New York State Budget
A public record of what New York spends, what was requested, and where the gaps are — under Governor Kathy Hochul. Every figure carries its source.
The enacted FY2027 budget, signed 57 days late — up from a $252B (Executive proposal) Executive proposal.
Where the money landed
- Total enacted budget (FY2027)$252B (Executive proposal)~$268BIncreased
FY2027 (SFY 2026-27) enacted budget, signed May 27, 2026 — 57 days late. Source: governor.ny.gov FY27 agreement.
- Total School Aid (SY2026-27)$39.25B (Executive)~$39BIncreased
All-time high; +$1.7B over the prior year.
- Foundation Aid (SY2026-27)$27.14B (Executive)$27.4BIncreased
Minimum 2% increase to every district; formula tweaks for ELL, foster, and homeless students.
- Medicaid (Department of Health, state funds)$38.2B (Executive)~$40BIncreased
Preliminary enacted figure; MCO tax made permanent from Jan 1, 2027.
- Child care and Pre-K+$1.7B to $4.5B$4.5BIncreased
Path to universal child care; expands access for up to 100,000 more children.
- Universal free school meals$395M$395MIncreased
Free breakfast and lunch for every K-12 student, second consecutive year.
- One-time energy rebate$1B$1BIncreased
CBC criticized it as thinly spread across millions of households.
- MTA transit operating aid$8.6B (Executive)$8.6BIncreased
Roughly 40% of the MTA operating budget.
- MTA capital contribution (2025-29 plan)$4.2B state share$4.2BFlat
Toward the MTA's $68.4B 2025-2029 Capital Plan.
- NYPD subway policing aid$77M$77MIncreased
State funds to assist NYPD policing of the subway.
- Gun-violence prevention$352M$352MIncreased
Continues programs cited for record-low gun violence.
- Securing Communities Against Hate grants+$35M+$35MIncreased
Brings Hochul's total commitment above $131M.
- Affordable housing capital (additional)$250M$250MIncreased
Accelerates construction of new affordable homes.
- Clean water infrastructure (5-year)$3.75B$3.75BIncreased
Record five-year commitment.
- Local roads and bridges ("war on potholes")$1.4B$1.4BIncreased
Maintenance and repair of local roads and bridges.
- Aid to municipalities outside NYC$1B$1BIncreased
Aims to mitigate the need for local tax increases.
- Income tax on tipped wageseliminated up to $25Keliminated up to $25KReduced
New affordability measure cutting tax on tipped income.
Fiscal posture
- Total All Funds spending (FY2027 Financial Plan)—$277BWatch
Broader All-Funds accounting basis; a record level. Source: NY DOB Financial Plan reporting.
- Structural budget gap—exceeds $17BWatch
Citizens Budget Commission: budget adds nothing to rainy-day reserves and leaves a >$17B structural gap.
- Principal reserves (rainy-day + economic uncertainties)$14.6B$14.6BFlat
No new deposits despite projected surpluses, per Comptroller DiNapoli.
- Pied-a-terre surcharge (new revenue)>=$500M/yr>=$500M/yrIncreased
Surcharge on $5M+ NYC second homes; CBC called it unnecessary.
- State-supported debt outstanding$61.6B (current)rising toward ~$94BWatch
Debt service projected to rise sharply over five years, per DiNapoli.
- Tier 6 pension benefit increase$547M cost$547M costWatch
CBC flagged it as added pressure on local governments and schools.
The trend line
New York's enacted All Funds budget has grown every year of Hochul's elected tenure — roughly $39B since FY24.
Budget timeline
- FY24$229BEnacted May 2023 — 33 days late
First full budget of Hochul's elected term; bail-law revisions and a minimum-wage index dominated late negotiations.
- FY25$237BEnacted Apr 2024 — 19 days late
Housing compact (485-x), $2.4B for migrant costs, and a retail-theft package.
- FY26$254BEnacted May 2025 — 38 days late
Inflation-rebate checks, cell-phone-free schools, and discovery-law changes.
- FY27$268BEnacted May 27, 2026 — 57 days late
Universal child-care path, free school meals continued, a $1B energy rebate; Comptroller and CBC flag a >$17B structural gap.
Regional rollup
The budget reaches every region of New York. School aid is the clearest published regional proxy — each line is sourced to the Division of the Budget's district tables.
- New York City$15.02BSchool aid+$625.74M / +4.35% vs 2025-26. Executive Budget formula-based aids (regional enacted table not republished).
- Long Island$5.47BSchool aid+$200.45M / +3.80%. Nassau $2,255.49M; Suffolk $3,218.99M.
- Hudson Valley (Mid-Hudson)$4.12BSchool aid+$89.07M / +2.21%.
- Western New York$3.25BSchool aid+$99.21M / +3.15%. Erie $1,978.72M; Niagara $468.99M.
- Finger Lakes$2.85BSchool aid+$57.27M / +2.05%.
- Capital Region$1.94BSchool aid+$77.69M / +4.17%. Albany $527.80M; Saratoga $319.57M.
- Central New York$1.92BSchool aid+$56.51M / +3.03%. Onondaga $1,141.45M.
- Southern Tier$1.53BSchool aid+$50.33M / +3.40%. Broome $475.77M.
- Mohawk Valley$1.29BSchool aid+$45.34M / +3.63%. Oneida $636.05M.
- North Country$1.10BSchool aid+$21.11M / +1.96%.