The State Legislature has passed the FY2023 State Budget, which is a critical and timely expansion of the important pandemic recovery investments begun last year.
Simply put, a full economic recovery from the Covid-19 pandemic is on its way in this new State Budget.
Helping children succeed in school, supporting our workforce and providing tax cuts to help middle class families, seniors and small businesses—those were some of our priorities that have been met in the new budget.
One key investment to assist New Yorkers in getting back to work: $7 billion in child care funding over the next four years, double the amount of current spending.
There is also a whopping $287 million in Foundation Aid for school districts and $15.2 million earmarked for Pre-K in SD40. Remember: We are lifting students up, while keeping property taxes down.
The new budget accelerates the middle-class tax breaks and adds $2.2 billion in STAR program tax relief.
Every new budget reflects the challenges we are facing, and how we are working to safeguard our residents while creating opportunities for greater and more shared prosperity.
My work continues to move New York State forward in terms of recovering from the devastation of the pandemic while ensuring a stronger future for all.
Thank you!
Sincerely,
New York State Senator Pete Harckham 42nd District.
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