LeadingAge NY Issues Comprehensive SFY 2025-26 Budget Memo
(May 20, 2025) The final budget for State Fiscal Year (SFY) 2025-26 was passed on May 8th. While the estimated $254 billion State budget includes some successes that should not be overlooked, the overall outcomes are disappointing, and there is more work to be done. The final budget provides some new and continued investments in long-term care, but it does not provide the level of funding or support that older adults and medically vulnerable individuals need, and serious funding gaps remain.
On Fri., May 16th, LeadingAge NY issued a comprehensive final budget memo summarizing the portions of the State budget most relevant to our members. Members are encouraged to review the memo for a detailed breakdown of the budget outcomes.
Despite some disappointments, the advocacy of LeadingAge NY, our members, and our network of allies over the last several years is having an impact. The shortcomings in this year’s budget simply signal that we must continue to advocate and educate, to build upon our momentum and strengthen our network of advocates and champions in the Legislature. Our advocacy work at the State and federal level will continue in light of this year's budget, and we thank all of our members and allies for your partnership in advocacy.
LeadingAge NY remains committed to advocating for policies that uphold the dignity and well-being of older adults and individuals with disabilities, and we will continue to keep members apprised of updates and advocacy needed.
Please reach out to Sarah Daly at sdaly@leadingageny.org with any questions.