Gov. Wes Moore (D) said Tuesday he will avoid tax increases and massive budget cuts and instead focus on growing the state's economy to solve the worst budget problem in more than two decades.

The proposed cuts would apply to roughly three-quarters of New York taxpayers, and credits would go to new parents.

Gov. Dan McKee held his fifth State of the State address on Tuesday. In the speech, McKee focused on a variety of issues his budget proposal, which will be revealed Thursday, plans to address, while also explaining progress on components of his 2030 plan.

Streaming, cannabis, tobacco and state employee's pensions are all on the line to have increased taxes according to Governor Janet Mills' budget proposal. Governor Mills is proposing a budget of more than $11 billion,