Albany takes heat for record-breaking budget

New York’s record-breaking $220.5 billion state budget drew criticism from two sides: fiscal conservatives who warn that too much money is being spent, and immigration and community advocates who lament that the state is spending money in the wrong places.

After a grueling negotiating process, Gov. Kathy Hochul announced an agreement that includes a $20 billion investment in the state health care industry, nearly $33 billion in a five-year transportation plan, and $2 billion for Covid-19 pandemic recovery initiatives. The state plans to spend about $7 billion over four years for each of two other initiatives: to expand child care subsidies and raise wages for home care workers.

→ Continue reading at Crain's New York Business

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