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A closer look at the state budget, and how it ended up the latest in 15 years

  • On Friday, Governor Hochul approved and enacted New York's $254 billion budget for fiscal year 2026 during an event at Johnson Middle School in Johnson City.
  • The budget was delayed 38 days past the April 1 deadline after extended policy disputes and Hochul insisted on holding it until her priorities, like discovery law changes, were included.
  • The package includes middle-class tax cuts, scaled-back inflation rebate checks, expanded child tax credits, first housing access vouchers, and reforms to discovery and mental health commitment laws.
  • Hochul remarked that the students present were likely the first in the state's history to witness the moment the New York State Budget was officially signed.
  • The late budget reflects ongoing legislative exhaustion and complex negotiations, with criticisms on affordability measures but leaves room for possible future special sessions.
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The Daily News broke the news on Friday, May 9, 2025.
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