In Governor Hochul's State of the State, she proposed a new era for New York – one in which her administration, her fellow statewide elected officials, and the legislature will work together to deliver for New Yorkers.
New York State is in a position to fully fund these historic policies by making historic investments, including record aid for our children’s education, a transformative infrastructure capital plan, and a groundbreaking program to rebuild the healthcare industry. But NYS is also being smart and responsible, and recognizing that we must fund NYS reserves to historic levels as well as part of a balanced Executive Budget for Fiscal Year 2023.
NYS is in a strong financial position due to a combination of factors, including increased tax receipts, a thriving stock market, and an influx of federal aid through the American Rescue Plan and the Infrastructure Investment and Jobs Act. This is a major change from where we were this time last year, when it was projected that the State may experience billion-dollar deficits in the years to come.
Join this presentation to learn how the budget will impact you as a Bronxite.