This past decade was the hottest ever recorded, and the five hottest years in history have all occurred since 2015. New York will continue its record as the most aggressive climate leader in the world through a $33 billion five-year plan to combat climate change. This nation-leading, first of its kind plan will transition the State to renewable power while combatting climate change.
Restore Mother Nature: Centered on the Governor’s $3 billion Restore Mother Nature Bond Act, New York State will reduce flood risk, invest in resilient infrastructure and revitalize critical fish and wildlife habitats by connecting streams and waterways, right-sizing culverts and dams, restoring freshwater and tidal wetlands, reclaiming natural floodplains, restocking shellfish populations and upgrading fish hatcheries, preserving open space, conserving more forest areas, replanting more trees, reducing contamination from agricultural and storm water runoff, and expanding renewable energy. This wide-reaching environmental conservation and resiliency investment includes support from the Department of Environmental Conservation and the Environmental Protection Fund. This is a key component of the Governor’s $33 billion five-year plan to combat climate change.
Green Energy: Governor Cuomo has set New York on course to achieving 70 percent of its electricity from renewable sources by 2030, and zero greenhouse gas emissions from the electricity sector by 2040. Under his leadership, the State has made substantial progress toward these goals with significant investments in energy efficiency, solar energy, wind energy and energy storage. To help achieve these goals, the Climate plan invests $28 billion through NYSERDA, New York Green Bank, NYPA and the Regional Greenhouse Gas Initiative to develop, support and expand carbon-free energy production, build the infrastructure such as transmission lines and energy storage that make renewable energy sources viable and work with our regional partners in driving down carbon emissions. This is a key component of the Governor’s $33 billion five-year plan to combat climate change.
Carbon-Free Transportation: New York already has the second most efficient transportation sector and lowest CO2 emissions per capita of any state. New York is a leader in electric vehicles – or EVs – thanks to the Charge NY initiative launched by Governor Cuomo in 2013. Charge NY set ambitious goals – 30,000 EVs and 3,000 EV charging stations by the end of 2018 – and exceeded them. Over 50,000 electric vehicles have been purchased in New York since 2013 — more than 48 other states. The Climate Budget invests $370 million to continue to reduce carbon emissions in New York State. This is a key component of the Governor’s $33 billion five-year plan to combat climate change.
Banning Single Use and Packaging Styrofoam Products: To build on the progress of last year's plastic bag ban, the Governor is proposing new legislation to prohibit the distribution and use of expanded polystyrene, commonly known as Styrofoam, single-use food containers and packaging materials by January 1, 2022.
Enacting Comprehensive E-Bike and E-Scooter Legislation: To get more people out of cars, the Governor is proposing comprehensive legislation to legalize and expand the e-bike and e-scooter network without compromising on public safety.
Making the Fracking Ban Permanent: The Governor will introduce a bill to permanently ban fracking by amending environmental conservation law to restrict the Department of Environmental Conservation from approving permits that would authorize an applicant to drill, deepen, plug back or convert wells that use high-volume hydraulic fracturing to complete or recomplete natural gas resources, protecting the health of New Yorkers and ensuring permanently that our environment is not harmed by this practice. This bill reflects an important step forward toward achieving New York’s clean energy economy goals.
Renewing Record Funding for the Environmental Protection Fund: The Budget continues EPF funding for a second straight year at a record high $300 million. Appropriations include $39 million for solid waste programs, $89 million for parks and recreation, $152 million for open space programs and $20 million for the climate change mitigation and adaptation program.
Economic development follows infrastructure, and while the country sits idle New York State is forging ahead with the nation’s most aggressive $275 billion infrastructure program that is transforming every region of the State. Under the Governor’s leadership, New York is investing more today in roads and bridges than at any period in our State’s history, and the state has already completed $65 billion in construction, more than any state in the nation. Building upon these historic investments, Governor Cuomo will continue to lead the way on creating a 21st Century transportation infrastructure that moves New York’s economy forward and improves quality of life for our residents and visitors.
