""For now, we are where we are," said state Senate Finance Chair Liz Krueger, a Manhattan Democrat. "We are hoping negotiations continue. I do know that senior staff are having three-way discussions and leadership is having three-way discussions on a variety of topics, but I don't have any details of finalization on anything major.""
"Late budgets have been a rite of passage in Albany for decades. Hochul, who took office in 2021, hasn't had an on-time budget yet, with last year's stalemate lasting until May 8. That marked the latest state budget since 2010, when lawmakers finished passing it July 1, according to data from the state comptroller's office."
New York's state budget is delayed for the seventh consecutive year as Governor Kathy Hochul and the Democrat-led Legislature failed to reach an agreement by the April 1 deadline. A one-week budget extender was passed to ensure state workers are paid. Key issues under negotiation include tax increases on the wealthy and corporations, which Hochul opposes. Historical data shows that only 10 of the last 40 budgets have been on time, with Hochul yet to deliver an on-time budget since taking office in 2021.
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