They’re the quarter-trillion dollar questions.

Gov. Kathy Hochul revealed Tuesday how she plans to pay for her record $260 billion proposed New York budget without raising taxes — by claiming “unexpected” revenues, partly from better-than-expected Wall Street bonuses.

The 2027 fiscal year budget book — which was released alongside Hochul’s speech in Albany detailing her spending plan — makes the case that revenues from the blockbuster bonuses for fat cat execs and an AI-driven stock market boom will keep the Empire State’s coffers extra flush.

But even as Hochul sets lofty spending expectations by taking a $4.5 billion step toward universal childcare across the state, she and her budget gurus also warned of slowing job growth and threats from Washington.

“This year, with so much uncertainty coming out of Washington, it also must be a plan that can hold up to pressure,” Hochul said, using her speech to bash President Trump and federal Republicans.

“This is not an austerity budget, but it is a disciplined one.”

The proposed budget signifies the difficult fiscal tightrope that Hochul has chosen to walk since allying herself with Democratic socialist New York City Mayor Zohran Mamdani, especially as she seeks his progressive supporters’ votes in an election year.

Hochul has promised to deliver at least part of Mamdani’s sweeping socialist agenda with her moves toward universal childcare, but resisted his call to pay for it by raising taxes on the rich.

Mamdani praised Hochul’s commitment to childcare as he again lambasted his predecessor, Eric Adams. for leaving him with a $12 billion budget shortfall. He then echoed Hochul’s words on thriftiness, before breaking with her on taxes.

“And let me be clear: we reject austerity politics,” he said in a statement.

“It is time to ask New York City’s wealthiest and large corporations to pay their fair share, while also working toward a fiscal relationship with the State that better reflects New York City’s status as the economic engine of the state.”

When asked about Mamdani’s “tax the rich” fever, Hochul said she spoke with him Tuesday morning and brushed aside their differences.

“I know he’s calling for a tax increase. I’ve heard that. I don’t have a response,” she said.

Rather than tax increases, Hochul is banking on what she called “unexpected” revenues to prop her budget up. 

The boon in part comes from officials tamping down tax revenue expectations by $4 billion in the past because of an uncertain economic outlook, including elevated inflation and slow growth, said Blake Washington, the state’s budget director.

The state is now projecting $3.8 billion in tax revenue for this current budget and another $5.7 billion in the upcoming 2027 fiscal year budget, documents show.

Budget officials said much of that increase in tax revenue came from Wall Street and insurance sector bonuses – which rose about 25% compared to last year’s handouts during the same time period.

The governor did not take questions from The Post.

While Hochul is loath to raise taxes on the rich, the budget shows she has no such qualms on taxing increasingly popular nicotine products such as Zyn.

The budget proposal calls to bring “alternative nicotine products” under New York’s existing 75% wholesale tax on tobacco products.

The governor also isn’t rolling back taxes on the wealthy.

The budget proposes to extend a 7.25% top corporate tax rate for three more years, in order to provide more revenue for the state and the eternally cash-strapped MTA. 

Other notable items in the budget include:

The budget drew mixed reviews from fiscal watchdog Andrew Rein, the president of the Citizens Budget Commission. 

He praised Hochul for focusing on affordability, but warned the budget will fuel a future $15 billion shortfall.

“Unfortunately, the budget extends the business tax surcharge: Business activity in New York City will continue to be taxed at 17.44 percent,” he said in a statement. “New York State and its localities are already the highest-taxing and second highest spending in the country.”

By contrast, lefty groups such as Invest In Our New York, a coalition that includes the Democratic Socialists of America, lambasted Hochul for not taxing the rich.

“Governor Hochul is clearly kicking the can down the road to score points with her wealthy donors,” a statement from the group said.

“But New Yorkers know – and support – the truth: you cannot fully fund universal childcare, replace lost federal funding, and build the New York we deserve without making the super-rich and highly profitable corporations pay what they owe in taxes.”

Hochul’s likely GOP challenger in the gubernatorial race – Nassau County Executive Bruce Blakeman – blasted her budget for funding migrant services. 

The budget does not include new migrant funding.

“After four years, Hochul still has no affordability plan,” Blakeman said in a statement. “Just more migrant spending, more giveaways, and higher bills for every family in this state.”

Confronted with Blakeman’s attack, Hochul waved it off.

“You guys really listening to him? Come on,” she said.