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State Budget Fast Facts

¯ Spending is projected to increase 3.1%. School spending increases by $2.1 billion, a 7.1% increase.

¯ Hochul proposes a one-time property tax rebate for low- and middle-income homeowners.

¯ Bids will be accepted for three new casinos this year, one year earlier than originally planned.

¯ State revenues are projected to be $5 billion more through March than they were projected to be last fall through a combination of a recovering statewide economy and tax hikes passed last year on high earners and large corporations.

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