From the NY State Democratic Committee – April 25, 2022
Accomplishments in FY23 Budget
Two weeks ago, Governor Hochul worked collaboratively with the legislature and delivered a historic $220 billion FY 2023 Budget that immediately responds to the most pressing issues facing New Yorkers and bolsters investments in our state’s recovery from the pandemic, all while remaining socially responsible and fiscally prudent. Please find topline accomplishments below: Public Safety: $227 Million for Gun Violence Prevention Programs, $90 Million to Expand and Implement Discovery and Support Pretrial Services, $143 Million in Investments for Mental Health Crisis Infrastructure, $62 Million for Cybersecurity.
Tax Relief: Fully implement reduced tax rates to 6.1 million New Yorkers, up to $250 million in additional relief to small businesses.
Education: $31.3 billion in total school aid, $1.6 billion in foundation aid, $1.5 Billion for SUNY and CUNY, and $150 million to expand TAP for part-time students and incarcerated individuals.
Childcare: Invests $7 billion over 4 years to greatly expand subsidies to families earning up to 300x AMI, as well as delivers significant support for existing providers. Expands quality Pre-K statewide.
Largest Investment in Public Health in State History: A $10 billion multi-year investment, including $4 billion to support wages for healthcare workers will restore our depleted workforce and build the healthcare system of tomorrow.
Infrastructure: A $32.8 billion DOT capital plan will leverage Federal funding commitments to support the final phases of major infrastructure projects, and support new large-scale projects, including the 2nd Ave Subway expansion and Inter-Borough Express.
Environment: $4.2 billion for the Clean Water, Clean Air, and Green Jobs Environmental Bond Act, and $500M to develop NYS offshore wind supply chains and port infrastructure.
Housing: $25 billion, five-year housing plan that will create and preserve 100,000 affordable homes, including 10,000 homes with support services for vulnerable populations.