New York State Reaches Preliminary $237 Billion Budget Agreement

Governor Kathy Hochul announces a conceptual agreement on the budget, focusing on education funding, housing, and migrant support.

Governor Kathy Hochul announced a preliminary agreement on a $237 billion budget for New York, marking a significant increase in school funding and new housing initiatives.
The budget includes a record $35.9 billion for New York schools, with discussions on extending mayoral control of NYC schools still ongoing.
Housing measures in the budget aim to stimulate construction and include tenant protections, with a focus on creating affordable homes.
An additional $2.4 billion is allocated to address the migrant crisis in New York City, reflecting the state's response to increased demands on homeless shelters.
Negotiations on the budget, which is two weeks late, continue as lawmakers iron out details on various provisions including illegal marijuana shops crackdown.