Executive Budget Overview
Governor Hochul unveiled a balanced budget for FY 2025 that contains record investments and no income tax increases. This budget reflects Governor Hochul’s commitment to making New York more affordable, more livable and safer – while utilizing a fiscally responsible approach that keeps the State on a steady path for years to come.
FY 2025 Executive Budget Highlights
Improve Public Safety and Crack Down on Crime
Targeted investments to help keep New Yorkers safe from retail theft, domestic violence, hate crimes and more.
Supporting New York's Health Care System
The Executive Budget includes record funding to keep New Yorkers healthy & investments to support our Medicaid program for years to come.
Transform the Mental Health Continuum of Care
Governor Hochul will invest $4.8 billion to address serious mental illness and the youth mental health crisis.
Record-Breaking Investments in Public Education
$35.3 billion, an $825 million increase from FY 2024, is the highest-ever investment in education in State history.
Promote Economic Growth and Opportunity
The Executive Budget includes high-tech manufacturing investments to support the jobs and industries of the future.
Fight Climate Change and Promote Resiliency
The Executive Budget includes $435 million for resiliency projects and $47 million to plant 25 million trees by 2033.
Continued Focus on Housing
The Executive Budget includes investments to address the housing crisis and promote housing growth across the State.
Safer Roads and Better Transit
Investments include $100M to Pave Our Potholes, support for road and bridge repair, and funding for transformative public transit projects.