Current:Home > StocksHochul announces budget outline as lawmakers continue to hash out details -VitalWealth Strategies
Hochul announces budget outline as lawmakers continue to hash out details
View
Date:2025-04-19 02:07:44
ALBANY, N.Y. (AP) — New York Gov. Kathy Hochul on Monday announced the framework of a $237 billion budget that includes broad plans to drive new housing construction, address the influx of migrants and crack down on illegal marijuana shops.
Hochul, a Democrat, described the announcement as the “parameters of a conceptual agreement” on the budget, which is about two weeks late, that was struck with leaders of the state Senate and Assembly after a series of backroom negotiations.
“You can’t get to the legislature for consideration unless we have agreement on the package to go forth,” Hochul told reporters at the Capitol, adding, “It takes a little time to get to the final resolution but I’ve explained what I feel there’s agreement on.”
Still, the governor’s announcement appeared to have caught lawmakers off guard, with officials still in the process of holding meetings and working out the specifics of the spending plan.
“I think it was a surprise for all of us in the Senate,” said state Sen. Liz Krueger, a high-ranking Democrat.
The Senate and Assembly, both controlled by Democrats, would need to approve the budget before it could become law.
The housing deal outlined by Hochul would include a new tax break for developers to incentivize building and a set of tenant protections to make it harder to raise rents and evict people in certain cases, though specifics were not detailed. It also includes plans to use commercial properties and state lands for residential housing.
The sweeping housing agreement had become a sticking point in negotiations, with top officials moving to craft a deal that leads to more new, affordable homes while protecting tenants and luring developers to build.
The spending plan would also set aside $2.4 billion for the state to address numerous migrants who have overwhelmed New York City’s homeless shelters, following a proposal from Hochul to provide short-term shelter services, legal assistance and more.
And Hochul said there was an agreement on a new strategy to combat unlicensed marijuana storefronts, which have become ubiquitous in the city following the state’s legalization of recreational weed sales, through a proposal to make it easier for local authorities to close the black market shops.
veryGood! (18184)
Related
- From bitter rivals to Olympic teammates, how Lebron and Steph Curry became friends
- Argentina’s Milei faces general strike at outset of his presidency, testing his resolve
- Biden vetoes GOP measure that aimed to block White House policy on foreign content in EV chargers
- 1000-Lb Sisters' Amy Slaton Breaks Down in Tears During Family Vacation
- Skins Game to make return to Thanksgiving week with a modern look
- Jon Stewart will return to ‘The Daily Show’ as host — just on Mondays
- Daniel Will: Exploring Warren Buffett's Value Investing Philosophy
- Civil war turned Somalia’s main soccer stadium into an army camp. Now it’s hosting games again
- 3 years after the NFL added a 17th game, the push for an 18th gets stronger
- Colorado pastor says God told him to create crypto scheme that cost investors $3.2 million
Ranking
- What polling shows about Minnesota Gov. Tim Walz, Harris’ new running mate
- Netanyahu pressed on 2-state solution for Israel-Hamas war as southern Gaza hit with relentless shelling
- Green Bay Packers fire defensive coordinator Joe Barry after three seasons
- Officials identify possible reason for dead foxes and strange wildlife behavior at Arizona national park
- Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
- Small plane crashes in Florida Everglades, killing 2 men, authorities say
- Attorney: KC man had 'no knowledge' 3 friends were dead in his backyard after Chiefs game
- Long penalized for playing at Coors Field, Todd Helton finally gets his due with Hall of Fame nod
Recommendation
'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
Las Vegas-to-California high-speed electric rail project gets OK for $2.5B more in bonds
Judge in a bribery case against Honolulu’s former top prosecutor is suddenly recusing himself
Jennifer Lopez shimmies, and Elie Saab shimmers, at the Paris spring couture shows
Audit: California risked millions in homelessness funds due to poor anti-fraud protections
Daniel Will: First Principles Interpretation of FinTech & AI Turbo.
North Carolina authorizes online sports betting to begin on eve of men’s ACC basketball tournament
Cease-fire efforts for Israel-Hamas war gain steam. But an agreement still appears elusive