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Gov. Hochul Talks $268.5 Billion Final N.Y. State Budget
The spending plan scales back climate targets, blocks formal police-ICE agreements and adds aid for cities, schools and hospitals.
- On Thursday, Governor Kathy Hochul signed New York's $268.5 billion state budget, finalizing a spending plan eight weeks after the original April 1 deadline.
- Lawmakers softened New York's climate change goals by replacing a mandate to cut greenhouse-gas emissions 40% by 2030 with a 60% reduction target by 2040, a shift Hochul said lowers costs for consumers.
- The budget prohibits local police agencies from maintaining formal 287 agreements with federal immigration authorities, though it stops short of banning informal cooperation between officers.
- New York City Mayor Zohran Mamdani secured more than $1.5 billion in state aid to close a city budget deficit, while the state will distribute $1 billion in energy rebate checks to households.
- Citizens Budget Commission president Andrew Rein criticized the budget for failing to bolster the $14 billion rainy-day fund, warning that the state squandered an opportunity to strengthen its fiscal foundation.
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The $268 billion N.Y. State budget is finally done. What did we gain or lose?
Despite weeks of delays, New York State legislators and Gov. Kathy Hochul finally reached an agreement, passing a $268.5 billion budget for the 2026-27 fiscal year. “We got it done. We got changes. I’ll be signing a budget that’ll put more money back in your pockets—something we’ve been laser-focused on my entire tenure as your governor—and also just puts everyday people above excessive corporate profits. Those are our priorities. That’s who we’…
Coverage Details
Total News Sources15
Leaning Left9Leaning Right0Center3Last UpdatedBias Distribution75% Left
Bias Distribution
- 75% of the sources lean Left
75% Left
L 75%
C 25%
Factuality
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