Governor Hochul Announces Agreement on FY 2023 New York State Budget

Governor Kathy Hochul today announced an agreement to address key priorities in the Fiscal Year 2023 New York State Budget. This bold and fiscally responsible plan makes historic investments in communities across the State that will bring relief to New Yorkers recovering from the pandemic and launch New York’s economic comeback.

The State’s reserves in this plan will increase to a record level of 15 percent of State Operating Funds spending by FY 2025, as proposed by the Governor in her Executive Budget.

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