DOT Capital Plan: The FY 2021 Budget will support $11.9 billion for the two-year DOT Capital Plan that will transform New York’s highways, bridges, rail, aviation infrastructure, non-MTA transit and DOT facilities. Compared to the final two years of the last DOT Capital Plan, this is an increase of $3 billion, or 33 percent.
MTA Capital Plan Commitment: The FY 2021 Budget will continue to support the $52 billion MTA Capital Plan – the largest state investment in history. This investment includes $3 billion to make up to 70 subway stations accessible.
Upstate Airport Economic Development and Revitalization Competition Round 2: The FY 2021 Budget will invest up to $100 million to continue transforming upstate airports with Round 2 of the Upstate Airport and Economic Development Revitalization Competition. Airports across the state will be encouraged to submit proposals to enhance safety and economic development, improve airport operations and access, reduce environmental impact and create better passenger experiences.
Reimagining the Erie Canal. Building on the findings of the Reimagine the Canal Task Force, the New York Power Authority, which now oversees the Canal Corporation as a subsidiary, will invest $300 million over the next five years to integrate the Empire State Trail and Erie Canal through a new program that will stimulate tourism and economic development, address environmental challenges unknown a century ago, and create an asset that will improve the quality of life in communities along the 360-mile spine of the Erie Canal. A first phase of funding will start this year that will have two parts: a $100 million economic development fund to invest in communities along the Canal and a separate $65 million investment in solutions that will help prevent ice jams and related flooding in the Schenectady area. The remaining $135 million of the plan's funding will subsequently be allocated to research recommended by the Reimagine Task Force, as well as to solutions related to flood mitigation, invasive species prevention and ecosystem restoration.
Empire Station: The State is investing $700 million to leverage a total of $3 billion, including from private sector and Federal sources, for the transformation of the James A. Farley Post Office building into the Moynihan Train Hall. Combined with extensive renovations at the existing Penn Station, this will create a new Empire Station. In his 2020 State of the State, Governor Cuomo announced a proposal to expand Penn Station southward to create the Empire Station District. The plan creates new, larger terminals, and will increase track and train capacity by 40 percent, addressing the underlying and most critical problem at the busiest transit hub in the Western Hemisphere.
Regional Targeted Investments are Working
The Governor will continue to advance economic prosperity for all with projects that build on the state’s successful regional economic development strategy.
Securing a High-Speed Electron-Ion Collider at Brookhaven: The FY 2021 Budget supports a $100 million multi-year commitment to secure a High-Speed Electron-Ion Collider at Brookhaven to build the region’s research triangle. The funding will allow for the construction of new support buildings, power distribution upgrades, a new cooling system and sustainability enhancements required for the new collider.
Modernizing Lake Placid Olympic facilities, Gore and Belleayre Mountains: The FY 2021 Budget will invest $147 million to modernize Lake Placid Olympic Facilities, Gore Mountain, and Belleayre Mountain.
Creating the State's First Comprehensive Education and Training Center in Syracuse: To meet the emerging science, technology, engineering, arts, and mathematics demands in Syracuse, the Executive Budget proposes the creation of the State’s first regional Comprehensive Education and Workforce Training Center in Central New York. Administered by the Syracuse City School District in partnership with SUNY Empire State College and other local colleges and universities, the Center will provide specialized educational opportunities and state of the art workforce training programs in advanced technologies to students and residents throughout the region. The State will reimburse 98 percent, or $71.4 million, of the cost to renovate the building that will house the Center. The Syracuse Comprehensive Education and Workforce Training Center is scheduled to open in 2021 and will serve ultimately 1,000 students, as well as residents of the community.
Transforming Buffalo's North Aud Block: The State will develop Buffalo Canalside's North Aud Block and improve access to the city’s waterfront, featuring mixed use residential and commercial buildings and a piazza for public use, based on community and stakeholder input. This also includes the rail station that is forthcoming in Buffalo and its coordination with the new North Aud Block neighborhood.
