Hochul Unveils $233 Billion NY Budget That Won’t Raise Taxes (1)

New York Gov. Kathy Hochul (D) on Tuesday unveiled a proposed $233 billion state budget that aims to close a projected $4.3 billion gap without raising taxes on personal income or businesses, according to a draft spending plan.

Hochul proposes to close the gap in part by increasing projected tax receipts compared to six months ago. She also wants to curb education funding and the state Medicaid program, which will still grow by $3 billion compared to the current fiscal year.

“We’re taking action with common sense solutions that are simple, easy to implement,” Hochul said at a press ...