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On January 16, New York Governor Kathy Hochul released her State Fiscal Year (SFY) 2024-25 Executive Budget, her third since assuming office in August 2021. Addresses by Governor Hochul. ....
On January 18, 2022, Governor Kathy Hochul released her budget proposal for State Fiscal Year 2023. While record-breaking in its size totaling $216.3 billion and inclusive of many. ....
arrow Maimonides Medical Center in Brooklyn CHINE NOUVELLE/SIPA/Shutterstock Hospital groups and health equity advocates are celebrating now that the upcoming state budget does not include the broad cuts to health care spending initially proposed by Governor Andrew Cuomo. Those changes would have disproportionately impacted safety-net hospitals, which serve communities that were hardest hit by COVID-19. When Cuomo released his executive budget in January, he anticipated a $15 billion shortfall over the next two years. He sought to fill part of the gap by slashing about $600 million in health care spending. His proposals included a 1% reduction in Medicaid rates and cuts to state subsidies for already-struggling safety-net hospitals that serve low-income New Yorkers. ....
( Albany, NY) Today, the Senate Majority will pass its one-house budget resolution that delivers emergency aid to help New York recover from the COVID-19 pandemic and invests in a brighter, more equitable future by fully funding essential services and putting more money in the pockets of working and middle-class families. The Senate resolution increases total school aid by $5.7 billion, provides billions in residential and commercial rental and foreclosure assistance, restores critical funding to our health care system, and jumpstarts our economy with investments in transportation and small businesses. The Senate Majority’s proposal asks the wealthiest New Yorkers to pay their fair share rather than balancing the budget on the backs of working families. ....