Governor Hochul Unveils Highlights of the Fiscal Year 2026 Executive Budget by Governor Kathy Hochul

January 21, 2025 — Albany, NY — Governor Hochul laid out her plans to make New York more affordable and safer as she unveiled the Executive Budget for Fiscal Year 2026. The budget will deliver more than $5 billion in tax cuts, credits and refunds to New York families, while making record investments in education and health care and keeping $21 billion in reserves.