Gov. Kathy Hochul won’t say yet if she’ll raise taxes in 2026, but she’s not ruling it out, according to Spectrum News. Despite strong revenue and a shrinking budget gap, the state faces fiscal pressure from Washington, high spending, and proposals like universal child care.
Her team says tax hikes are a “last resort,” though a corporate tax increase may be on the table. Meanwhile, advocates are pushing for a phased-in child care plan, and state agencies are reviewing outdated regulations to cut costs.
With a $26.8 billion budget gap looming by 2029, Hochul’s next moves could define her reelection fight.
FingerLakes1.com is the region’s leading all-digital news publication. The company was founded in 1998 and has been keeping residents informed for more than two decades. Have a lead? Send it to [email protected].