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Hochul signs $237 billion state budget, making it official three weeks late

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  • Staff Report 

Governor Kathy Hochul has officially signed a $237 billion state budget, following approval by both the New York State Senate and Assembly, which concluded nearly three weeks overdue. This budget encompasses a series of major policy initiatives, including a substantial crackdown on illegal cannabis operations and the introduction of a $40 million law enforcement-run retail crime task force.


As part of the budget, new housing policies include tax incentives for developers, alongside stricter eviction protocols in New York City, with options for other communities to join the program. Additionally, the health spending plan, passed on Friday, allocates increased Medicaid reimbursements and funds for nursing homes, albeit less than what healthcare providers had sought.

Governor Hochul praised the budget’s comprehensive approach to addressing housing, healthcare, and public safety, emphasizing the transformative investments in various sectors. The budget aims to enhance state fiscal stability without increasing income taxes, reflecting a significant policy shift in housing and education, according to Hochul.