Lawmakers reach agreement on NYS budget, says Hochul

ALBANY, N.Y. (WTEN) — New York State legislators have come to a conceptual agreement on the FY 2023 Budget. Governor Kathy Hochul said the budget will hopefully be finalized in the next day or so.

Hochul made this announcement during a press conference on Thursday. You can watch the full announcement in the player above.

The governor said the budget will be $220 billion, with 15% of state operating funds going to reserves. Hochul said the budget is balanced and fiscally responsible.

The budget was due on April 1. On Monday, a budget extender passed, letting state employees to continue receiving their paychecks.

According to Hochul, the budget will include:

  • Tax relief for middle-class families
  • A property tax break for homeowners
  • Starting June 1, a state sales tax suspension on fuel until December 31
  • A tax relief program for small businesses to offset the effects of the COVID-19 pandemic.
  • Alcohol to go with the purchase of food
  • $31.5 billion dollar program for school aid
  • An investment of $7 billion dollars over 4 years into childcare
  • Front-line worker healthcare bonuses
  • Wage increases for health aides
  • Funding for the healthcare system
  • Funding for the rental assistance program
  • Investment in clean energy
  • $25 billion for a five-year housing plan to create affordable homes
  • $32.8 billion for a transportation infrastructure plan
  • The replacement of JCOPE with a commission of 11 members to make recommendations to law school deans to give approval or denial
  • Addressing public safety, including bail reform

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