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New York passes $254 billion budget, boosting child tax credit and extending "millionaire tax."
New York State lawmakers have passed a $254 billion budget for fiscal year 2026, representing a $17 billion increase from the previous year.
Key measures include tripling the child tax credit, issuing inflation refund checks, and extending the "millionaire tax."
The budget also allocates funds for subway safety, mental health treatment, and Medicaid payments, among other initiatives.
The budget was approved five weeks after the April 1 deadline, with lawmakers' paychecks suspended until approval was completed.
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Nueva York aprueba un presupuesto de 254 mil millones de dólares, aumentando el crédito tributario infantil y extendiendo el "impuesto a los millonarios".