The $252 billion proposal represents the largest spending plan of Hochul’s tenure and includes a pledge to modestly decrease the tax rate on households making under $323,200 a year. She has also proposed an expansion of a child tax credit for those with children under 4 years old.

Gov. Kathy Hochul is calling for a one-year extension on her New York reparations commission, adding $5 million to the controversial panel studying possible payouts to black New Yorkers. The

Enacted in 2021 and set to expire at the end of 2027, Hochul’s budget would extend it five years through 2032. Hochul’s executive budget will form the basis of negotiations with the state Legislature ahead of an April 1 deadline.