Hochul kicks off budget season by unveiling $227B executive spending plan

amNY

By Ethan Stark-Miller

But the Invest in Our NY coalition, which is fighting for raising taxes on the ultra-wealthy and corporations to boost funding for the state’s social safety net, criticized Hochul’s spending plan for only extending a 2021 increase in the state’s corporate tax rate through 2026, instead of making it permanent.

“To no one’s surprise, Governor Hochul’s budget proposal presentation continues to prioritize corporate giveaways while failing to sufficiently invest in the services and programs that keep all New Yorkers safe and thriving,” Carolyn Martinez-Class, Invest in Our NY campaign manager, said in a statement.

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