Hochul unveils $233B budget proposal

The New York governor said she expects to be criticized for not proposing more spending.
New York Governor Kathy Hochul addresses the media during a press conference in response to the Signature Bank’s closure in New York, Monday, March. 13, 2023. (AP Photo/Yuki Iwamura)

New York Gov. Kathy Hochul (D) on Tuesday proposed spending $233 billion to run state government next fiscal year, about 1.7% more than this year, as the state faces long-term budget pressures.

“This budget proves that you can have fiscal discipline and that can coexist with people-driven, progressive policies,” Hochul said in remarks unveiling her plan. Her budget would neither make major cuts to spending programs nor raise income taxes next year, she said.

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