Cuomo Budget Breakdown


Governor Cuomo Proposes Executive Budget for fiscal year 2018-2019:

1. Subway Action Plan

The State will provide $254 M (its half of the plan) for the following operating aid:

  • System failures

  • Breakdowns

  • Delays

  • Deteriorating customer service

  • And position the system for future modernization

2. Tax Revenue transfer to MTA

The Executive Budget proposes amending the state law so the revenue is directly appropriated to the MTA.

  • Currently, the State collects and disburses the Payroll Mobility Tax (PMT) to the MTA.

3. MTA Capital Plan Support:

The MTA is investing $29.9 billion in its transit capital program:

  • This includes $8.6 billion in funding from New York State – the highest State investment ever.

4. Transportation Capital Plan Support:

The State’s $29.2 billion investment in DOT + Thruway Authority programs, enacted with the FY 2017 Budget, will ensure stronger State and local roads and bridges for years to come.

5. Local Infrastructure Commitment:

Funding for the Consolidated Highway Improvement Program (CHIPS) and the Marchiselli program is maintained at $477.8 million.

6. Clean Water Infrastructure Act:

The FY 2019 Budget continues the Governor’s multi-year $2.5 billion investment in drinking water infrastructure and source water protection actions that will enhance communities' health and wellness.

7. Energy Storage Initiative:

Governor Cuomo’s plan to deploy 1,500 megawatts of energy storage by 2025 and employ 30,000 New Yorkers, and unprecedented initiative.

8. $20 Billion Affordable + Homeless Housing Plan:

The Budget continues to support the creation or preservation of more than 100,000 units of affordable housing and 6,000 units of supportive housing.

9. Regional Economic Development Councils Support:

2011 - Governor Cuomo established 10 Regional Economic Development Councils (REDCs) to develop long-term regional strategic economic development plans.

  • Since then, the REDCs have awarded $5.4 billion to more than 6,300 projects.

The result: 220,000 new or retained jobs in New York.

  • The Executive Budget includes core capital and tax-credit funding that will be combined with a wide range of existing agency programs for an eighth round of REDC awards totaling $750 million.​

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