Expanding High Technology Companies in Rochester: The Governor is supporting the expansion of three industry-leading high technology companies in the City of Rochester that will further grow the Finger Lakes regional economy as part of the Governor's continued commitment to growing the high-tech ecosystem in and around Rochester's Downtown Innovation Zone. The expansion of these companies will create more than 700 jobs in and near Rochester's Downtown Innovation Zone.
Expanding New York’s Drone Corridor: The Governor is investing $9 million to establish an unmanned aerial system experimentation and test facility at Griffiss International Airport in Rome, Oneida County. This “Skydome” will be a year-round indoor research facility to support the safe experimentation of drone technology and techniques, further strengthening the Mohawk Valley and Central New York as a hub for innovation.
Phase II Capitol Courtyard Restoration: The FY 2021 Executive Budget will invest $5 million to enhance the State Capitol by renovating and refurbishing the courtyard to bring it back to its original grandeur and make it sustainable for commercial use.
Transferring Pier 76 Tow Pound to Hudson River Park for Reuse: Governor Cuomo is proposing that the Hudson River Park Trust develop a plan to effectuate the long deferred transfer of Pier 76 from its use as a tow pound for the NYPD to the control of the Hudson River Park Trust to integrate into the park complex, maximizing green space, recreation and community access and market potential. As part of the proposal, the NYPD must vacate within one year and the Hudson River Park Trust should also develop an improvement plan for Pier 40.
Vital Brooklyn Initiative: The FY 2021 Executive Budget will continue to invest in the $1.4 billion Vital Brooklyn Initiative. The funding will help build 32 healthcare centers, 4,000 new affordable homes and over 400 acres of newly opened green and recreational space.
South Bronx Transformation: The Budget will support $1.8 billion for the South Bronx transformation – the largest state investment the South Bronx in the State’s history. Projects to transform the South Bronx include the Sheridan Boulevard, Hunts Point Market and four new Metro-North stations in Bronx transit deserts.
Launching Next Round of the Downtown Revitalization Initiative: The Downtown Revitalization Initiative is transforming downtown neighborhoods into vibrant communities where the next generation of New Yorkers will want to live, work and raise families. Participating communities are nominated by the State's ten REDCs based on the downtown's potential for transformation. Through four rounds of awards, each winning community was awarded $10 million to develop a downtown strategic investment plan and implement key catalytic projects that advance the community's vision for revitalization. The FY 2021 Executive Budget provides $100 million for a fifth round of the Downtown Revitalization Program.
Continuing the Successful Regional Economic Development Councils: In 2011, Governor Cuomo established 10 Regional Economic Development Councils to develop long-term regional strategic economic development plans. Since then, the State has invested more than $6.9 billion through the REDCs, funding more than 8,300 projects and supporting more than 240,000 jobs across the state. The FY 2021 Executive Budget includes $750 million to continue our aggressive, bottom-up regional economic development strategy through the transformative REDC initiative.
Protecting Organizations Vulnerable to Hate Crimes: The FY 2021 Budget will invest an additional $25 million for religious and non-religious not-for-profit organizations that are vulnerable to hate crimes. This funding builds on the $70 million the State has already made available for these organizations to fight back against hate.
Increasing and Modernizing Emergency Response Capacity: Over 60 percent of New York counties have been flooded twice in the past 10 years. We must be ready to handle these increasing, life-threatening, emergency situations. It is a new and growing challenge for our state operations. The FY 2021 Executive Budget sustains $12 million in capital funding to increase and update the State’s emergency response capacity so our brave women and men have the right equipment to do their jobs.
Banning Repeat and High-Risk Sexual Offenders from MTA Transit Systems: The Governor will advance legislation to authorize the MTA to issue orders prohibiting individuals who commit repeat sex-related violations of the MTA code of conduct, those who are high-risk sex offenders (Level 3) or those who assault or harass MTA employees from using MTA transportation services for a period of three years. Additionally, this proposal will establish a new law for transit-related sex crime where, if convicted, a prohibition order may be imposed by a judge to ensure the safety of the pubic. Under this proposal, as a condition of pre-trial release, the judge may also issue a temporary prohibition order if good cause is shown that the prohibition is necessary to maintain public safety. Individuals who violate a prohibition order could be charged with Transit Trespass, an A misdemeanor.
