#new-york-state-budget

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NYC politics
fromGothamist
5 hours ago

A rite of Albany: The line of NY lawmakers collecting paychecks after passing the budget

New York lawmakers waited 57 days for pay after a $268.5 billion budget was finalized late, reflecting a long-standing delay caused by state law and secretive negotiations.
NYC real estate
fromCity Limits
9 hours ago

Which Housing Measures Made NY's State Budget, And What Else Happened This Week

Budget agreement expands SCRIE/DRIE eligibility for senior and disabled rent freezes and speeds environmental review for certain housing projects, but does not add funding for housing vouchers.
fromTruthout
1 day ago

New York Passes State Budget With No Funds to Support Access to Transgender Care

Since Trump took office for his second term, his administration's attacks on hospitals that provide gender-affirming care for transgender youth have significantly disrupted that care. In response, advocates have pushed blue states that claim to support transgender people to step in and fund care directly. That has been especially true in New York, where advocates spent the legislative session pushing for a dedicated gender-affirming care fund - an access program designed to help outpatient providers absorb the patients pushed out of hospitals that abandoned care.
NYC LGBT
NYC real estate
fromtherealdeal.com
1 day ago

Kathy Hochul's pied-a-terre tax spells challenge for co-ops

An annual tax on New York City pieds-à-terre worth $5 million or more takes effect July 1, with co-op boards tasked to collect from shareholders.
NYC politics
fromGothamist
2 days ago

New Yorkers: See if you're eligible for a $200 rebate check from the state

Up to $200 utility-cost checks will be automatically mailed in autumn to eligible New York residents, with amounts based on 2024 income and filing status.
NYC real estate
fromForbes
2 days ago

New Details Revealed About New York's Luxury Pied-A-Terre Tax Coming In July

A New York budget may add a pied-à-terre tax on high-value secondary homes, with rates based on market value and exemptions for primary residents and certain occupied properties.
NYC politics
fromGothamist
4 days ago

New York won't tackle e-bike registration this year

Deliberations and budget timing prevent New York from advancing e-bike registration until 2027.
NYC politics
fromHoodline
5 days ago

NY Delays Reparations Study To 2029

New York delayed the reparations commission’s final report deadline to around January 2039, extending the timeline to 54 months after its first meeting.
NYC real estate
fromRobb Report
1 week ago

All-Cash Buyers in New York Could Face a New Tax on Homes Sold for Over $1 Million

A proposed New York tax would require all-cash home purchases over $1 million to pay a new levy, narrowing a current mortgage-versus-cash gap.
NYC real estate
fromGothamist
1 week ago

Atlantic Yards project in line for $175M in NY state budget

State officials are considering $175 million in taxpayer support to build a platform over tracks at Atlantic Yards, tied to affordable-housing requirements.
NYC real estate
fromCity Limits
1 week ago

State Lawmakers 'Not Giving Up' in Push for Hochul to Fund More Rental Vouchers

Expanding the Housing Access Voucher Program could prevent homelessness for 5,500 New York City households losing expiring federal rent assistance.
Brooklyn
fromBrooklyn, NY Patch
1 week ago

NYC Tax Break Deal Hands Brooklyn Developer Millions

A revived 421a tax incentive extends deadlines, enabling Two Trees to secure property tax breaks for the River Ring luxury project despite delayed completion.
Law
fromStreetsblog Empire State
1 week ago

State Pols Pass The Non-Controversial Part Of Hochul's Car Insurance Reforms - Streetsblog Empire State

Ends flex rates that let insurers raise auto premiums up to 5% without state approval and restricts certain consumer data used to set rates.
Brooklyn
fromGothamist
1 week ago

Brooklyn developer lands state budget tax break for Williamsburg waterfront complex

A 421a tax-break extension in New York’s budget will let Two Trees’ River Ring project qualify despite missing a 2031 completion deadline.
NYC politics
fromCity Limits
3 weeks ago

State Budget Deal Looks to Restrict ICE Agreements in New York, But Immigrant Advocates Want Harder Stance

New York’s 2027 budget handshake deal proposes ending 287(g) agreements and adding protections to limit local involvement in civil immigration enforcement.
NYC politics
fromwww.amny.com
3 weeks ago

State budget: Hochul unveils agreement with ICE limits, energy rebates but Assembly speaker Heastie disputes deal | amNewYork

Governor Hochul announced a $268 billion state budget framework with immigration restrictions and energy rebates, but key funding details for New York City remain unresolved and Speaker Heastie disputed whether a deal was actually reached.
#tax-policy
NYC politics
fromGothamist
2 months ago

7 things to watch as New York's budget battle heats up

New York's state Assembly and Senate passed competing budget resolutions against Governor Hochul's $263 billion plan, with major disagreements over taxes and spending priorities before the March 31 fiscal year deadline.
NYC politics
fromNew York Daily News
2 months ago

NY state lawmakers propose boosting taxes on the rich, challenging Hochul and aligning with Mamdani

New York state lawmakers propose tax increases on wealthy individuals and corporations to provide $5 billion to New York City, aligning with Mayor Mamdani's affordability agenda while challenging Governor Hochul's opposition to personal income tax hikes.
#car-insurance-reform
fromStreetsblog
2 months ago
US politics

BREAKING: State Lawmakers Cut Hochul's Car Insurance Scheme From Their Budget - Streetsblog New York City

fromStreetsblog
2 months ago
US politics

BREAKING: State Lawmakers Cut Hochul's Car Insurance Scheme From Their Budget - Streetsblog New York City

New York City
fromwww.amny.com
2 months ago

Fare-free bus push: State lawmakers look to revive pilot program in budget proposals as Mamdani seeks citywide initiative | amNewYork

New York state legislative leaders propose reviving a fare-free bus pilot program that previously operated in 2023-2024, supporting Mayor Mamdani's campaign goal of eliminating bus fares citywide.
NYC real estate
fromtherealdeal.com
2 months ago

The Daily Dirt: Debating a J-51 reboot

New York's J-51 property tax abatement program expires this year, with Governor Hochul and Senator Kavanagh proposing competing revival plans that extend benefits to 10 years and increase tax break values to 100 percent of renovation costs.
New York City
fromWRVO Public Media
3 months ago

Hochul increases funding across NY state as Mamdani sounds alarm on NYC budget hole

Governor Kathy Hochul proposes a $262.7 billion budget and increases state aid, including $1.5 billion for New York City and $100 million for other municipalities.
NYC politics
fromCity Limits
11 months ago

3 Changes to New York Labor Laws Included in the Latest State Budget

New York's $254 billion budget has mixed effects on labor protections for blue-collar workers, with some gains but also notable cuts.
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