See every side of every news story
Published loading...Updated

New York State budget tweaks Foundation Aid formula

  • Governor Kathy Hochul signed the $254 billion New York State budget for fiscal year 2026 on Friday after a delay of over a month.
  • The budget followed extended negotiations amid criticism over secrecy and spending levels from both Democrats and Republicans.
  • The plan fully funds Foundation Aid with a new formula, expands free school meals, tripled the child tax credit, and includes $1 billion for climate and clean energy investments.
  • It allocates $3 billion to upgrade transit systems, adds 100 new inpatient psychiatric beds, distributes $2 billion in payments to help residents cope with inflation, and strengthens programs aimed at preventing gun violence.
  • While praised for supporting families and infrastructure, the budget raises concerns about long-term fiscal sustainability and expanded executive spending powers.
Insights by Ground AI
Does this summary seem wrong?

15 Articles

All
Left
1
Center
4
Right
1
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 67% of the sources are Center
67% Center
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

empirereportnewyork.com broke the news in on Monday, May 12, 2025.
Sources are mostly out of (0)