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Consensus Reached on NYS Budget – But the Deal Isn’t Done Yet!
Governor Kathy Hochul announced today that the Executive, Senate, and Assembly have reached a general agreement on the major points of the FY27 State Budget, allowing negotiations and bill drafting to move forward in earnest.
To keep government operations running while details are finalized, the Legislature has introduced a tenth Emergency Appropriations bill extending the budget deadline through Monday, May 11. The extender is expected to pass today and be signed by the Governor.
The proposed $268 billion budget framework includes several of the governor’s key policy proposals, including:
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$1 billion in energy rebates and utility reforms, including direct payments to help offset high utility bills, along with new rules aimed at limiting rate hikes and provisions tying utility executive compensation to affordability measures.
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An overhaul of auto insurance regulations intended to lower costs for consumers by targeting fraudulent claims and prohibiting insurers from using factors such as homeownership status, ZIP code, education, and occupation when setting rates.
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Childcare support, including an expanded child care tax credit benefiting approximately 230,000 families, and a $1.7 billion increase for childcare and pre-K programs to expand access for an additional 100,000 children (approx. $4.5 billion total).
The Governor’s full press conference and announcement on the budget agreement can be viewed here.
What does this mean for people with disabilities and our workforce?
At this point, the budget agreement does not specifically mention our request for a 4% Targeted Inflationary Increase (TII) or other funding priorities supporting nonprofit providers of IDD services.
We have been told funding will be included, but the work is not over. As lawmakers continue allocating state spending to meet competing priorities, it's critical that our voices remains strong and visible.
There is still time to advocate while budget bills are being drafted.
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