Governor Hochul Highlights Mid-Hudson Regional Investments As Part of FY 2024 Executive Budget

February 21, 2023

Budget Includes $250 Million to Fund Housing Infrastructure; $20 Million for Planning Assistance

Includes $240 Million in Department of Transportation Capital Projects and $27 Million for Local Road Repairs

Traducción al español

Governor Kathy Hochul today announced details of key proposals from her Fiscal Year 2024 Executive Budget to grow jobs and boost the economy in the Mid-Hudson Region of New York. In line with the 2023 State of the State, the budget includes a major investment to increase housing supply and expand economic opportunity and innovation in the region.

"These significant investments in housing, education, and infrastructure in the Mid-Hudson region are critical to lifting up the local community and economy," Governor Hochul said. "This funding is building on efforts already underway to ensure the region is safe, affordable, and resilient to the challenges of the future -- creating a more prosperous Mid-Hudson region for generations to come."

Several of the budget proposals Governor Hochul announced today are in line with the Economic Innovation Plan announced in the 2023 State of the State to grow jobs and businesses by expanding economic opportunity and innovation across New York State through targeted investments, business support and other programming aimed at high-growth industries. The Governor's budget includes several initiatives to invest in higher education and improve local attractions across the state. 

Read the full press release here.