Governor Hochul Celebrates Historic $2.2 Billion Investment in Child Care for New York Families

May 2, 2025 – Governor Kathy Hochul visited the Hudson Guild Children’s Center to highlight the FY 2026 Budget investments in child care. The Budget delivers a major expansion of child care funding by investing $2.2 billion statewide, including a $400 million investment to save child care subsidies for families statewide, with $350 million available for tens of thousands of New York City families. It also increases the Child Tax Credit by giving eligible families a $1,000 credit for kids younger than 4 years old and a $500 credit for kids ages 4-16, effectively doubling the credit for the average family.