Gov. Kathy Hochul released the details behind her $252 billion state budget proposal for the next fiscal year complete, with tax cuts for the middle class, new spending for cops on the subway and increases for the state’s mammoth Medicaid program.
While her top budget official warned potential financial decisions out of Washington, D.C. could negatively affect the state, Hochul had her own message for New York’s Republicans now in power.
What You Need To Know
- The governor wants to increase the overall size of the state budget to $252 billion — a nearly $10 billion increase from last year
- Gov. Kathy Hochul still doesn't have a plan for funding billions in MTA projects. Critics argue it’s because she doesn’t want to discuss the elephant in the room: new taxes
- Facing reelection, Hochul favors increasing healthcare and education funding after proposing cuts last year
“Your family is my fight,” she promised during the roughly 30-minute speech on Tuesday from the State Capitol Building in Albany. “We’re investing more in New Yorkers because we have more resources to do so, and we’re doing it responsibly.”
To keep her promise, the governor wants to increase the overall size of the state budget to nearly $10 billion more compared to the spending plan revealed last year.
Should Hochul get her way and the legislature gives the greenlight by April 1, the state will:
- Dole out $150 and $300 checks to qualifying New Yorkers
- Give a child care tax credit
- Free school meals
- A middle class tax cut
- Spend $1 billion for housing across the Big Apple
- Help pay for cops on the subways
“It doesn’t matter how much we build if New Yorkers don’t feel safe to live and work and travel!” she added, keeping public safety at the top of her agenda.
But some say the math doesn’t add up.
“I’m always happy when we give New Yorkers their money back, but it seems such an inefficient way of doing it. Why are we taking their money and only giving it back to some? I’d rather just see straight across the board tax cuts,” William Barclay, the Republican State Assembly Minority Leader from Syracuse, said.
Hochul still doesn’t have a plan for funding billions in MTA projects.
Critics argue it’s because she doesn’t want to discuss the elephant in the room: new taxes.
“The money has to come from those individuals or corporations who are most able to pay. It can’t be on the backs of riders or working New Yorkers or middle class New Yorkers,” said state Sen. Brad Hoylman, a Manhattan Democrat, who backs raising taxes on New Yorkers making a million dollars or more annually — a measure that Hochul has opposed.
Facing reelection, Hochul favors increasing healthcare and education funding after proposing cuts last year.
“It’s spreading affordability programs so thinly it won’t help people. It’s not restraining unaffordable Medicaid and school spending. It’s extending a state income tax surcharge. It’s not the right way to go,” Andrew Rein, president of the fiscally conservative Citizens Budget Commission, said.
Hochul warned the entire package could blow up if Washington, D.C. cuts funding to key public services programs.
“If the Republicans in power cut critical federal funding streams for Medicaid, education, child care, utility assistance — the list goes on. Those who are hurt need to raise their voices, direct their anger at Washington and push their members of Congress to fight for them,” she said.
“I am looking to our Congressional delegation, particularly Republicans, to prevent cuts that will harm New Yorkers. And if they fail, they must be held accountable,” she added, sending a message to New York Republicans in power.