ALBANY, NY (WENY) — Wednesday, Gov. Kathy Hochul laid out her state executive budget to the legislature.
“It’s a thoughtful plan that furthers our progressive values and our priorities as New Yorker’s but also ensures fiscal responsibility,” Hochul said in her budget address.
Hochul’s proposed budget for the upcoming fiscal year comes in at $227 billion. The total budget is broken down into five categories including state operating funds, school aid, Medicaid, executive agencies, and other. The new budget comes in $2.5 billion–or 2% higher from the current one.
Assembly Member Phil Palmesano (R, C-Corning) said the total budget could push New York into further debt. He highlighted a recent report from the state’s Comptroller Thomas DiNapoli that revealed New York’s debt could increase 42% in the next five years.
“You take that record high debt, plus increased spending, that is a recipe for disaster for our quality of life and for our businesses and families that want to stay and live here,” Palmesano said.
Now that Gov. Hochul officially delivered her budget to the legislature, lawmakers can start the process of budget hearings where they will debate and outline where they feel fiscal priorities should be.
Palmesano said he looks forward to the process.
Assembly Speaker Carl E. Heastie (D-Assembly District 83) said he is confident in the legislature’s relationship with the governor to work through the details.
“Some things we’re going to be very closely aligned on and some things are just a different opinion,” said Speaker Heastie.
The budget hearings will take place over the next month–the deadline for the legislature to pass the budget plan is April 1.