Current:Home > NewsHochul announces budget outline as lawmakers continue to hash out details -Zenith Investment School
Hochul announces budget outline as lawmakers continue to hash out details
View
Date:2025-04-17 15:50:10
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! (54585)
Related
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- 'Rocket fuel' in Gulf may propel Francine closer to hurricane status: Live updates
- Flash flood sweeps away hamlet as Vietnam’s storm toll rises to 155 dead
- Abortion-rights measure will be on Missouri’s November ballot, court rules
- Meta donates $1 million to Trump’s inauguration fund
- Sean Diddy Combs Ordered to Pay More Than $100 Million in Sexual Assault Case
- South Carolina, UConn celebrate NCAA championships at White House with President Biden
- Without legal protections, farmworkers rely on employers to survive extreme heat
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- Ohio is sending troopers and $2.5 million to city inundated with Haitian migrants
Ranking
- Trump's 'stop
- NFL Week 2 odds: Moneylines, point spreads, over/under
- Caitlin Clark returns to action Wednesday: How to watch Indiana Fever vs. Las Vegas Aces
- Flavor Flav Warns Snoop Dogg, Pitbull After Donald Trump's Pet Eating Claim
- Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
- Trump repeats false claims over 2020 election loss, deflects responsibility for Jan. 6
- The Bachelor’s Kelsey Anderson Shares Update on Her and Joey Graziadei’s Roommate Situation
- Attorney for police officer involved in Tyreek Hill case speaks out
Recommendation
'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
Joe Jonas and Sophie Turner Finalize Divorce One Year After Split
Dolphins coaches, players react to ‘emotional’ and ‘triggering’ footage of Tyreek Hill traffic stop
Check Out All the Couples You Forgot Attended the MTV VMAs
Why members of two of EPA's influential science advisory committees were let go
When does 'Survivor' Season 47 start? Premiere date, cast, where to watch and stream
Video shows a SpaceX rocket launch 4-member crew for daring Polaris Dawn mission
Massachusetts man who played same lottery numbers for 20 years finally wins Mega Millions