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friend,

There’s so much to be proud of in this year's budget. This budget will lead the way in rebuilding our city and state and will provide much-needed support to our families, businesses, and communities across southern Brooklyn. I am proud to say that we kept our promise to invest in our state’s economic recovery while providing for all those who make our state great.

Here are just a few of the highlights:
-- The enacted budget will increase Foundation Aid by $1.3 billion, and finally fulfill the state’s obligation to fully fund New York City’s public schools within the next three years.
-- The enacted budget is the best budget for public higher education in a decade, investing an additional $56 million for a net increase of $131 million for CUNY and SUNY. The budget also institutes a three-year tuition freeze and for the first time ever, dedicates $2 million for mental health services and services for students with disabilities, a principal goal of the New Deal for CUNY. CUNY will also receive an additional $100 million in capital funds for new expansion initiatives.
-- The state budget provides a record investment in excess of $1 billion for New York’s small businesses to supplement existing federal aid. With $800 million in small business recovery grants, $200 million in tax credits, and a $35 million restaurant return-to-work tax credit targeted at establishments that were shut down in color-coded zones, this funding ensures that businesses hardest hit by the pandemic can get back on their feet.
-- I am proud that this budget includes a bill that I introduced last year to create a first-of-its-kind property tax circuit breaker to help lower- and middle-income homeowners from the high burden of property taxes. This proposal will deliver $440 million in property tax relief for 1.3 million New York households earning under $250,000 based on the proportion of their income spent paying property taxes.
-- The enacted budget allocates $2.4 billion for the COVID-19 Emergency Rental Assistance Program. The successful inclusion of this program in the state budget will ensure that tenants can remain in their homes while landlords also receive their due rent.
-- The enacted budget rejects all of the Governor’s proposed healthcare cuts, increases state support for human services providers, including entities serving adults with disabilities, and authorized the City of New York to offer an early retirement incentive to its municipal workers as a tool to avoid city layoffs next year.

If you have any questions about the budget, please don't hesitate to ask. Just reply to this email and we will get back to you as soon as we can.

Warmly,

Andrew


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PAID FOR BY ANDREW FOR NEW YORK


Andrew For New York
c/o Weir & Co.
321 Broadway, Sixth Floor
New York, NY 10007


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