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Hochul hikes state budget proposal to $263 billion following Mamdani bailout

hochul-hikes-state-budget-proposal-to-$263-billion-following-mamdani-bailout
Hochul hikes state budget proposal to $263 billion following Mamdani bailout

Published Feb. 19, 2026, 4:41 p.m. ET

ALBANY – Gov. Kathy Hochul’s state budget proposal is already ballooning by another roughly $3 billion, as she piles more money into the Big Apple despite Mayor Zohran Mamdani’s insistence on slapping New Yorkers with new taxes.

Governor Kathy Hochul speaking at the Gateway Project construction site.
The new budget also includes $1.5B to bailout NYC. ZUMAPRESS.com

The new spending, which brings the state budget to an eye-watering $262.7 billion, also includes $150 million to help other financially struggling upstate cities after Hochul announced she would pick up the tab for $1.5 billion of New York city’s expenses earlier this week.

The amended budget also scales back Hochul’s extension of pilot programs for autonomous vehicles outside New York City.

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