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The FY2027 state budget, the latest in 16 years, commits $4.5 billion to child care and pre-K on a path to universal child care, sends $1 billion in energy rebate checks and adds a surcharge on luxury New York City second homes. Lawmakers finished passing it late on 27 May, nearly two months after the 1 April deadline.

Governor Kathy Hochul seeks a second full term against Nassau County Executive Bruce Blakeman, the Republican and Conservative nominee endorsed by President Trump. September polls put Hochul ahead by 9 points (Siena) to 19 points (Quinnipiac).

The winner of the 3 November election takes office on 1 January 2027, the day the state constitution starts the political year, for a four-year term. Governor Kathy Hochul is seeking re-election against Bruce Blakeman.