Hochul's Budget Proposal Promises Largest Climate Investment in State History
Gov. Kathy Hochul (D-NY) has reached an agreement with state lawmakers on a $268 billion budget proposal for fiscal 2027, a plan that includes the largest climate energy investment in New York history.
TL;DR
- New York Governor Kathy Hochul and state lawmakers agreed on a $268 billion budget for fiscal year 2027.
- The budget includes the largest climate energy investment in the state's history.
- Approximately $3 billion to $4 billion is allocated to energy policy.
- The state faces steep annual increases in energy costs.
- The energy policy aims to balance clean energy and climate goals with affordability and economic growth.
- Negotiations were difficult, involving substantive disagreements and powerful special interests.