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.
New York Gov. Kathy Hochul (D) will face pressure from Democratic lawmakers to find new revenue sources for her $252 billion budget plan, as the state faces financial uncertainty under Washington’s new GOP control,
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.
New York’s Governor doles out welfare but skimps on public works.
New York is keeping secret its plan for new taxes and fees to fund $33 billion for the flailing Metropolitan Transportation Authority even as Gov. Kathy Hochul is set to propose her budget this week.
Enacted in 2021 and set to expire at the end of 2027, Hochul’s budget would extend it five years through 2032. Hochul’s executive budget will form the basis of negotiations with the state Legislature ahead of an April 1 deadline.
The lofty wish list — a $8.6 billion annual spending hike — runs in accord with the administration’s affordability agenda, which Hochul teased during last week’s State of the State address.
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.
NY Gov. Kathy Hochul is defending her support for congestion pricing after NYS Assembly Minority Leader Will Barclay questioned how her congestion pricing initi
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.
Gov. Kathy Hochul greeted commuters on the platform at Jamaica before speaking to Newsday on her train trip about congestion pricing and transit safety.