When am I getting my budget surplus refund check?
The New York State Budget is $227 Billion…..
It is the second largest behind California …..
Hochul wants record increases in education and Medicaid spending — to $34.4 billion and $27.8 billion respectively. Hochul’s plan would set aside more than $1 billion to help New York City pay some costs of providing social services to new asylum seekers.
She proposed new funding streams for the beleaguered Metropolitan Transportation Authority, including raising payroll taxes on downstate businesses, using revenue from planned casinos and setting aside $300 million in one-time aid. She also rejected any income tax increases.
She laid out various provisions of her plan for 800,000 new homes over the next decade, which would require municipalities around the state to meet housing production targets or make zoning changes.
And she announced a four-year extension for completing projects covered by the expired 421-a tax break, but did not suggest a specific replacement for the incentive program that builders say will be necessary for the kind of housing growth she is seeking…..
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