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.

New York lawmakers are voicing concern over Governor Kathy Hochul’s record-breaking $252 billion executive budget, with critics calling it unsustainable and dismissive of the state’s long-term affordability issues.

Close to 7 million people in New York are projected to be on Medicaid as of March, state officials said, which remains a challenge for its budget plan. There were 7.6 million New Yorkers on Medicaid in November 2023 compared with 6.