March 12, 2015

Assembly Releases Summary of the Recommended Changes to the Executive Budget

Speaker Carl Heastie and Chair of the Ways and Means Committee Herman D. Farrell today released the Assembly's Families First State Fiscal Year (SFY) 2015-16 Budget proposal which makes strategic investments focused on New York's families in education, health and human services, criminal justice, and housing and includes measures to promote independence and economic security.

The Assembly proposes an All Funds Budget of $150.7 billion, which is $713 million higher than the Executive proposal. The Assembly All Funds Budget proposal is $7.7 billion over the projected spending levels for SFY 2014-15. Importantly, All Funds spending includes extraordinary federal aid of $1.7 billion for Superstorm Sandy relief and $6.1 billion for the Affordable Care Act.