Updated
Updated · The Journal News · May 4
New York state budget deal nears as Hochul expects agreement this week
Updated
Updated · The Journal News · May 4

New York state budget deal nears as Hochul expects agreement this week

10 articles · Updated · The Journal News · May 4
  • Hochul said leaders would brief their conferences early this week as the Senate and Assembly reconvene on May 4, when the eighth budget extender expires after $16.7 billion in stopgap spending.
  • Major sticking points include changes to the climate law, car insurance rate reforms and the state environmental review process, with talks also touching a proposed New York City second-home tax.
  • The budget is already more than a month late past the April 1 deadline, and Hochul has rejected Mayor Zohran Mamdani's request for extra state help to close New York City's budget gap.
With revenue estimates in doubt, can a 'second home' tax truly solve New York City's multi-billion dollar budget crisis?
As New York delays its climate goals for affordability, what is the hidden long-term cost for its residents?
Will New York's plan to lower car insurance premiums actually save drivers money or just boost corporate profits?