Investing in All New Yorkers: Senate Passes One-House Budget Resolution

The Senate Majority advanced a one-house budget resolution that prioritizes affordability, economic stability, and greater opportunities. The resolution proposes transformative investments in k-12 public education, including fully funding Foundation Aid for the first time in New York’s history, making school meals free for all public school students, and increasing funding to expand universal pre-k across the state. The budget resolution prioritizes economic support for working families by rejecting tuition hikes for SUNY and CUNY students, rejecting proposed fare hikes for MTA commuters, expanding eligibility to affordable childcare, putting forth an 8.5 percent cost of living adjustment for many healthcare workers, and raising the floor of the state’s minimum wage and indexing it to the annual cost of living so more working New Yorkers can truly make a living wage. Read the Senate budget resolution in response to the 2023-2024 Executive Budget submission.

“In our One-House Budget Resolution, we are putting forward a proposal that prioritizes investments in working and middle-class families and centers the most pressing concerns of All New Yorkers,” said Senate Majority Leader Andrea Stewart-Cousins. “Our One-House Resolution puts New York State on firm fiscal footing while prioritizing transformative investments in public education and affordable childcare. The Senate Majority proposes to raise wages and increase the supply of affordable housing across the state by advancing an inclusive and collaborative approach that centers on community input. Our One-House Resolution makes targeted investments to strengthen our healthcare system, expand access to mental health treatment and improve public safety in our communities. Our One-House Resolution also advances innovative solutions to address the fiscal stability of the MTA and build out the foundation for a cleaner environment for New Yorkers to enjoy for generations to come. By investing in New Yorkers, we ensure we are building a stronger fiscal foundation, improving affordability, and creating opportunities. I look forward to working with Governor Hochul and Speaker Heastie in passing a transformative budget that works for all New Yorkers.”

The Senate Majority One-House Budget Resolution also puts forward a cap-and-invest program to address climate pollution and make significant investments to build the foundation for a cleaner and more sustainable environment. The one-house budget restores funding to local municipalities and prioritizes investments in infrastructure and transportation. The Senate resolution makes historic investments in the MTA by allocating new sources of dedicated funding by raising revenue from the ultra-wealthy to help address the transit system’s fiscal deficit, improve the frequency and reliability of service, and ensure the system’s long-term future as a public good that moves New York’s economy forward. The resolution also makes critical investments to address homelessness and expand the housing supply across New York, while also expanding tenant protections to help New Yorkers stay in their homes. This one-house budget resolution prioritizes safety through increased funding to community violence-reduction and crime-fighting interventions while allocating additional resources to better support the implementation of discovery reform and pretrial services. The resolution makes significant investments to expand healthcare access to uninsured New Yorkers and bolster the accessibility of behavioral health services and mental health treatment. The Senate Majority’s One-House Budget Resolution also provides new investments in economic development including robust funding for new grant programs to boost small businesses and increase access to capital for minority and women-owned businesses.

Senate Deputy Majority Leader Michael Gianaris said, "The Senate's budget proposal is a winner for working New Yorkers. It includes critical investments in housing, provides good cause eviction protections, keeps money in New Yorkers' pockets by adopting my proposal to stop MTA fare hikes while providing groundbreaking free bus service, and halts tuition increases at CUNY and SUNY. I'm proud to work with my Senate colleagues as we seek to get these proposals over the finish line and put them into action."

Senate Finance Chair Liz Krueger said, “I am proud that once again our conference has worked collaboratively to propose a one-house budget that delivers desperately needed action on affordability, economic stability, and the climate crisis. This proposal is, as always, thoughtful, fact-based, and driven by the needs of our constituents. We provide more money for regular New Yorkers, and less on needless corporate giveaways, with critical investments in mass transit, education, healthcare, and public safety. This proposal lays out a blueprint for a more prosperous and equitable state, and I look forward to working with our colleagues in the Assembly and the Governor’s office to deliver the best possible final budget.”

Read the Senate Majority Press Release.

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