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An ABC Member's Guide to The FY 23-24 New York State Budget

On Wednesday, May 3rd, Governor Hochul signed a $229B budget bill approved by the State Legislature the night before. This budget comes in over a month late, making it one of the latest budgets in over a decade. This year's budget is $9 billion more than last year's budget.

Below is a comprehensive guide for ABC Empire State Members to better understand what's in the budget and how that might impact your business. This budget recap does not contain everything found in the state budget. Instead, it's tailored to specifically focus on issues that are important to contractors operating in New York: