NY State Legislators Pass 2022 Budget Just a Few Days Late
All the talk has been about COVID-19 and getting vaccines but believe it or not, there are other things going on in our state's capitol, like passing a state budget according to the Governor's Office. It’s about a week late but state lawmakers approved the 2022 state budget, which is pretty good considering that it seems the budget is almost always very late.
Here are some of the highlights from the $212 budget plan:
- $311 Billion Infrastructure Plan which is the largest amount spend on infrastructure in the state's history.
- Bringing Affordable Broadband Internet with $15 Broadband Plans Offered to Low-Income Families
- Enhancement of Public Safety based on Police Reform Plans submitted by jurisdictions across the state.
- $2.3 Billion will be invested in child care utilizing federal resources that will expand availability, quality and affordability of child care state-wide with employer child care credits offered.
- $29 Billion will go to green economy investments
- Establishes Prevailing Wage & Buy American Requirement
- $2.4 Billion Rent Relief Program
- Enhanced quality of care at Nursing Homes
- $1 Billion going to small business and arts relief and recovery assistance
- Middle Class Property Tax Credit will be enacted along with the continuation of the Middle Class Tax Cut.
- $29.5 Billion School Aid (an 11% Increase)
In addition, New York's highest earners will see a surcharge added to their income tax. To find out more about the passed state budget visit www.governor.ny.gov.