Overall, the governor's proposed budget would increase spending by $8.6 billion, including a $5.3 billion surplus.

New York Gov. Kathy Hochul has rolled out a $252 billion budget that calls for tax cuts, expanded child credits and record spending on programs amid better-than-expected revenues. Hochul's executive proposal for the fiscal year that begins on April 1 is about $19 billion,

Hochul's fiscal year 2026 budget proposal includes $8 million to bolster security at the northern border and "power-ready" sites to attract new businesses.

Her budget made no mention of "cap and invest," the program she proposed two years ago as a central strategy for reducing fossil fuels emissions.

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.

New York lawmakers are voicing concern over Governor Kathy Hochul’s record-breaking $252 billion executive budget, with critics calling it unsustainable and dismissive of the state’s long-term affordability issues.

Gov. Kathy Hochul has laid out her state budget proposal, increasing the total spending to $252 billion. It includes a middle-class tax break, tax rebate checks up to $500 to families and a 4.7% increase in school aid.