Current:Home > StocksHochul announces budget outline as lawmakers continue to hash out details -Wealth Nexus Pro
Hochul announces budget outline as lawmakers continue to hash out details
View
Date:2025-04-12 19:22:08
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! (8844)
Related
- Retirement planning: 3 crucial moves everyone should make before 2025
- Today's Hoda Kotb Says Daughter Hope Has a Longer Road Ahead After Health Scare
- Two active-duty Marines plead guilty to Jan. 6 Capitol riot charges
- In Trump, U.S. Puts a Climate Denier in Its Highest Office and All Climate Change Action in Limbo
- NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
- Farm Bureau Warily Concedes on Climate, But Members Praise Trump’s Deregulation
- Analysis: Can Geothermal Help Japan in Crisis?
- 6 doctors swallowed Lego heads for science. Here's what came out
- Small twin
- Trump Moves to Limit Environmental Reviews, Erase Climate Change from NEPA Considerations
Ranking
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Angry Savannah Chrisley Vows to Forever Fight For Mom Julie Chrisley Amid Prison Sentence
- E. Jean Carroll can seek more damages against Trump, judge says
- Greenland’s Ice Melt Is in ‘Overdrive,’ With No Sign of Slowing
- 'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
- Chrissy Teigen Says Children Luna and Miles Are Thriving as Big Siblings to Baby Esti
- 15 wishes for 2023: Trailblazers tell how they'd make life on Earth a bit better
- World’s Oceans Are Warming Faster, Studies Show, Fueling Storms and Sea Rise
Recommendation
Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
Sunnylife’s Long Weekend Must-Haves Make Any Day a Day at the Beach
Jill Biden had three skin lesions removed
Paul McCartney says AI was used to create new Beatles song, which will be released this year
Current, future North Carolina governor’s challenge of power
Therapy by chatbot? The promise and challenges in using AI for mental health
Farm Bureau Warily Concedes on Climate, But Members Praise Trump’s Deregulation
In Spain, Solar Lobby and 3 Big Utilities Battle Over PV Subsidy Cuts