Hochul’s $260 billion budget proposal includes no new taxes, increased spending on kids
Gothamist • • nation
Key Points:
- New York Governor Kathy Hochul is proposing a $260 billion budget that includes increased spending on child care and school aid without raising business, sales, or income tax rates, citing strong Wall Street revenues and a progressive tax code.
- The budget extends higher corporate tax rates set to expire and plans significant new expenditures, including a $1.2 billion increase for a day care voucher program and $500 million for pre-kindergarten programs.
- Additional funding proposals include $77 million for extra police on the NYC subway, $535 million to pay National Guard personnel in prisons, $20 million for Riverbank State Park, and $5 million for World Cup-related soccer fields.
- The state expects an additional $3.7 billion in revenue for the current