Enhance Highway Worker Safety: The FY 2021 Executive Budget includes a new measure to implement the Slow Down and Look Out for Highway Workers and Pedestrians Act of 2020, also known as the SLOW Act. This measure imposes tougher criminal penalties for violent actions against highway workers and increased safety measures for pedestrians and cyclists.
Protect Transportation Workers from Harassment: New legislation expands the list of employee titles who are protected by law from physical attacks and adds further protections by making several forms of aggravated harassment against a transportation worker a Class A misdemeanor.
Empowering State Police to Investigation Internet Crimes Against Children: Legislation in the FY 2021 Executive Budget grants the State Police Superintendent the right to issue administrative subpoenas as a way empower the State Police to investigate internet crimes against children. This new power will enable the State Police to move quickly to identify and locate persons suspected of online sexual exploitation of minors by streamlining the subpoena process necessary to obtain their online records.
Banning Fentanyl Analogs to Further Combat the Opioid Epidemic: The Governor will introduce legislation to explicitly designate fentanyl analogs as controlled substances in New York State. This legislation will give police and law enforcement the authority to prosecute the manufacturing, sale and distribution of these drugs to the fullest extent of the law. The proposed legislation will also give the State Department of Health Commissioner the authority to add additional analogs to the list of controlled substances, enabling the State to stay in front of these deadly substances as they appear on the market.
Preventing the Manufacture and Dissemination of Ghost Guns: To address the growing concern over ghost guns, Governor Cuomo will advance comprehensive legislation to prevent access to and use of these weapons. First, this proposal would require individuals to obtain major components of a firearm, rifle or shotgun only through an in-store transaction at a licensed gun dealer. Second, licensed dealers would be required to distribute major components only to individuals who possess valid identification and to log all transactions and would require all unfinished frames and receivers to have a serial number issued by the State Police. Third, the proposal would prohibit individuals who cannot legally possess a rifle or shotgun from possessing a major component part that could be used to build a firearm, rifle or shotgun and create new misdemeanor and felony penalties for violating these new provisions.
Closing the Out-of-State Gun Loophole: Governor Cuomo will advance legislation to prohibit individuals from obtaining a gun license who commit serious offenses out-of-state that would disqualify them from obtaining a gun license if committed in New York. This will provide greater consistency in New York's licensing scheme and ensure individuals who are prohibited from purchasing a firearm are not able to do so. The Governor is also advancing legislation to require all state and local law enforcement agencies in the state to opt in to the ATF's crime gun trace data sharing program and submit crime guns recovered through the ATF's eTrace system. Additionally, Governor Cuomo is proposing legislation to amend the Mental Hygiene Law to allow New York to share reports of individuals who are a danger to themselves or others with other states.
Legalizing Cannabis: This year Governor Cuomo is proposing a comprehensive regulatory approach to legalize cannabis, creating a new Office of Cannabis Management to specialize in cannabis regulation - overseeing the medical, adult-use and hemp programs. The proposal will administer social equity licensing opportunities, develop an egalitarian adult-use market structure and facilitate market entry through access to capital, technical assistance and incubation of equity entrepreneurs. The proposal will also correct past harms to individuals and communities that have disproportionally been impacted by prohibition. To safeguard public health, the proposal limits the sale of cannabis products to adults 21 and over and establishes stringent quality and safety controls including oversight over the packaging, labeling, advertising and testing of all cannabis products. These efforts will be done in coordination with neighboring states Connecticut, New Jersey and Pennsylvania. The Governor will also propose creating a first of its kind Global Cannabis and Hemp Center for Science, Research and Education with SUNY and other expert partners.
Passing the Hate Crime Anti-Terrorism Act: To address the disturbing number of anti-Semitic and other discriminatory attacks in New York, the Governor is proposing a first-in-the-nation domestic terrorism law to include mass violence motivated by hate, creating a new A-1 class felony punishable by up to life in prison without parole. The Governor is also proposing New York schools add a curriculum that teaches civic values and the state's rich history of diversity and religious freedom. The Battery Park City Authority will develop a plan to expand the Museum of Jewish Heritage on the Holocaust to be a learning destination for school children across the state.
