New York Budget FY2024 vs FY2026
Spending, revenue and category allocations compared side by side.
Key Budget Metrics โ FY2024 vs FY2026
FY2024
$234.9 billion
FY2026
$259.0 billion
FY2024
$97.9 billion
FY2026
$126.3 billion
FY2024
โ
FY2026
$267.0 billion
FY2024
$101.0 billion
FY2026
$119.7 billion
FY2024
$6.3 billion
FY2026
$9.8 billion
FY2024
$2.47 trillion
FY2026
$2.47 trillion
Receipts & Expenditure Comparison
| Particulars | FY2024 | FY2026 | Difference |
|---|---|---|---|
| Total Expenditure (all funds) | $234.9 billion | $259.0 billion | -9.3% |
| General Fund Expenditure | $97.9 billion | $126.3 billion | -22.5% |
| Total Revenue | โ | $267.0 billion | โ |
| General Fund Revenue | $101.0 billion | $119.7 billion | -15.7% |
| Rainy Day Fund | $6.3 billion | $9.8 billion | -35.9% |
| State GDP | $2.47 trillion | $2.47 trillion | 0.0% |
FY2024 per resident
$11,743
FY2026 per resident
$12,948
FY2024 โ Spending Composition
FY2026 โ Spending Composition
Data not available
Category-wise Allocation โ FY2024 vs FY2026
| Category | FY2024 | FY2026 | Difference |
|---|---|---|---|
1. Medicaid | $90.4 billion | $0 million | โ |
2. All Other | $71.5 billion | $0 million | โ |
3. K-12 Education | $45.0 billion | $0 million | โ |
4. Higher Education | $12.8 billion | $0 million | โ |
5. Transportation | $12.0 billion | $0 million | โ |
6. Corrections | $3.1 billion | $0 million | โ |
Compare Another Fiscal Year
Understanding This Comparison
State budgets are compared on an all-funds basis โ the total across the general fund, federal grants, and dedicated state funds. This is the fairer measure, because states differ widely in how much they route outside the general fund. The general fund row shows the discretionary portion that state legislatures actually debate.
Fiscal years differ between states: most run July to June, Alabama and Michigan run October to September, and New York runs April to March. Figures labelled with the same fiscal year therefore cover slightly different periods.
Definitions for every term used here are in the US budget glossary. To compare across countries, see India budget comparisons.
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