Hochul’s $252 Billion Budget Sets Up Revenue Fights in Albany

New York Gov. Kathy Hochul (D) will face pressure from Democratic lawmakers to find new revenue sources for her $252 billion budget plan, as the state faces financial uncertainty under Washington’s new GOP control, future state budget gaps, and funding shortfalls at the Metropolitan Transportation Authority.

The governor wants to cut income taxes for the middle class and add billions in new funding for Medicaid and school aid while avoiding tax increases. But Democratic leaders said Tuesday that revenue raisers will have to be a part of budget negotiations, which will run until the April 1 budget deadline with the ...