Funding for State Police Hate Crimes Task Force: The State Police Hate Crimes Task Force was established by the Governor in the 2018 to address the increase in bias-motivated threats, harassment and violence throughout New York State. The FY 2021 budget includes $2 million to support the Task Force’s on-going work, and to bolster the monitoring of digital media which promote violence, intolerance, selling of illicit substances and terrorism.
Education Curriculum on Diversity and Tolerance: The Governor is proposing New York schools add a curriculum that teaches civic values and the State's rich history of diversity and religious freedom. Students in New York City studying the Holocaust will visit cultural sites such as a Holocaust museum to deepen their understanding of these historical events.
Adding E Pluribus Unum to the State Coat of Arms: Our founding fathers said clearly that the idea of unity was the key to America's future. In 1782, on the first seal of the United States, they said it in three simple words - E pluribus unum, out of many one. This federal government and our nation seem to have forgotten that essential American principle. In this time of turmoil, New York State will remind the nation of who we are by adding E pluribus unum to the State’s coat of arms, proclaiming at this ugly time the simple truth that without unity we are nothing.
Banning Contributions from Foreign-Influenced Corporations: The FY 2021 Budget includes a proposal to ban corporations from contributing to political campaigns in New York, or from making independent expenditures to influence elections, if a single foreign entity controls 5 percent ownership. The proposal would also ban corporations with more than 10 percent ownership in aggregate by two or more foreign entities from making such contributions or expenditures. Finally, the proposal will ban campaign spending if more than 10 percent of a corporation’s board members are foreign nationals, or a foreign national participates in the decision making with respect to a corporation's political activities in the United States. Our nation’s campaign finance laws state that “foreign nationals” are barred from spending in any American election, city, state or federal. Since that’s true for individual foreigners, it must also be true for the corporations owned or controlled by them.
Requiring Public Officials to Disclose Their Tax Returns: Governor Cuomo will propose the "Nothing to Hide" Act in the FY 2021 Executive Budget to make our government the most transparent in the nation. The law will require that the Governor, the Lieutenant Governor, the Attorney General, the Comptroller, every state commissioner and every Assembly Member and Senator make their tax returns public. Further, any elected official in the State with a government salary over $100,000 a year will have to do the same.
Requiring Automatic Manual Recounts in Close Elections: To fortify confidence in the integrity of election results in every race around the state, Governor Cuomo will introduce legislation establishing statewide standards for when automatic ballot recounts are triggered and the process for how such recounts will be carried out. The legislation will require automatic, manual recounts in all statewide elections in which the margin of victory for a candidate or ballot proposition is 0.2 percent of all votes cast in the contest. It will also require an automatic manual recount in all other elections in which the margin of victory for a candidate or ballot proposition is 0.5 percent of all votes cast.
Counting Every New Yorker in the 2020 Census: The FY 2021 Executive Budget will invest an additional $10 million to ensure a fair and complete count of every New Yorker in the upcoming 2020 census. This funding builds on the $60 million the State is already investing to inform the public about the Census, encourage residents to complete the questionnaire and reach hard-to-count communities. This will bring the state’s financial support to up to $70 million for the 2020 Census.
In 2011, Governor Cuomo created the Medicaid Redesign Team – or MRT – after unsustainable Medicaid spending contributed to a $10 billion budget deficit. The MRT developed a series of recommendations to immediately lower costs and revamp and improve the program. Today, 95 percent of New Yorkers now have health insurance and 6 million New Yorkers are covered under Medicaid.
Although the State shoulders more than the $20 billion cost of Medicaid, local governments are responsible for determining eligibility and administering certain programs. Because local governments are no longer responsible for the cost of their programs, there is no financial incentive to control costs and localities have failed to adequately monitor their programs, leading to overspending. Other factors, such as the cost of managed long term care, the $15 minimum wage, increasing enrollment and support to distressed hospitals, have also contributed to the increasing costs of the Medicaid program.
