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.