FY 2025 New York State Budget

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Historic Investments in the People of New York

The $237 billion enacted budget delivers on Governor Hochul’s promise to take on the tough issues and deliver results for New Yorkers. It includes record investments in the people of New York without raising income taxes, with hundreds of new initiatives that will help fight crime, fix our mental health system, and build more housing so that people can afford to live and thrive in New York.

Fiscal Responsibility
Fiscal Responsibility
No income tax increases
Reserves at 15%
Housing
Housing
485-x incentive
Extend 421-a
Office conversions
Lift FAR 12 cap
Unlock vacant units
Anti-price gouging
Statewide incentives
Pro-Housing communities
Build on State-owned sites
Stop deed theft
Public Safety
Public Safety
Retail theft
Unlicensed cannabis
Sammy’s Law
Gun violence
Hate Crimes
Domestic Violence
Ghost Cars
Education
Education
Back to Basics reading
Record School Aid
Update funding formula
TAP increases
Mayoral control
Mental Health
Mental Health
School-based clinics
200 new inpatient beds
Mental health courts
Healthcare
Healthcare
Modernize hospitals
Pre-natal leave
Maternal care
Medicaid funding
NY SWIMS
Reduce costs
Cost of Living
Cost of Living
Ban insulin co-pays
Medical debt protections
Property tax relief
Sustainaibility
Sustainaibility
25 million trees
Clean Water
Innovation
Innovation
Empire AI
ON-RAMP

This Budget is a blueprint for a safer, more affordable, more livable New York.

Governor Kathy Hochul

Governor Hochul Highlights Achievements of the FY 2025 Budget

https://www.youtube.com/embed/hlWKh2HMv9A