Kathy Hochul, Governor of New York, has presented the 2027 State Budget, calling for $260 billion in funding for the period April 2026 through March 2027. The plan maintains existing income tax rates and increases resources for crucial areas such as education and health care—benefiting families, students, and neighborhoods throughout New York.
For parents, students, and those using state health services, it’s important to understand how NY’s 2027 Budget could shape the services and costs you encounter.
Access the Complete Budget Book
Education: Unprecedented Investment in Schools
NY’s budget for 2027 recommends $39.3 billion in school aid—the largest ever. Objectives are to reinforce classroom education, broaden Pre-K access, and help make college affordable.
Education highlights:
1. Universal Pre-K: $1.6 billion will bring more early learning options across New York.
2. Universal Free Meals: $395 million for another year of no-cost school food for every student.
3. Libraries: $34 million for updating and constructing local libraries.
4. Higher Ed Assistance:
- $90 million for SUNY and CUNY four-years to keep tuition flat.
- $12.5 million promotes free community college programs.
How this helps: More families can enroll in Pre-K, financial relief for college tuition, and a direct boost for public schools and libraries.
Photo: Mike Groll/Office of Governor Kathy Hochul
Health Care: Focus on Services & Coverage
NY’s 2027 Budget earmarks $38.2 billion to support Medicaid, hospitals, nursing homes, and more.
Key points in health funding:
1. Safety Net Care: $1 billion for facilities that serve low-income users.
2. Hospital/Nursing Home Support: $750 million for sustaining critical health centers.
3. Targeted Health Programs:
- $80 million for reproductive care initiatives.
- $17.5 million to expand adolescent mental health services.
- $3.2 million enhancing preparedness for heart emergencies.
What this means: Medicaid and public health care continue; specialized health services and emergency care expand reach and resilience.
Why the 2027 Budget Impacts All New Yorkers
Education: More Pre-K availability and tuition support brings family savings.
Health: Reliable Medicaid and health assistance protect well-being.
The plan supports services without raising income tax burdens, underlining New York’s investment in its residents.
Your Questions on the 2027 Budget
Will my taxes increase?
No, income tax rates remain the same.
How much school funding?
$39.3 billion in total—more than any prior year.
What’s in the health care allocation?
$38.2 billion for Medicaid, plus extra funding for hospitals, youth mental health, and emergency preparedness.
When does it start?
The fiscal year runs from April 1, 2026, to March 31, 2027.