This year, the Governor will address the Medicaid shortfall with a new Medicaid Redesign Team – or MRT II – co-chaired by Michael Dowling, president and chief executive officer of Northwell Health, and labor leader Dennis Rivera. The MRT II will reform the State’s Medicaid program, preserve benefits and find $2.5 billion in savings. The MRT II will work to find industry efficiencies or additional industry revenue with zero impact to beneficiaries and report its findings in time for the April 1st budget deadline. Additionally, the Governor will empower the Medicaid Inspector General to root out waste, fraud and abuse in the Medicaid system. The state will commit to paying the entire increase in Medicaid costs for local governments as long as the local governments stay within the 2 percent property tax cap and control Medicaid costs to 3 percent growth per year – Medicaid growth for 2021 is projected to be 3.0 percent, allowing localities to increase without cutting State funding. Any local government that does not stay within those limits will be required to pay the total spending growth.
Housing and Services for People who are Homeless, Including Those with Mental Illness: New York’s homeless community and those with mental illness are among the hardest populations to help. This year, Governor Cuomo is proposing an aggressive strategy and the most funding in the State’s history to provide housing and services to these vulnerable populations. Building on the State’s $20 billion affordable housing and homeless initiative, the FY 2021 Budget doubles funding from $64 million to $128 million for the Homeless Housing Assistance Program and invests $5 million for projects for homeless veterans.
Combating Child Poverty with the Empire State Child Tax Credit: The FY 2021 Budget is supporting $2.9 billion for families with children under five years old, including $157 million to expand the Empire State Child Tax Credit. Currently this critical credit for low-and moderate-income families only applies to children 4-16 years old. This proposal will eliminate this unfair distinction and expand the tax credit to families with children between the ages of 0-3 making under $50,000. This will provide an average of a $400 benefit per family to nearly 400,000 working class families with children under four years old - approximately 172,500 families with children over the age of three will get an additional benefit and 225,500 families with children three and under will receive this benefit for the first time.
Stopping Vaping Products from Getting into the Hands of Youth: To protect youth from tobacco products, the Governor will introduce a comprehensive package to: ban the sale of flavored vaping products; ban all vaping-related ads targeted to youth; ban the sale of vaping carrier oils that include chemicals or ingredients that when inhaled through a vaping device are deemed to be dangerous and a significant public health risk; restrict the online, phone and mail order sale of e-liquids and e-cigarettes only to licensed vaping product retailers; end the sale of tobacco and e-cigarette products in pharmacies; and legislation to define indoor space and limit second hand smoke exposure.
Lowering Prescription Drug Prices for All New Yorkers: The Governor will create the Prescription Importation Commission to identify any potential consumer savings from importing drugs from Canada and to compile a list of drugs that could be imported through the program; and proposing that Pharmacy Benefit Managers will be required to immediately register with the State and be subject to regulations requiring disclosure of financial incentives or benefits for promoting the use of certain drugs, as well as other financial arrangements affecting customers. Additionally, the Department of Financial Services will be authorized to investigate pricing of any prescription drug if the price of such drug has increased by more than 100 percent within a one-year time period.
Capping Insulin Co-Payments: The Governor will propose capping the co-payments required of insured patients at $100 for a one-month supply of insulin.
Increasing Transparency in Healthcare Costs to Empower Patients: To enable consumers to more easily search for healthcare services, Governor Cuomo will direct the Department of Health, the Department of Financial Services and the New York State Digital and Media Services Center to create a consumer-friendly, one-stop website, called NYHealthcareCompare, where New Yorkers can easily compare the cost and quality of healthcare procedures at hospitals around the state.
The FY 2021 Executive Budget reflects the Governor's strong commitment to education equity through an $826 million annual increase in School Aid — a 3 percent increase that brings the State’s total annual investment to a historic $28.5 billion.
Investing a Record $7.8 Billion for Higher Education: The FY 2021 Executive Budget will increase higher education operating aid by $257 million – a 3.4 percent increase – bringing the State’s total investment to a record $7.8 billion.
