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Lawmakers pass 2025-2026 New York State budget

  • New York legislators approved a $254 billion budget on Thursday night in Albany, missing the April 1 deadline by more than a month.
  • The budget increase follows debates focused on expanding spending despite concerns about shrinking recession reserves and reliance on over $90 billion in federal funds.
  • Key provisions include distributing up to $400 in relief payments to millions of taxpayers, implementing a statewide ban on student smartphone use during school hours starting this fall, and allocating $10 million to cover legal defense costs for state employees facing federal investigations.
  • Governor Kathy Hochul emphasized that the funds are thoughtfully allocated toward essential programs that have been needed for some time and that now is the appropriate moment to implement them, particularly supporting working families.
  • Analysts warn the budget's expansive spending without structural reforms risks long-term fiscal instability and may require lawmakers to return if federal spending cuts occur.
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New York Post broke the news in New York, United States on Thursday, May 8, 2025.
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