Gov. Kathy Hochul's proposed budget includes about $6.9 billion for state-owned road and bridge construction and repair, $3 billion toward the Metropolitan Transportation Authority’s latest capital plan and boosts to the operating budgets of the MTA and other downstate transit agencies.
The MTA was waiting on Albany to help fund the $33 billion gap in its $68.4 billion 2025-2029 capital plan, but Hochul left out any proposals to bridge the deficit in her $252 billion fiscal year 2026 executive budget proposal released Tuesday, essentially saying the MTA’s plan was too big to approve at this time.
Some lawmakers say the governor is trying to raise her lagging polling numbers ahead of 2026, when she would be up for reelection.
The $252 billion proposal represents the largest spending plan of Hochul’s tenure and includes a pledge to modestly decrease the tax rate on households making under $323,200 a year. She has also proposed an expansion of a child tax credit for those with children under 4 years old.
It’s cynical and it’s kind of a projection of fearfulness rather than strength,” John Kaehny, Executive Director of good government group Reinvent Albany, told The Post.
Kathy Hochul proposed a $252 billion budget on Tuesday that calls for extending a tax hike on millionaires and increasing spending on Medicaid. But her plan omits specifics about how she will work with lawmakers to shore up the finances of the Metropolitan Transportation Authority and declines to send the city any new funding for the migrant crisis.
New Jersey Gov. Phil Murphy announced he filed a lawsuit to halt congestion pricing in neighboring New York, expressing concern for the environment and the working class.
NY Gov. Kathy Hochul is defending her support for congestion pricing after NYS Assembly Minority Leader Will Barclay questioned how her congestion pricing initi
Hochul's fiscal year 2026 budget proposal includes $8 million to bolster security at the northern border and "power-ready" sites to attract new businesses.
Affordability. That subject — encompassing a myriad of pocketbook issues spanning from housing to child care — was a major theme in Gov. Kathy Hochul’s fourth State of the State address on Tuesday in the Kitty Carlisle Hart Theatre at The Egg in Albany.
Ahead of her address, Hochul released a nearly 150-page book detailing her budget for the 2026 fiscal year. Here are big takeaways from the plan and the numbers that make it up. $252 billion – The size of the state budget that the governor proposed for the 2026 fiscal year.
Although there was over $9 billion allotted for various transportation initiatives, the $252 billion fiscal year 2026 executive budget did not mention any funds for the Metropolitan Transportation Authority's 2025-2029 capital plan.