NYS Budget Outlook

January 2, 2023

As we prepare for the upcoming legislative session in Albany, Brown and Weinraub wanted to preview our assessment of next year’s State budget.  The State’s 2024 Fiscal Year begins April 1, 2023.  Because it was a gubernatorial election year, the Governor has until February 1, 2023 to submit her Executive Budget proposal for the Legislature’s consideration.  The Legislature will take the better part of February to analyze and react to the Governor’s proposal.  In early to mid March, the Senate and Assembly will release their respective budget proposals, after which all three parties (Senate, Assembly and Executive) will negotiate a final budget for enactment by or around April 1, 2023.