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.

Hochul’s executive proposal is $19 billion or 8.3% higher than last year’s proposal and $36 billion or 16% higher than her first plan in 2022.

The lofty wish list — a $8.6 billion annual spending hike — runs in accord with the administration’s affordability agenda, which Hochul teased during last week’s State of the State address.

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.