2018 Executive Budget

TOP 2018 Executive Budget

Ever Upward

Advancing the Governor’s Middle Class Recovery Act

The FY 2018 State Budget builds on the state’s fiscal discipline over the last six years while strengthening the middle class, reducing taxes, and making smart investments in New York's future.

For the seventh consecutive year, the Budget holds spending growth to 2 percent, while investing in jobs and infrastructure, reducing taxes and expanding access to education with the groundbreaking Excelsior Scholarship program.

The 2018 Budget increases education aid to $25.8 billion, the largest investment in State history. It also reverses an injustice and raises the age of criminal responsibility once and for all so that 16- and 17-year-olds are no longer prosecuted as adults.

This Budget continues the progress we have achieved to improve the lives of New Yorkers, and build a stronger, better Empire State that truly lives up to its motto: Excelsior.

A Budget That Delivers for New York’s Middle Class

Free College Tuition for Middle Class New Yorkers

Begins in Fall 2017

The first-in-the-nation plan will be phased in over three years, beginning for New Yorkers making up to $100,000 annually in the fall of 2017, increasing to $110,000 in 2018, and reaching $125,000 in 2019.

Alleviating the Burden of Student Loans

Making New York State's public universities tuition-free will alleviate the financial stresses of student loans and put more New Yorkers on a path to financial security.

Promotes On-Time Completion

The Excelsior Scholarship Program will encourage more students to graduate on time and will grow the number of graduates from our public universities.

Strengthening the Middle Class

Reducing Property Taxes

By requiring counties to find efficiences for real taxpayer savings, the Budget continues the Governor's efforts to relieve the property tax burden for New Yorkers.

Child Care Tax Credit

The Budget enacts an enhanced middle class child care tax credit that will help more than 200,000 middle-class families make their child care more affordable. 

Record $25.8 Billion Education Investment

The 4.4% increase to Education Aid includes funding for pre-k and after school programs, and helps give students access to high-quality learning across the state.

The New York Promise

Liberty Defense Project

The Budget invests $10M to establish the nation's first legal defense fund to ensure all immigrants, regardless of residency status, have access to representation.

Cutting Soaring Prescription Drugs Costs

To protect our most vulnerable, New York becomes the first state in the nation to cap the growth of prescription drug spending in the Medicaid program.

Investing in Jobs & Infrastructure

Protecting Our Drinking Water

The $2.5 billion Clean Water Infrastructure Act will overhaul New York's aging water infrastructure systems and ensure current and future New Yorkers have access to clean water.

The Empire State Trail

The 750-mile trail will provide new opportunities for hiking and biking along scenic vistas and through charming, historic communities.