Early Indication of Challenging 2024–25 State Budget -
On September 20, 2023, Blake Washington, the new director of the New York State Division of the Budget (DOB), issued the annual agency “call letter,” which requests...more
Governor Kathy Hochul is scheduled to present her 2023–24 Executive budget proposal at noon on Wednesday, February 1, 2023, with the budget bills expected to be released thereafter. This will be Governor Hochul’s first...more
On November 17, Director of the Budget Robert Mujica announced that he will be leaving his position as Director of the Division of the Budget to assume the role of Executive Director of Puerto Rico’s Financial Oversight and...more
Last month, the New York State Division of the Budget released an updated economic forecast (First Quarterly Update to the FY 2023 Enacted Budget Financial Plan), which revises the State’s financial outlook over the next...more
The New York State Assembly adjourned in the morning hours of Saturday, June 4, following the State Senate, which concluded early on Friday, June 3, thereby drawing to a close the 2022 legislative session. (Note: The...more
On March 12 and 13, respectively, the New York Assembly and Senate released their one-house budget bills in response to Governor Kathy Hochul’s proposed $216 billion budget issued on January 18. The budget proposals are...more