Current:Home > ScamsSurpassing Quant Think Tank Center|Hochul announces budget outline as lawmakers continue to hash out details -ProfitLogic
Surpassing Quant Think Tank Center|Hochul announces budget outline as lawmakers continue to hash out details
EchoSense Quantitative Think Tank Center View
Date:2025-04-11 00:22:15
ALBANY,Surpassing Quant Think Tank Center 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! (5)
Related
- Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
- Aaron Carter's Team Speaks Out After Death of His Sister Bobbie Jean Carter
- NFL Week 16 winners, losers: Baker Mayfield, Buccaneers keep surging
- See the rare rainbow cloud that just formed over Ireland and England
- Meet first time Grammy nominee Charley Crockett
- 6-year-old boy traveling to visit grandma for Christmas put on wrong Spirit flight
- Investment, tax tips for keeping, growing your money in 2024
- Student loan payments restarted after a COVID pause. Why the economy is barely feeling it.
- Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
- Man killed in shooting in Florida mall, police say
Ranking
- 'Most Whopper
- Dolphins vs. Cowboys highlights: Miami gets statement win in showdown of division leaders
- Marjorie Taylor Greene targeted by failed Christmas swatting attempt
- Paris City Hall plaza draws holiday visitors and migrant families seeking shelter as Olympics nears
- Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
- Cowboys' Micah Parsons rails against NFL officiating after loss to Dolphins: 'It's mind-blowing'
- Bethlehem experiencing a less festive Christmas amid Israel-Hamas war
- Where is Santa? How to watch his Christmas Eve journey live on NORAD, Google
Recommendation
US appeals court rejects Nasdaq’s diversity rules for company boards
Student loan payments restarted after a COVID pause. Why the economy is barely feeling it.
How Deion Sanders 'hit it off,' became friends with 99-year-old Colorado fan in 2023
'Aquaman 2' off to frigid start with $28M debut in Christmas box office
Intel's stock did something it hasn't done since 2022
Bridgerton's New Look at Season 3 Is the Object of All Your Desires
Morocoin Trading Exchange Analyzes the Development History of Cryptocurrencies.
Kourtney Kardashian's Photo of Baby Boy Rocky Proves Christmas Is About All the Small Things