Fahy Announces Priority Items and Provisions Included in Assembly Budget Resolution

The FY 2021–22 Assembly budget resolution is one of the most ambitious fiscal plans in my tenure. Following what’s been an unprecedented year, the Assembly proposal increases state spending by 22% compared to last year to help address the serious and critical challenges presented by the COVID-19 pandemic over the last year. Facilitating this significant increase to help truly revitalize New York State’s economy are two primary factors; the passage of the unprecedented $1.9 trillion American Rescue Plan, as well as asking those who have the most to do more in the form of increased taxes on the very wealthiest New Yorkers.

Some of the wealthiest New Yorkers, including billionaires and millionaires, are among those who’ve become $1.2 billion richer since March 2020, according to recent data released by Forbes, unlike so many who experienced unemployment, financial loss, and more amidst the worst economic upheaval since the 1930s. All budgets are the result of compromises — but I’m confident the Assembly’s proposed fiscal plan will jumpstart New York’s post-COVID recovery, provide needed relief to workers and families, and chart a strong, sustainable path forward for our state’s economy.

I’m proud to announce the successful inclusion of priority items in various parts of this year’s Assembly one-house budget and thank Speaker Heastie for his work in ensuring these critical initiatives and projects are funded:

  • $750 million Wadsworth Labs

Our attention turns now to negotiating a final state budget that creates and grows the jobs of tomorrow’s economy, enacts robust climate action measures, financial assistance for small businesses, and helps working New Yorkers get back on their feet in a post-COVID economy. With the American Rescue Plan now law, we have an opportunity to make transformative investments in the Capital Region and New York State for years to come as we finally begin to ‘Build Back Better’.”

Fahy’s full floor remarks (2 min.) on the Assembly’s budget proposal can be watched here.

Member of NYS Assembly - 109th AD, representing Albany, Bethlehem, Guilderland, and New Scotland. Follows, replies ≠ endorsement.