2018 New York state budget

NY Gov. Andrew Cuomo delivers his 2018 budget address
Karen DeWitt

Governor Andrew Cuomo Tuesday unveiled a $168 billion budget plan that would close a more than $4 billion gap by reducing some spending, and imposing tax increases on health insurers, big businesses, and prescription opioid users, among others. Cuomo, a Democrat, says he also wants to look into legalizing marijuana in New York.

Governor Andrew Cuomo
Office of Gov. Andrew Cuomo

New York Governor Andrew Cuomo is set to deliver his budget Tuesday, and the news is not expected to be good. The state faces a more than $4.4 billion budget gap, as well as funding cuts and policy changes from Washington that could cost New York and some of its taxpayers billions of dollars.