New York’s largest budget in history invests $34.2B in Medicaid

New York agriculture stakeholders applaud funding for farmers in state budget

Key highlights include $10 million for dairy farmers, $425 million for environmental protection funding and a change to the overtime tax credit.

AARP New York State Director Beth Finkel issued the following statement today on the New York State legislature’s commitment to include $53 million for unmet needs for senior services in the final state budget for fiscal year 2025-26. “AARP applauds the governor of New York for her efforts to [...]

New York’s Budget Went From $100B to $254B in a Decade

Out-of-control spending on steroids

New York’s largest budget in history invests $34.2B in Medicaid

Gov. Kathy Hochul signed the largest New York state budget in history into law last week for fiscal year 2026, committing billions to Medicaid and expanding health care protections for pregnant women, older adults and low-income New Yorkers, her office announced.

Hochul Budget Delivers at Least $4.4 Billion in New Corporate Handouts - Reinvent Albany

The FY 2026 budget includes billions in new corporate subsidies. The bulk are reimbursable tax credits that will NOT be reduced by across-the-board cuts to state spending if federal aid is slashed.   Reinvent Albany has documented $4.4 billion in new corporate subsidies – most of them reimbursable tax credits – in the FY 2026 budget just approved by the Governor and Legislature. New York State is spending roughly $5 billion a year in taxpayer fu…