Governor Kathy Hochul released her Executive Budget for Fiscal Year 2027 yesterday, January 20. PSC President James Davis released the following statement about the budget plan:
“Governor Hochul’s Executive Budget holds the line on tuition, expands access to free community college, and increases CUNY’s operating budget. These welcome investments are essential to making life in New York more affordable. So too, however, is ensuring the ultra-rich pay their fair share in taxes. Revenue raisers are essentially absent from the Governor’s plan, but they must be in the final enacted budget.
“Fairly taxing wealthy corporations and the rich is how Albany can end CUNY’s full-time faculty and staff shortage and fund a New Deal for CUNY. A truly progressive revenue platform will protect schools and hospitals and the many public services on which we rely by offsetting the MAGA Congress’s cuts to health care and food assistance. It can fund universal childcare and free buses and safeguard our state and city from additional federal cuts.
“Tax the rich for a more affordable New York!”
Published: January 21, 2026
