Governor Kathy Hochul today rallied with New Yorkers to celebrate a FY 2026 New York State Budget deal that delivers all of the Governor’s affordability commitments and will put nearly $5,000 back in the pockets of New York families. These huge wins include tripling the size of New York’s Child Tax Credit, cutting taxes for middle class New Yorkers, sending inflation refund checks directly to millions of households and ensuring free school meals for over 2.7 million students statewide.
“The cost of living is still too damn high, so I promised to put more money in your pockets – and we got it done,” Governor Hochul said. “Putting nearly $5,000 back in the pockets of families means helping New Yorkers afford the rising costs of groceries, raising kids, and just enjoying life. When I said your family is my fight, I mean it – and I’ll never stop fighting for you.”
The Governor’s affordability wins will deliver results for families of all sizes and across the income spectrum. When accounting for the collective impact of all of the new policies secured in the FY 2026 State Budget, these wins will deliver nearly $5,000 of relief for a family of five in New York.
