New York State's $237 Billion Budget Faces Criticism for Neglecting Key Issues

Governor Hochul's budget, criticized for its handling of taxes, migrant costs, and public safety, leaves New York City bearing significant financial burdens.

• The budget maintains a pandemic-era tax surcharge on high-income earners, adding to the state's financial burdens.
• New York City is left to cover the full $12 billion cost for housing and supporting over 180,000 migrants, receiving only $2.4 billion from the state.
• Governor Hochul rolls back critical public-pension reforms, potentially adding $4 billion to state liabilities.
• The budget fails to effectively address the proliferation of illegal marijuana stores, complicating public safety efforts.
• New housing policies and mayoral control of schools are compromised, with significant caveats limiting their effectiveness.

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