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New York State budget tweaks Foundation Aid formula

  • New York Governor Kathy Hochul signed a $254 billion state budget for fiscal year 2026 that includes the creation of a new Office of Gun Violence Prevention.
  • The budget responds to increasing safety and public health concerns by funding community violence intervention, youth programs, and expanding mental health and discovery reforms.
  • It also invests heavily in affordable housing, education, climate resiliency, public transit, and provides tax relief aimed at middle-class families and working New Yorkers.
  • The budget provides $357 million dedicated to programs aimed at preventing gun violence and includes $2 billion in inflation relief payments, offering up to $400 to more than 8 million residents.
  • While supporters praise historic investments and reforms, critics highlight concerns over spending growth, budget secrecy, and the delayed approval process that lasted over a month.
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empirereportnewyork.com broke the news in on Monday, May 12, 2025.
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