April 12, 2021

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Legislators pass $212B New York State budget agreement

Apr 7, 2021 | ,

More Taxes on wealthy, billions for small biz recovery, rent and mortgage recovery, and childcare

Legislators in Albany finally ironed out the details around a $212 billion New York State annual budget and spending plan that will ensure billions goes to rent relief and immigrant workers living illegally in the state.

The deal that New York State Governor Andrew Cuomo and lawmakers reached will also raise taxes on the wealthy and prioritize funding for schools.

The budget also includes billions in federal aid, which was part of the last coronavirus relief package.

A few other major spending items include $2.4 billion for childcare expansion, $1 billion for small business recovery, $2.4 billion for rent and mortgage relief, and long-term care changes.

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