New York's Big Spend Plan: No New Taxes, More for Kids

No New Taxes New York Governor Kathy Hochul has unveiled a $260 billion budget plan that doesn't raise any new taxes. Instead, it focuses on increased funding for child care and schools, leveraging strong Wall Street returns.

Key Investments

• $1.2 billion for daycare vouchers
• $500 million for pre-kindergarten programs
• Funding for new soccer fields and a state park in Rochester

Mixed Reactions

While some praise the budget for its responsible spending, others argue that the state is spending too much. There are also calls for higher taxes on the wealthy.

Future Concerns

The state anticipates a significant budget deficit in the coming years. Experts suggest saving some of the extra money for tougher times.

Federal Funding Uncertainty

New York is seeking a waiver to continue providing health care to noncitizen immigrants, but this is not guaranteed. Additionally, President Donald Trump has threatened to withhold funding from sanctuary cities like New York.