2027. Mulligan talks about how the budget focuses on safety, infrastructure and affordability. She praises the budget for not introducing new taxes and for incorporating three out of four recommendations from the Business Council and Economic Development Council, including regulatory reform and zoning reform.
The president and CEO of the Buffalo Niagara Partnership Grant Loomis is sharing his thoughts on the proposed 2027 fiscal budget. Loomis details how the budget totals $260 billion, with an $8 billion increase from the current state budget. He expresses concern over the state’s increasing spending, noting a $70 billion increase since 2019, despite a declining population. Loomis praises the absence of new climate mandates, emphasizing the need for affordable and reliable energy. He also supports the governor’s commitment to nuclear energy and criticized potential increases in corporate taxes, highlighting New York’s high corporate tax rate and the need to attract business investment.
President and CEO of the Capital Region Chamber Mark Eagan is praising Gov. Kathy Hochul’s commitment to not raising taxes. Eagan discusses Hochul’s efforts to reduce regulations to make New York more competitive. He also highlights the importance of affordable housing, noting the high costs of building regular homes and the potential of modular housing to reduce costs.
You can watch the full interviews above. And be sure to tune in for a look inside the biggest issues impacting upstate New York, on In Focus with JoDee Kenney — every Sunday on Spectrum News 1.