Albany legislators and the governor have been hammering out details for the FY 2025 budget, including funds for schools and a housing package addressing 421a replacement and penalties for retail theft. The budget draft prioritizes educational enhancements and affordable housing initiatives.
Key highlights involve investing a record $35.9 billion for schools, introducing new tax incentives for affordable housing, and establishing laws to protect tenants and combat price gouging. The focus is on improving reading proficiency and expanding affordable housing options in communities.
#governor-kathy-hochul #fy-2025-budget #education-funding #affordable-housing #legislative-agreements
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