Page url: https://www.governor.ny.gov/programs/fy-2023-new-york-state-budget

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Page Title: FY 2023 New York State Budget | Governor Kathy Hochul

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Page Text: FY 2023 New York State Budget TOP FY 2023 New York State Budget Share New York State's historic FY 2023 budget provides a blueprint for the short- and long-term future. The Budget invests in New Yorkers by rebuilding the healthcare economy, building the education system of the future, reducing the tax burden for those who need it most, improving the state's transportation and housing infrastructure, combating climate change, creating jobs, and improving public safety and ethics in government. FY 2023 Enacted Budget Increasing State Reserves The Budget brings the State's reserves to 15% of State Operating Funds spending by 2025 - a level never seen before. Planned deposits are: $5 billion in FY 2022, $5.1 billion in FY 2023, $2.5 billion in FY 2024 and $2.9 billion in FY 2025. We have a once-in-a-generation opportunity to not just bring relief to families and put more money in people's pockets today, but also to make historic investments in New Yorkers for years ahead. Governor Kathy Hochul

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