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Hochul’s $216 Billion N.Y. Budget Offers Property-Tax Relief (3)

Jan. 18, 2022, 8:27 PM

New York Governor Kathy Hochul unveiled a $216.3 billion budget on Tuesday, a 3.1% spending increase that would boost funding for schools, health care and property-tax relief.

The spending plan is Hochul’s first since taking over as governor in August after Andrew Cuomo resigned amid a sexual-harassment scandal. Armed with a healthy supply of cash, Hochul called for accelerating tax cuts instituted under her predecessor. Middle-class families would get full, phased-in credits of $1.2 billion as soon as 2023 rather than a yearly break through 2025.

The Democratic governor’s budget proposal for fiscal 2023, which begins April 1, aims to ...