FY 2022 New York State Budget

Reimagine | Rebuild | Renew

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FY 2022 New York State Budget
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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

Fiscal Highlights

State Operating Funds spending is $111 billion with All Funds spending at $212 billion for FY 2022.
The FY 2022 Budget applies $5.5 billion in federal aid.
The Budget provides $29.5 billion in School Aid, a $3 billion, 11% increase; and $7.7 billion in State support for higher education.

Watch: Governor Cuomo's Budget Presentation

Governor Cuomo presents highlights of the FY 2022 Enacted Budget.

https://www.youtube.com/embed/J8ZcZ29tFKg

Jumpstarting Our Economy

$311 Billion Infrastructure Plan

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

Real Property Tax Relief Credit

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. 

$2.4 Billion to Protect Renters

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

Green Energy Program

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.

Police Reform and Public Safety

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.

Division of Budget

Find complete budget details, including the FY 2022 Enacted Budget legislation, on the Division of Budget website.