Advancing New York Values, Protecting Taxpayers

April 2, 2019

Finance

New York State Senate Majority Conference Finance Committee Economic and Revenue Forecast SFY 2019-20

2019-20 Senate Financial Plan Overview

Staff Report on the SFY 2020 Adopted Budget

Advancing New York Values, Protecting Taxpayers

2019-2020 New York State budget

The 2019-2020 New York State budget is a responsible financial plan that accounts for the available revenues forecasted by the State Comptroller. It remains within the two percent state spending cap, while also making it permanent. The State Senate was able to restore cuts to essential services, and provide additional education and tax relief support. The 2019-20 Budget increases support for New York students by investing over $1 billion more in state education aid, and cuts taxes for middle-class New Yorkers. It includes historic action to reform our justice system, and make the Affordable Care Act state law. It advances the financing of public campaigns, greater investments in environmental protection, and a ban on single-use plastic bags. All this is done despite federal efforts to undercut New York State finances.

"The Senate Majority committed to passing a responsible, effective, and on-time State Budget, and that is what we have achieved. I thank my partner in legislative leadership, Speaker Heastie, as well as Governor Cuomo, and all of my colleagues in the Senate Majority for their hard work and dedication throughout the budget process. The 2019-2020 State Budget will provide an over $1 billion increase in education aid, with a focus on struggling school districts. The budget will also provide essential AIM funds for local governments, a permanent property tax cap, and tax relief for middle-class New Yorkers. Additionally, we have taken historic steps to implement a public financing system, reform our criminal justice system, and ban single-use plastic bags. Our first budget as the Senate Majority will help move New York forward and build a stronger, fairer, more prosperous, and cleaner state for generations to come.”

-Senate Majority Leader Andrea Stewart-Cousins

Improving Educational Opportunities

Providing Real Tax Relief and Support To Local Communities

New York State residents and businesses struggle with high taxes, and local governments rely on state support to provide essential services. The Senate Majority is committed to providing tax relief and support to local communities and families. The enacted State Budget includes:

Implementing a permanent property tax cap, which was already passed by the Senate Democratic Majority this Legislative Session, is projected to save taxpayers $189.9 billion over the next 10 years.
Allocating $715 million of Aid and Incentives to Municipalities (AIM) funding to certain Towns and Villages within the AIM program and adding additional state funds to several in-need local governments.

Restoring Trust In State Government and Reforming The Electoral System

Supporting New York Businesses

Reforming New York’s Justice System:

Investing In Mass Transit And Supporting Transportation Mobility

Improving Health Care For New Yorkers

Protecting New York’s Environment and Natural Resources

Boosting New York State Agriculture

Empowering New Yorkers To Stay In Their Homes

Additional Proposals