New York Gov. Kathy Hochul has rolled out a $252 billion budget that calls for tax cuts, expanded child credits and record spending on programs amid better-than-expected revenues. Hochul's executive proposal for the fiscal year that begins on April 1 is about $19 billion,

Hochul's fiscal year 2026 budget proposal includes $8 million to bolster security at the northern border and "power-ready" sites to attract new businesses.

Governor Kathy Hochul is set to present the New York State Fiscal Year 2026 Executive Budget on Tuesday at 1 p.m.The 2025 Fisca Year is expected

The 2026 fiscal year budget for New York State was unveiled Tuesday. Governor Kathy Hochul is touting a $252B plan that she says will make New York more affordable and safer.

The $252 billion proposal represents the largest spending plan of Hochul’s tenure and includes a pledge to modestly decrease the tax rate on households making under $323,200 a year. She has also proposed an expansion of a child tax credit for those with children under 4 years old.

New York Gov. Kathy Hochul (D) on Tuesday will propose a $252 billion spending plan with income tax cuts alongside an expanded social safety net as the state faces potential uncertainty from a federal government under GOP control.

Enacted in 2021 and set to expire at the end of 2027, Hochul’s budget would extend it five years through 2032. Hochul’s executive budget will form the basis of negotiations with the state Legislature ahead of an April 1 deadline.