New York wants to sock it to Wall Street and the wealthy.

Both houses of the state legislature have proposed budgets that include nearly $7 billion in new and increased taxes on businesses and the rich.

The tax increases come despite a $100 billion avalanche of fresh federal aid to New York, including $12.6 billion directly to state government coffers.

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Assembly leaders crowed in a press release Sunday that state lawmakers are proposing a $208.3 billion budget for the next fiscal year.

Their plan includes a 22.6 percent increase in spending — or $16.9 billion — over last year. That’s more than 10.5 percent higher than what Gov. Andrew Cuomo is proposing.

To help cover the new proposed expenses such as rent for “New Yorkers who do not have access to unemployment, federal stimulus funds and other assistance programs’’ — including illegal immigrants — the pols said they want to raise the nearly $7 billion in new revenue through the taxes.

Read more at NY Post.