Weighing looming deficits, the city’s costly asylum seeker challenge and the loss of pandemic-era federal funds, Gov. Hochul has spent recent weeks preparing a framework for the state’s next budget. On Tuesday, Hochul is due to present her spending plan, setting off months of haggling with lawmakers in Albany over the contours of the finalized budget for the 2025 fiscal year. Even after the .
Weighing looming deficits, the city’s costly asylum seeker challenge and the loss of pandemic-era federal funds, New York Gov. Kathy Hochul has spent recent weeks preparing a framework for the state’s next budget. On Tuesday, Hochul is due to present her spending plan, setting off months of haggling with lawmakers in Albany over the contours of the finalized budget for the 2025 fiscal year. .
New York State budget: Focus will be mostly about money, not policy newsday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsday.com Daily Mail and Mail on Sunday newspapers.
The COVID-19 pandemic led to more of the highest-earning residents of New York State who make at least $815,000 a year to leave for other states. However,