Gov. Kathy Hochul (D-NY) has reached an agreement with state lawmakers on a $268 billion budget proposal for fiscal 2027, a plan that includes the largest climate energy investment in New York history.

The proposal came five weeks late and $8 billion over the initial proposal as Hochul adopts an “all-of-the-above” energy approach, balancing the push for renewables with pragmatic approvals of fossil fuel projects amid negotiations with the Trump administration.