New York (WRGB) — New York State will provide an additional $1.5 billion over two fiscal years to help New York City address ongoing financial challenges, according to an announcement from Governor Kathy Hochul and Mayor Zohran Mamdani.
State officials said the funding package includes $1 billion in New York City’s Fiscal Year 2026 and $510 million in Fiscal Year 2027. Of that total, $510 million will be recurring funding intended to cover costs that had previously shifted from the state to the city, including about $300 million for youth programming, $150 million from restored sales tax revenue, and $60 million for public health programs.
Hochul said in a statement,…