GOVERNOR HOCHUL ANNOUNCES HISTORIC INVESTMENTS OF FY 2025 NEW YORK STATE BUDGET

Balanced $237 Billion Budget Does Not Raise Income Taxes or Statewide Business Tax
Governor Brokered Landmark Housing Deal to Increase Housing Supply and Protect Tenants
Cracks Down on Organized Retail Theft and Helps Business Owners Increase Security
Expands Offenses Eligible for Prosecution as Hate Crimes; $35 Million to Protect Houses of Worship
Invests $35.5 Billion In Medicaid to Support New York’s Health Care System
$550 Million Annually to Support the Transformation Of New York’s Safety Net Hospitals
Increases Youth Mental Health Care Services and Resources for New Yorkers with Serious Mental Illness
Increases School Aid by $1.3 Billion to Nearly $36 Billion and Goes “Back to Basics” to Teach the Science of Reading
Action to End the Proliferation of Illicit Cannabis Operations
$275 Million to Establish New York’s Empire AI Consortium
More Than $8.7 Billion for Transit Systems, $7.7 Billon for Critical Infrastructure, $100Million to Pave Potholes
Action to Accelerate the Clean Energy Transition, Plant 25 Million Trees, and Safeguard Clean Water
Actions to Help Members of Every Community Grow and Thrive, Including $36 Million to Support Abortion Care
$55 Million to Advance New York State as Leader in the Dairy Industry.

For more information click here:

Greater New York Chamber of Commerce 212-CHAMBER