SUNY and CUNY Projects Funding: Since FY 2012, the State has provided over $12 billion in capital appropriations for SUNY and CUNY to maintain and improve campus facilities. The FY 2021 Executive Budget includes $1.5 billion in new appropriations for capital projects on SUNY and CUNY campuses.
Expanding Universal Pre-Kindergarten: The Budget includes an additional $15 million investment in prekindergarten for three- and four-year olds to expand access in high-need districts because early learning can bridge achievement gaps and provide benefits in the earliest stages of youth and throughout adulthood.
Continuing the Empire State After School Program: The FY 2021 Budget provides $10 million to fund a fourth round of Empire State After School awards. These funds will provide an additional 6,250 students with public after school care in high-need communities across the State. Funding will be targeted to districts with high rates of childhood homelessness.
Growing Early College High Schools: To build upon the success of the existing programs, the Budget commits an additional $6 million to create new early college high school programs, like P-Tech. This expansion will target communities with low graduation or college access rates, and will align new schools with in-demand industries such as technology, sports management and finance.
Expanding Community Schools: The FY 2021 Budget continues the Governor's push to transform New York's high-need schools into community schools. This year, the Budget increases the community schools set-aside amount by $50 million. This increased funding is targeted to districts with failing schools and/or districts experiencing significant growth in homeless pupils or English language learners
The middle class and small businesses are the fuel that makes New York’s economic engine work. Throughout his tenure, Governor Cuomo has fought for tax fairness for all New Yorkers. Tax rates are now lower for every New Yorker than when the Governor first took office, statewide unemployment is down to 4 percent and the State has achieved the highest number of private-sector jobs in history – 8.3 million. The Governor has instituted the lowest middle class tax rate since 1947, the lowest manufacturer tax rate since 1917, and the lowest corporate tax rate since 1968. This year, the Governor will continue middle class tax cuts and cut tax rates for small businesses.
Continuing Middle Class Tax Cuts: Governor Cuomo will continue to lower Personal Income Tax rates for middle-class New Yorkers. In 2020, the third year of the multi-year tax cuts enacted in 2016, income tax rates have been lowered from 6.85 percent to 6.09 percent for taxpayers in the $43,000-$161,550 income bracket, and to 6.41 percent in the $161,550-$323,200 income bracket. These cuts are expected to save 4.7 million New Yorkers over $1.8 billion this year. Furthermore, income tax rates will continue to drop to 5.5 percent for taxpayers in the $27,900-$161,550 tax bracket and 6 percent in the $161,550-$323,200 bracket. When the cuts are fully phased in, middle class taxpayers will have received an income tax rate cut up to 20 percent, amounting to a projected $4.2 billion in annual savings for six million filers by 2025. As the new rates phase in, they will be the State's lowest middle-class tax rates in more than 70 years.
Lowering Tax Rates by 40 Percent for Small Businesses: To continue the State's robust economic growth and record of job creation, Governor Cuomo will enact comprehensive tax relief for small businesses, including reducing the corporate tax rate for small businesses from 6.5 percent to 4 percent, which will benefit 36,000 taxpayers and save them $35 million.
Deny School Tax Relief Program Benefits to Delinquent Property Owners: This measure would eliminate STAR benefits for homeowners that do not pay their property taxes. It would also require localities to report tax delinquents to the Department of Taxation and Finance so that a STAR credit or exemption can be withheld. Homeowners will be excluded from the STAR program until past-due property taxes are paid.
Mitigate Tax Fraud: The FY 2021 Executive Budget includes new measures to mitigate tax fraud and crack down on bad actors in the tax preparation industry.
Tax Benefits for Farmers: The FY 2021 Executive Budget includes an expansion of the current income exclusion for farmers and sole proprietors and an expansion of the refundability of the investment tax credit so that more farming businesses can qualify.
Expanding Access to New York Grown Agricultural Products: Since its inception in 2013, the Taste NY program has helped 1,100 local companies reach consumers across the globe. The New York Grown and Certified program, since its launching in 2016, has 3,000 participating farms, representing over 750,000 acres of farmland. Building on this success, the Executive Budget continues funding for initiatives that connect New York’s food and beverage producers with consumers, including $28.9 million for the New York State Grown and Certified program. This program is designed to strengthen consumer confidence in New York State products, address food product labeling, and assist New York farmers so they can take advantage of the growing demand for local, high quality food.
