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.

Recommended Stories

Hochul tries to expand her power with move critics say creates a ‘dangerous precedent’

Mamdani’s openness to campaigning with Hochul shows how far they’ve come

Kathy Hochul unveils $200 energy rebate checks for New Yorkers