State Budget

Gov. Kathy Hochul outlines a $229 billion spending plan that leaves many questions unanswered — but helps New York City, from NYCHA to the MTA.
Funding cuts to libraries, Albany issues and Knicks and Nets, with special guest co-host Ben Max.
From helping judges set bail to spurring housing development, big plans from Hochul are encountering fierce resistance from state lawmakers.
The MTA and programs for renewable energy and mental health receive boosts — but progressives’ minimum wage hike and corporate tax hike demands got no traction.
Industry groups and advocates put the heat on Adams and Hochul to tap higher-than-expected tax revenue for housing, homeless shelters, job training and more.
City comptroller reports estimated income tax payments are down by nearly one-third, driven by sharp drops in Wall Street capital gains.
A market meltdown will have an outsized impact on the state budget, and job losses in the city’s vital tech sector loom.
Booze-to-go cups, a gas tax holiday that could hit the MTA, and bail reform highlight Albany’s “conceptual agreement” — for now.
Lawmakers leave Albany until Monday, leaving Gov. Kathy Hochul without a state spending plan at the start of a new fiscal year.
Mayoral control of public schools and a housing tax break are no longer on the table, sources tell THE CITY. Not helping: The mayor’s first and last appearance in Albany was in mid-February.
Projecting billions in boosted tax revenue and cashing in federal aid, state budget plan socks away funds for a future rainy day while helping New York dig out from COVID calamity.
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Some 300,000 undocumented New Yorkers are now eligible for help under the historic Excluded Workers Fund established in the state budget. But there are still some more hurdles to get the cash. Here’s a breakdown.
Education advocates are optimistic that this spending plan will help districts create programs for students’ academic and mental health needs.
After a year of Band-Aids, lawmakers in Albany finally have the big bucks to pass a substantial relief program as part of the state budget. Here’s what you need to know about what’s on the table for renters, landlords and homeowners.
Governor and legislative leaders agree that workers excluded from state and federal COVID economic aid programs should get financial assistance, but Cuomo demand for paper trails has some bill backers alarmed.
Federal aid and higher-than-expected tax revenues are enough to fill the pandemic budget gap. Progressives say more taxes are needed to repair COVID-19 damage while tax opponents argue a hike would drive high-earners from New York.
The number of New Yorkers making $1 million or more a year jumped 20% between 2015 and 2018. As de Blasio backs more taxes on the wealthy to ease the pandemic economic crisis, Cuomo warns of a taxpayer exodus.
Student sign-ups decline as the city’s public colleges shed more jobs — including over 2,800 part-time professors their union is fighting to get rehired.
With a $10 billion pandemic-driven deficit looming and help from Washington uncertain, New York City braces for the worst. Meanwhile, AOC calls for a billionaires’ tax.
New York’s quirk-packed budget process gets more complicated this year, thanks to a Medicaid-fueled $6 billion deficit. Here’s how it all affects you.