Current:Home > ScamsHochul announces budget outline as lawmakers continue to hash out details -Golden Summit Finance
Hochul announces budget outline as lawmakers continue to hash out details
View
Date:2025-04-18 07:55:25
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! (18)
Related
- Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
- New grand jury transcripts released in Jeffrey Epstein case reveal prosecutors knew about accusations against him
- Oklahoma St RB Ollie Gordon II, who won Doak Walker Award last season, arrested for suspicion of DUI
- New Sherri Papini documentary will showcase infamous kidnapping hoax 'in her own words'
- Sam Taylor
- Angela Simmons apologizes for controversial gun-shaped purse at BET Awards: 'I don't mean no harm'
- Biden administration proposes rule for workplaces to address excessive heat
- Jamie Foxx gives new details about mysterious 2023 medical emergency
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- Biden administration proposes rule for workplaces to address excessive heat
Ranking
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Ian McKellen won't return to 'Player Kings' after onstage fall
- Oklahoma police officer shot after responding to report of armed man
- Oklahoma police officer shot after responding to report of armed man
- 'We're reborn!' Gazans express joy at returning home to north
- Oklahoma police officer shot after responding to report of armed man
- Proof Margot Robbie and Tom Ackerley's Romance Is Worthy of an Award
- Stripper sues Florida over new age restrictions for workers at adult entertainment businesses
Recommendation
NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
2 adults dead, child critically injured in Maryland apartment fire
Early Amazon Prime Day Deals 2024: Shop the Best Bedding and Linens Sales Available Now
Horoscopes Today, July 1, 2024
Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
Early Amazon Prime Day Deals 2024: Shop the Best Bedding and Linens Sales Available Now
US Prisons and Jails Exposed to an Increasing Number of Hazardous Heat Days, Study Says
At least 9 dead, including an entire family, after landslides slam Nepal villages