"The Democratic governor's proposed budget is growing to $262.7 billion, officials said, and she plans to dole out more money to community health clinics and municipalities around the state. Hochul's largesse was revealed in amendments to her executive budget that were posted Thursday. She already announced $1.5 billion in additional assistance for New York City, where Mamdani is now facing a $5.4 billion deficit in the current and coming fiscal years."
"Mamdani said Tuesday that he would need to raise property taxes by 9.5% to plug New York City's deficit unless state lawmakers let him raise income taxes on the rich. Hochul, speaking to reporters on Wednesday, said she was cool to both ideas. "I don't support a property tax increase on New Yorkers, and I'm not wavering from my position that I don't want to drive more people out of our state by increasing taxes from what is already a high tax state,""
Governor Kathy Hochul's proposed budget grows to $262.7 billion and includes increased funding for community health clinics and municipalities. Amendments add $1.5 billion in additional assistance for New York City and $100 million to other municipalities. Mayor Zohran Mamdani says New York City faces a $5.4 billion deficit and would need a 9.5% property tax increase unless state lawmakers allow higher income taxes on the wealthy. Hochul rejects raising property taxes and opposes further tax increases that could drive residents from the state. State Senate Republicans argue New York City has a spending problem and warn that a bailout would reward fiscal irresponsibility.
Read at WRVO Public Media
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