Current:Home > ContactOliver James Montgomery-Hochul announces budget outline as lawmakers continue to hash out details -TradeWise
Oliver James Montgomery-Hochul announces budget outline as lawmakers continue to hash out details
Chainkeen View
Date:2025-04-07 20:32:04
ALBANY,Oliver James Montgomery 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! (8868)
Related
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- Minnesota officer who fatally shot 65-year-old man armed with a knife will not be charged
- At least 8 killed as chemical tanker capsizes off Japan's coast
- Fourth ex-Mississippi officer sentenced to 40 years for abusing and torturing two Black men
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Hilary Duff’s 12-Year-Old Son Luca Is All Grown Up in Sweet Birthday Tribute
- Aaron Taylor-Johnson says fascination with wife's 23-year age gap is 'bizarre'
- Evers vetoes Republican election bills, signs sales tax exemption for precious metals
- New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
- Get a Next-Level Cleaning and Save 42% On a Waterpik Water Flosser During Amazon's Big Spring Sale
Ranking
- Senate begins final push to expand Social Security benefits for millions of people
- 3 arrested after welfare call leads to removal of 86 dogs, girl and older woman from California home
- What Each Zodiac Sign Needs for Aries Season, According to Your Horoscope
- Teen driver blamed for crash that kills woman and 3 children in a van near Seattle
- FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
- Review: '3 Body Problem' is way more than 'Game of Thrones' with aliens
- Queen Camilla Shares Update on King Charles III Amid His Cancer Battle
- Get a Next-Level Cleaning and Save 42% On a Waterpik Water Flosser During Amazon's Big Spring Sale
Recommendation
Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
Rachel McAdams Just Debuted Dark Hair in Must-See Transformation
Hot air balloon crashes into powerlines near Minnesota highway, basket and 3 passengers fall
Review: '3 Body Problem' is way more than 'Game of Thrones' with aliens
Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
Famed battleship USS New Jersey floating down Delaware River to Philadelphia for maintenance
This Real Housewives of Beverly Hills Star Is Leaving After Season 13
Biden administration forgives $6 billion in student debt. Here's who qualifies for forgiveness.