The New York State budget for the 2025 fiscal year is a comprehensive financial plan that outlines the state’s anticipated revenues and expenditures for the upcoming year. It is a crucial document that guides the state’s fiscal policies and priorities.
The budget process typically begins in the fall, when the Governor proposes a budget to the State Legislature. The Legislature then reviews the proposal and makes revisions before passing a final budget. The budget is typically enacted into law in the spring.