New York Governor's $260B Budget Includes New Spending for Clean Water Infrastructure, Housing, Advanced Tech | Engineering News-Record

NewsProjectsGovernmentProject deliveryRisk New York Governor's $260B Budget Includes New Spending for Clean Water Infrastructure, Housing, Advanced Tech Gov. Kathy Hochul presentation follows permitting reform proposals set to speed residential and infrastructure construction By Corinne Grinapol Photo by Mike Groll/Office of Governor Kathy Hochul New York Gov. Kathy Hochul's 2027 budget includes $5.3 billion in total new capital funding.  January 22, 2026 With a $260-billion state budget for 2027 representing a small increase from 2026, New York Gov. Kathy Hochul (D) said she will continue funding for prior capital investment programs while adding dollars for housing construction, advanced manufacturing development, transportation, energy and other infrastructure.“This is not an austerity budget,” Hochul said in announcing the proposal Jan. 20. “But it is a disciplined one. We’re continuing to invest in the core services New Yorkers rely on while keeping the growth of State Operating Funds at a responsible level.” She attributed steady state investment levels to uncertainty surrounding federal funding.Noting $25 million allotted to expanding the Metropolitan Transit Authority’s Second Avenue Subway west across 125th Street in Manhattan and the ongoing estimated $15.8-billion Gateway Hudson Tunnel project from New Jersey to New York City, Hochul's executive budget book cautions that the federal government’s October 2025 funding freeze “could negatively impact project schedu...