The amount of federal money New York Democratic Gov. Kathy Hochul assumed her state would receive when putting together her budget. That’s 36 percent of her proposed $252 billion budget. New York has an unusual April 1 start to its fiscal year; its next budget is expected to be late. As Hochul and legislators craft their final deal, they realize that cuts in aid from Washington are coming, but they are flying blind in terms of the extent of those cuts. The same will likely still be true for other states crafting budgets for new fiscal years beginning in most cases on July 1.
