New York Legislature Passes $254.3 Billion Budget Including Hospital Pay Hike and Film Incentives Amid Federal Spending Uncertainty

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Updated May 10, 2025, 03:25 PM

The New York Legislature approved the 2025-2026 state budget, totaling approximately $254.3 billion, marking the largest budget in the state's history. The budget was passed more than a month after its original due date, following weeks of negotiations and policy battles led by Governor Kathy Hochul, who insisted on including key policy goals before finalizing the spending plan. The budget represents an increase of over $10 billion compared to the previous year. It includes provisions such as funding for Attorney General Letitia James' legal defense and a pay hike for New York hospitals, although federal funding remains uncertain. The budget also introduces an enhanced and extended film incentive program aimed at boosting investment and production in the state's film and TV industry. Despite these measures, some critics note the budget lacks serious reform, restraint, or accountability and falls short in addressing pressing issues like the state's housing shortage, offering only limited new tools such as a state voucher program. Lawmakers acknowledged that major alterations to the budget might be necessary if federal spending cuts are implemented by President Donald Trump and Congress. The delay in passing the budget caused disruptions, including scrambling in schools and a freeze on lawmakers' pay. There is also an expectation that lawmakers may return later in the year to reopen and revise the budget.

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#New York Legislature #Kathy Hochul #Letitia James #New York #Donald Trump #Congress

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Sources

empirereportnewyork.com(4)rochesterfirst.com(2)nypost.com(2)gothamist.com(2)

EMPIRE REPORT

@EMPIREREPORTNY

CAMPBELL: NY lawmakers acknowledge they may have to make MAJOR ALTERATIONS if Trump, Congress cut spending… https://t.co/Pr2faDGeRS

New York Focus

@nysfocus

NEW: Nearly four months after Governor Kathy Hochul unveiled her proposed budget, lawmakers yesterday passed a $254 billion final agreement. We broke down what was proposed and what passed into a searchable database. Here's everything you need to know: https://t.co/fIE8RwsOEB

EMPIRE REPORT

@EMPIREREPORTNY

POLITICO: Hochul gets the power… https://t.co/gV3ge89vZU