Current:Home > MyHochul announces budget outline as lawmakers continue to hash out details -Elevate Profit Vision
Hochul announces budget outline as lawmakers continue to hash out details
SignalHub Quantitative Think Tank Center View
Date:2025-04-10 12:43:54
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! (59625)
Related
- Tom Holland's New Venture Revealed
- 'Apples Never Fall' preview: Annette Bening, Sam Neill in latest Liane Moriarty adaptation
- How Heidi Klum Reacted After Daughter Leni Found Her Sex Closet
- Justin Timberlake Wants to Apologize to “Absolutely F--king Nobody” Amid Britney Spears Backlash
- This was the average Social Security benefit in 2004, and here's what it is now
- John Podesta named senior Biden climate adviser as John Kerry steps down as climate envoy
- Jury hears that Michigan school shooter blamed parents for not getting him help
- Hulu is about to crack down on password sharing. Here's what you need to know.
- Travis Hunter, the 2
- Takeaways from AP report on the DEA’s secret spying program in Venezuela
Ranking
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Who will win next year's Super Bowl? 2024 NFL power rankings using Super Bowl 2025 odds
- Don’t Miss Out on Vince Camuto’s Sale With up to 50% off & Deals Starting at $55
- Damian Lillard cheered in his return to Portland after offseason trade to the Bucks
- Dick Vitale announces he is cancer free: 'Santa Claus came early'
- Dearest Readers, You’ll Burn for Bridgerton’s Intense Season 3 Teaser
- AP-NORC poll finds an uptick in positive ratings of the US economy, but it’s not boosting Biden
- New Mexico police won’t be charged in fatal shooting of a homeowner after going to the wrong house
Recommendation
Skins Game to make return to Thanksgiving week with a modern look
Russian court extends detention of Russian-US journalist
Russell Brand denies 'very hurtful' assault allegations in Tucker Carlson interview
U.K. mulls recognizing a Palestinian state to advance two-state solution, defuse Israel-Hamas war
The company planning a successor to Concorde makes its first supersonic test
Former NBA All-Star Marc Gasol officially announces retirement from basketball
House approves major bipartisan tax bill to expand child tax credit, business breaks
Chicago becomes latest US city to call for cease-fire in Israel-Hamas war