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Governor Hochul Highlights Southern Tier Investments as Part of FY 2024 Executive Budget

Budget Includes Over $151 Million for Department of Transportation Capital Projects in the Southern Tier; Over $23 Million for Local Road and Pothole Repairs

Includes $50 Million for Binghamton University to Continue Establishing Hub for Battery Technology Innovation

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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 Southern Tier 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.   

“Through these transformative investments in housing, innovation, education, and infrastructure, we are building a better, brighter future for everyone who lives in the Southern Tier,” Governor Hochul said. “With this funding, cities and towns across the region can revitalize their neighborhoods, create more opportunity for New Yorkers, and make their communities safer, more affordable, and more livable to ensure everyone has the opportunity to pursue the New York Dream.” 

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.