After a month of prolonged budget negotiations beyond the April 1^st deadline, the Senate and Assembly have begun to debate and pass legislation enacting the final budget for SFY 2023-24. The final budget is expected to be passed in full by tomorrow morning.

While the health budget bill has been printed and passed, there are still outstanding budget bills and issues that remain unclear. LeadingAge NY is working to gather more information and analysis and will publish a comprehensive SFY 2023-24 final budget memo within a week after the passage of the final budget. In the meantime, this member update provides some initial highlights of health and housing final budget measures impacting members.

On Tues., March 14^th, both the Assembly and Senate advanced their one-house budget proposals and continuing resolutions for expedited passage. Highlights of both the Senate and Assembly SFY 2023-24 one-house budgets as they relate to senior housing and long-term/post-acute care are provided in this summary from LeadingAge NY.

After careful review of Governor Hochul’s proposed budget, LeadingAge NY has compiled a comprehensive summary of the aspects that impact our membership.