2022-2023 New York State Budget Breakdown
April 15, 2022
-
ISSUE:
- 2022-2023 Budget
A week ago, the New York State Legislature and Executive approved the 2022-2023 State Budget. The $220 billion 2022-2023 State Budget includes vital investments in education, housing, gun violence prevention, healthcare, and more. A detailed breakdown is listed below.
Investments In New York’s Education Systems
- $1.5 billion increase over last year’s levels in Foundation Aid for schools
- $100 million in mental health grants for school districts and BOCES, over two years
- $58 million in STEM funding for nonpublic schools
- $20 million in capital funding for libraries
- $100 million for Universal Pre-K formula aid, which will generate 15,000 additional slots
- Reimbursement of colleges for the TAP Gap, resulting in payments of $48.8 million to SUNY and $59.6 million to CUNY
- $53 million each for SUNY and CUNY for additional full-time faculty
- $60 million in operational support for SUNY and $60 million for CUNY
- $5 million in TAP funding for incarcerated individuals
- $150 million for part-time students
- $16 million to establish childcare centers on each SUNY and CUNY campus that does not currently have one
- $35 million to support financial aid at private schools
Boosting Tenant And Homeowner Relief
- $4.5 billion in spending as part of a total $25 billion five-year Housing Capital Plan
- $800 million to replenish the pool of money available for ERAP
- $125 million in homeowner and landlord assistance
- A reappropriation of last year’s $100 million for the Housing Our Neighbors with Dignity Act and a new appropriation for $100 million
- $35 million for legal services for tenants facing eviction outside New York City
- $250 million to eliminate COVID-era residential utility arrears
Improving Healthcare For New Yorkers
- Health insurance covers reproductive health services, including services relating to abortions
- $1.6 billion in health transformation capital grants
- An increase of $3 per hour over two years in home care worker wages
- $1.1 billion for hospitals still experiencing financial distress from the COVID-19 pandemic
Helping Families And Workers
- $1.66 billion to immediately increase eligibility for child care vouchers to 300 percent of the Federal Poverty Level, to increase reimbursement rates from 69 percent of the market rate to 80 percent, and to provide additional compensation to child care workers
- $1.45 billion in federal and state funding broadband related projects
- $287 million in child tax credits for families making less than $100,000
- Acceleration of the previously enacted middle-class tax cuts
Rebuilding Our Economy
- Allow businesses to increase the amount of income that they make under $250,000 from their taxable income, saving businesses $100 million each year
- $250 million in credits for businesses to offset their expenses incurred from complying with COVID-19 safety protocols
- Expanded Investment Tax Credit for farmers, as well as a $1,200 credit for farm workforce retention
- Overtime credit to cover farmers’ expenses due to the decrease in the overtime threshold below 60 hours
Protecting The Environment And Natural Resources
- $4.2 billion Environmental Bond Act
- $500 million for electric school buses and related charging infrastructure
- Amends the Freshwater Wetlands Act by expanding the Department of Environmental Conservation’s jurisdiction over wetlands to 7.4 acres in size
Funding Community Safety
- $110 million to public protection agencies to support the following programs; gun violence prevention, legal services, pretrial services, alternatives to incarceration, and discovery reform
- Revisions to the 2019 criminal justice reforms, including clarifying which repeat offenders can be subject to bail, getting guns off of New York streets, updating Raise the Age and Kendra’s Law
- $10 million investment in community based programs to combat biased crimes and investing an additional $10 million for Asian American Pacific Islander crisis intervention
Reforms to System of Ethics and Oversight
- Replaces the Joint Commission on Public Ethics with the Commission on Ethics and Lobbying in Government
Building A Stronger Infrastructure And Transportation System
- $125.7 million for non-MTA downstate STOA and $39.7 million for upstate STOA
- The MTA will receive an increase of $757 million
- Suspension of the state sales tax imposed on fuel from June through December 2022
General Government
- Three-year authorization for on-premises alcohol retailers like restaurants and bars to sell wine and liquor drinks for take-out
- Allows wine and liquor stores to make sales on Christmas Day
- $50 million investment into a Cannabis Social Equity Fund, which, matched by $150 million in private investment, will finance capital costs for cannabis dispensaries operated by social equity licensees
- Local boards of elections will receive access to up to $4 million to reimburse the costs of pre-paid postage for absentee ballot applications and absentee ballots
Share this Article or Press Release
Newsroom
Go to NewsroomEscaping the shadows of larger-than-life leaders
October 10, 2020