Bloomberg Tax
Feb. 1, 2023, 6:01 PM

Hochul’s $227 Billion NY Budget Boosts MTA Finances, Schools (1)

Keshia Clukey
Keshia Clukey
Bloomberg Law
Donna Borak
Bloomberg Industry Group
Martin Z. Braun
Martin Z. Braun
Bloomberg News

New York Governor Kathy Hochul unveiled a $227 billion budget for the next fiscal year that aims to bolster the finances of the struggling Metropolitan Transportation Authority and boost spending on health care and education — all without raising income taxes and despite a slowing economy.

The Democratic governor also wants to add $270 million to her $25 billion, five-year plan to build 800,000 units of new housing, according to a budget blueprint released Wednesday. She’s also seeking $34.7 billion for low-income health care, $34.4 billion for education programs and $400 million to mitigate the effects of climate change. The ...

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