Annual Briefing on the Executive Budget — 2026
FPI released its annual report on the executive budget for Fiscal Year 2027
FPI Annual Budget Briefing: Fiscal Year 2027 Executive Budget (Virtual)
A recording of FPI's First Look briefing about Executive Budget FY 2027, delivered on January 22, 2026.
Statement on NYC’s Preliminary Budget: Progressive Taxes and Increased State Aid are Best Solutions to City Budget Challenges
Growth in the City’s budget should be seen as a necessary expense for sustaining one of the greatest cities in the world, not as fiscal recklessness, and the State ought to do its part to help the City manage this crisis.
Regional Impacts of the July 2026 Essential Plan Cliff
Unless the legislature takes action, New York will see the most rapid loss of healthcare coverage in its history.
Trump Has a Fake Plan to Tackle Prescription Drug Prices. New York Should Enact a Real One.
Why are drugs so much more expensive in the US than everywhere else? The answer is so simple it almost boggles the mind: In virtually all other developed countries, the government sets drug prices
FPI Statement on City Budget Crisis: It’s Time to Raise City Taxes
Governor Hochul's Executive Budget includes commitment to partnering with Mayor Mamdani in pursuing universal childcare and acknowledgement of the State's strong fiscal condition. But it shows no plan to prevent the twin crises that will result from federal funding cuts under the so-called “One Big Beautiful Bill Act”
Keeping People Covered after the OBBBA
One of the most significant impacts of H.R. 1, the “One Big Beautiful Bill Act” (OBBBA), on New York’s healthcare system will be the imposition of work requirements on two million New Yorkers who are covered by the ACA’s Medicaid expansion. The bureaucratic hurdles created by these new requirements are expected to result in significant loss of coverage, with the State’s Department of Health estimating that up to 1.2 million New Yorkers could lose their health insurance.
FPI Briefing: First Look at the Executive Budget FY 2027
A recording of FPI's First Look briefing about Executive Budget FY 2027, delivered on January 22, 2026.
FPI Statement on the FY 2027 Executive Budget
Governor Hochul's Executive Budget includes commitment to partnering with Mayor Mamdani in pursuing universal childcare and acknowledgement of the State's strong fiscal condition. But it shows no plan to prevent the twin crises that will result from federal funding cuts under the so-called “One Big Beautiful Bill Act”
FPI Briefing: Response to State of the State FY 2027
A recording of FPI's briefing in response to the State of the State FY 2027, delivered on January 15, 2026.
Statement on the FY 2027 State of the State
On January 13, Governor Hochul delivered her annual address on the State of the State for Fiscal Year 2027. Her address centered affordability in New York, putting forward a flagship new deal with New York City to expand universal childcare statewide. However, the Governor’s speech has a glaring omission: the impact of Federal cuts on health insurance for up to one million New Yorkers.
Before the State of the State: New York’s Fiscal Outlook and Millionaire Tax Breaks
On January 13, Governor Hochul will deliver the State of the State speech, which is expected to address matters of affordability in New York and the State’s relationship with the federal government. FPI here releases summaries of two previous publications on the State’s fiscal outlook and the tax breaks that New York’s millionaire earners will receive from the federal government this year.
What to Expect in Tomorrow’s State of the State?
The State’s ability to pursue bold policy initiatives will depend on its fiscal outlook, which faces serious challenges in the coming years due to federal funding cuts. These are the issues to look out for in Governor Hochul's address.
FPI Applauds Hochul-Mamdani Childcare Deal
New York's public school system, built in the nineteenth century, entitles New Yorkers aged five to twenty-one to free education. More recently, policymakers, including Governor Hochul and Mayor-elect Mamdani, have committed to finishing the project by extending universal education and care to children under the age of five.
A Tax Plan for Statewide Universal Childcare
New York's public school system, built in the nineteenth century, entitles New Yorkers aged five to twenty-one to free education. More recently, policymakers, including Governor Hochul and Mayor-elect Mamdani, have committed to finishing the project by extending universal education and care to children under the age of five.