ALBANY, N.Y. (WCAX) – Gov. Kathy Hochul presented her budget plans to the people of New York on Tuesday, putting forward a $260 billion budget without a broad-based tax hike in her fifth year.
The biggest drivers of spending will be health care and school aid. Medicaid spending is increasing by 11.4% and school aid is going up 4.4%.
The budget features $10.3 billion less in federal money compared to the prior year, as the state faces major uncertainty regarding funding from the Trump administration.
“The federal government’s relationships with states has never been simple, but for decades, it was always this basic trust when states stepped up to deliver federal programs, the federal government was a reliable partner making sure the funds were there. In just one year, the federal government has shattered that trust and we’re bearing the brunt of it,” said Hochul, D-New York.
Our Alek LaShomb will have more details and reaction tonight on the Channel 3 News at 6 p.m.
Now that the budget has been presented, the state Legislature will go through public hearings over the next few weeks. The approved budget is due April 1.
Click here for the full text of the governor’s budget address.
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