The FY 2022 Enacted Budget reimagines, rebuilds and renews New York in the wake of the ongoing COVID-19 pandemic.
New York's strong fiscal management and relentless pursuit to secure the federal support that the pandemic demanded helped not only to balance our budget, but also make historic investments to reimagine, rebuild and renew New York in the aftermath of the worst health and economic crisis in a century.
This budget continues funding for the largest-in-the-nation $311 billion infrastructure plan, establishes a groundbreaking program to provide affordable internet for low-income families and enhances public safety through police reforms, all while continuing to provide relief to New Yorkers and small businesses as we recover from the pandemic.
FY 2022 Enacted Budget
Watch: Governor Cuomo's Budget Presentation
Governor Cuomo presents highlights of the FY 2022 Enacted Budget.
Jumpstarting Our Economy
A robust $1 Billion small business, arts, entertainment and restaurant relief package will help businesses and other organizations recover from the impacts of the pandemic.
This first-in-the-nation legislation requires internet service providers to offer an affordable $15 per month high-speed internet plan to qualifying low-income households.
The FY 2022 Budget supports the Governor's infrastructure plan - the largest in the nation and the most expansive in State's history - that will create thousands of jobs across the State.
Taxes and Housing Relief
The FY 2022 Enacted Budget continues to lower Personal Income Tax rates for middle-class New Yorkers.
The Budget provides a personal income tax credit for NY resident homeowners with incomes up to $250K if their total property tax exceeds a fixed percentage of their income.
The program will support households in rental areas that have experienced financial hardship, are at risk of homelessness and that earn less than 80% of area median income.
FY 2022 Budget Initiatives
New York's ambitious Green Energy program will spur more than $29 billion in public and private investment across the state and create 12,400 megawatts of green energy.
The Budget directs $2.3 billion in Federal child care resources to expand the availability, quality and affordability of child care.
The Budget authorizes the withholding of up to 50% of state and federal funds from jurisdictions that fail to produce a police reform plan and comply with Executive Order 203.