Governor Hochul Announces Highlights of FY2024 Executive Budget

$1 Billion Plan Will Fix New York State’s Continuum of Mental Health Care

Governor Follows Through on Pledge Not To Raise Income Taxes for FY 2024 Budget

New York Housing Compact Will Build 800,000 New Homes, Address Statewide Housing Shortage

$337 Million Investment Aimed at Reducing and Preventing Gun Violence

Addresses MTA ‘Fiscal Cliff’ While Investing in Public Transit Statewide

Investing $5.5 Billion to Promote Energy Affordability, Reduce Emissions, and Clean Our Air and Water, Building on More Than $30 Billion Committed to Climate Action

$7.6 Billion, Four-Year Child Care Investment Continues, Eligibility Increased To Include an Additional 113,000 Children

$1 Billion Health Care Investments for Capital Projects at Hospitals and Other Facilities

$1.3 Billion Economic Development Investments Will Create Jobs of the Future Across the Empire State

$1 Billion Investment Will Provide Health Care, Shelter, and Other Critical Services to Asylum Seekers

Fully Phases in Foundation Aid, a $24 Billion Commitment to Education that Includes $125 Million for Pre-K, and $250 Million for Learning Loss Tutoring

Link to Budget Book Here

Governor Kathy Hochul today outlined her Fiscal Year 2024 Executive Budget. The FY 2024 Executive Budget reflects Governor Hochul’s bold agenda to make New York more affordable, more livable, and safer by making smart, responsible investments in mental health care, public safety, housing, education, climate initiatives, and more.

“I’m committed to doing everything in my power to make the Empire State a more affordable, more livable, safer place for all New Yorkers,” Governor Hochul said. “We will make bold, transformative investments that lift up New Yorkers while maintaining solid fiscal footing in uncertain times.”

View full press release here.