Current:Home > StocksHochul announces budget outline as lawmakers continue to hash out details -Wealth Evolution Experts
Hochul announces budget outline as lawmakers continue to hash out details
View
Date:2025-04-22 10:41:01
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! (357)
Related
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- Taylor Swift and Travis Kelce pack on the PDA. We can't stop watching.
- Has Tanya Rad’s Engagement Inspired BFF Becca Tilley to Marry Hayley Kiyoko? Becca Says…
- Why Asian lawmakers are defending DEI and urging corporate America to keep its commitments
- North Carolina justices rule for restaurants in COVID
- Tiger Woods' Kids Are Typical Teens With Their Reaction to Dad's New Clothing Line
- Mardi Gras 2024: Watch livestream of Fat Tuesday celebrations in New Orleans, Louisiana
- New report says most American Jews feel less safe in US after Israel-Hamas war
- House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
- The Daily Money: Older workers are everywhere. So is age discrimination
Ranking
- What to watch: O Jolie night
- How Bachelor's Sarah Herron Is Learning to Embrace Her Pregnancy After Son Oliver's Death
- Boy, 15, charged with murder in the fatal shooting of 3 people at an Arkansas home
- Man behind gender reveal that sparked El Dorado fire in Southern California pleads guilty
- McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
- Kendall Jenner Makes a Splash in New Calvin Klein Campaign
- Caitlin Clark goes for NCAA women's scoring record Thursday vs. Michigan
- Fake Michigan Certificate of Votes mailed to U.S. Senate after 2020 presidential vote, official says
Recommendation
Don't let hackers fool you with a 'scam
A widow opened herself up to new love. Instead, she was catfished for a million dollars.
Love Is Blind Status Check: Find Out Where All the Couples Stand Before Season 6 Premiere
Hiker stranded on boulder hoisted to safety by helicopter in California: Watch the video
Intellectuals vs. The Internet
Rare Oregon plague case caught from a cat. Here's what to know about symptoms and how it spreads.
These 'America's Next Top Model' stars reunited at Pamella Roland's NYFW show: See photos
What is Galentine's Day? Ideas for celebrating the Valentine's Day alternative with your besties