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North Country lawmakers say Hochul's budget address continues to leave out North Country priorities
- On Tuesday, Gov. Kathy Hochul proposed a $260 billion New York State executive budget that extends the 7.25% corporate franchise tax for three years targeting corporations making over $5 million in profits, generating $1.6 billion annually to offset federal cuts.
- To fund expanded services, the proposal directs $4.5 billion to child care programs and 2-Care in New York City, while about 65% of spending increases aid Medicaid and local school districts amid federal funding cuts under the Trump administration.
- Budget documents show the $260 billion plan includes a $157.4 billion state operating budget, $21.8 billion in capital expenditures, $80.8 billion in federal funding, and spending rises by $1.6 billion or 0.7%.
- Opponents and watchdogs warned, as the proposal triggers weeks of negotiations with the New York State Legislature, and Mamdani urged taxing the wealthy.
- Under the proposal, the corporate rate would extend through fiscal year 2029 despite the state holding $14.6 billion in reserves and facing a projected $6 billion 2027-2028 deficit, while advocates warn 2-Care expansion lacks funding beyond two years.
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Mamdani Calls for Rich People to Pay More in New York in the Face of a State Budget with No Tax Hike
New York Mayor Zohran Mamdani asked the rich to "pay their fair share" after learning about a budget proposal for the state
NY tuition freeze continues for another year, NY Gov says
NEW YORK (PIX11) – New York’s college tuition freeze will extend into 2026, Gov. Kathy Hochul said Tuesday. Tuition for undergraduate SUNY and CUNY students will remain steady for another year. The state will provide $90 million to keep schools from passing increased costs onto students, Hochul said. “By keeping tuition flat across SUNY and [...]
·New York, United States
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Total News Sources23
Leaning Left4Leaning Right5Center9Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 22%
C 50%
R 28%
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