Build a New Equine Drug Testing Lab: Legislation in the FY 2021 Executive Budget will authorize The New York Racing Association, Inc. to use capital funds to finance, construct and equip a new state-of-the-art equine drug testing laboratory and research center. The Executive Budget also proposes enabling New York to enter the Mid-Atlantic Drug Compact, which is designed to facilitate uniform passage of previously agreed-upon rules pertaining to equine medication and testing procedures.
Prevailing Wage: Governor Cuomo proposes legislation requiring that workers on projects with a significant public subsidy would be paid a prevailing wage. This legislation will ensure New York’s largest-in-the-nation building program is not cutting corners when it comes to the construction of our infrastructure.
Protecting Gig Economy Workers: This year a significant percentage of the workforce will be in jobs related to the new "gig economy." This emerging sector has spurred exciting consumer innovations, however, many of the gig economy workers are excluded from the unprecedented employee protections and rights New York has enacted because the law has not caught up with changes in the economy. Governor Cuomo will propose a task force of stakeholders to solve this before May 1, 2020. If it is not resolved, we cannot wait for fairness, and the Department of Labor will be authorized to enact regulations to protect workers.
Ensuring Justice for Victims of Wage Theft: New York has among the strongest laws in the nation with respect to wage theft. Often, judgments are difficult to collect when a worker has prevailed in court. The current laws create barriers in enforcement of that judgment. Governor Cuomo will advance legislation to ensure that in cases where a claim would not be collected, that a judge could authorize the placement of a lien to ensure that victims can be made whole.
First-in-the-Nation Protections Against Union Busting: The FY 2021 Budget proposes safeguards for public sector unions following the United States Supreme Court's decision in Janus v. AFSCME. The proposal requires employers to provide employee organizations access to new employee orientations if the public employer conducts such orientations and provides technical corrections to strengthen union protections passed in the FY 2020 Budget.
Protect Older New Yorkers from Financial Exploitation: This proposal will strengthen banks' ability to place a hold on the bank account of a vulnerable adult if there is sufficient reason to believe that the adult is a victim of actual or attempted financial exploitation by creating parameters for the holds, providing financial institutions and employees with immunity from civil liability for holding transactions, and requiring reporting of the hold to the Office of Children and Family Services. The Department of Financial Services will also create a new certification program for banking institutions to bolster training and education in financial exploitation.
Making the "New York Buy American" Act Permanent: Governor Cuomo proposes making the Buy American Act, which is set to expire in April 2020, a permanent fixture in New York State. By requiring State agencies to use high-quality American-made structural iron and steel, we will continue to support the State’s steel and iron industry, create union jobs and ensure our infrastructure projects will last long into the future.
Advancing Women’s Rights
Legalizing Gestational Surrogacy in New York State: Building on our efforts from last year, Governor Cuomo proposes legislation to legalize gestational surrogacy in New York State once and for all, helping LGBTQ couples and couples struggling with infertility. The legislation will also establish criteria for surrogacy contracts that provide the strongest protections in the nation for parents and surrogates, ensuring all parties provide informed consent at every step of the process, and will create a Surrogates' Bill of Rights, which would ensure the unfettered right of surrogates to make their own healthcare decisions, including whether to terminate or continue a pregnancy and that surrogates have access to comprehensive health insurance and independent legal counsel of their choosing, all paid for by the intended parents. The Governor's legislation will also create a streamlined process for establishing parenthood when one of the individuals is a non-biological parent, a process known as "second parent adoption."
Banning the "Pink Tax": Governor Cuomo will advance legislation to prohibit gender-based pricing discrimination for substantially similar or like kind goods and services. The legislation would require certain service providers to post price lists for standard services and notice that gender-based price discrimination is prohibited under state law. Businesses that violate the law would be subject to civil penalties.