Agreement reached on 2026 NYS budget

Gov. Hochul Explains 'Mohawk Valley Budget Wins'

Governor Kathy Hochul announced an agreement to the Fiscal Year 2026 State Budget this week.

House budget plan grows by $31.7 million on day two

BOSTON (SHNS) - Representatives met for about nine hours during the second day of their annual budget debate, adding $31.7 million to the bottom line of House Ways and Means' spending plan for fiscal year 2026. The $31.7 million that representatives voted to include Tuesday is added to the $18.4 million in additional spending they approved Monday. At the time he rolled out the budget, House Ways and Means Chairman Aaron Michlewitz made a point o…

Hochul says budget deal is in place

Gov. Hochul and Democratic legislative leaders announced a handshake agreement on a new budget for the 2026 fiscal year on Monday night.The $254 billion deal, which already was 28 days past the April 1 deadline, still has details to be…

Hochul announces agreement on state budget

NEW YORK — Gov. Kathy Hochul announced an agreement has been reached with legislative leaders on key priorities in the Fiscal Year 2026 New York State Budget. “I promised New Yorkers to fight like hell to put money back in their pockets and make our streets and subways safer. That’s exactly what this budget will do,” Hochul said in a news release Monday evening. “Working with our partners in the Legislature we’ve reached an agreement to pass a b…

Gov. Kathy Hochul highlights funding for MTA capital plan in $254 billion state budget agreement

Apr. 29, 2025 By Barbara Russo-Lennon New York lawmakers finally agreed on Monday to the state’s FY2026 budget, which includes an increased payroll tax to help fund the next MTA’s five-year capital plan for transit improvements. Gov. Kathy Hochul said funding for the MTA’s $68 billion plan will come through a higher payroll mobility tax (PMT) for the NYC metro area — a potential source of funding that has been considered for weeks leading up to …

Governor Hochul announces agreement on $254 billion New York State budget

An agreement has been reached with legislative leaders after nearly four weeks of negotiations in Albany. The estimated budget will still need approval from the New York State Assembly and Senate.