New York’s $268 Billion Budget Deal Includes New Second-Home Tax | Deal or no deal? Gov. Hochul…


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Explore the latest developments concerning New York’s $268.

Deal or no deal? Gov. Hochul says pencils down, Albany Democrats say not so fast

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Gov. Kathy Hochul declared victory Thursday, claiming she secured a state budget deal with the state legislature, before Assembly Speaker Carl Heastie said: she’s wrong.

Hochul admitted she’s still fuzzy on the details tied to city funding and a new tax on Big Apple second homes, sparking a political debate with fellow Democrats.

“We got it done,” she said during a press conference in the Red Room of the state Capitol on Wednesday morning.

Although it’s 37 days past the April 1 deadline, she presented what she labeled a done deal.

Budget deal or no budget deal? Depends who you ask.

Gov. Kathy Hochul announced a broad budget plan – one that Assembly Speaker Carl Heastie says is not done.

Mike Groll/Office of Governor Kathy Hochul

Gov. Kathy Hochul announced Thursday she had reached a “general agreement” with legislative leaders on a $268 billion state budget, which is now over a month overdue and the latest of her tenure. “We got it done,” she declared. 

Not so, says Assembly Speaker Carl Heastie. “There’s no budget deal,” he told reporters in the state Capitol.

Hochul said she was “really proud” of the spending plan and the deals she reached with legislators on a variety of issues, including on immigration, changes to the state’s climate law and auto insurance reform. “I'm not going to mince words – the negotiations were not easy,” Hochul said. “There were very substantive disagreements, tough choices and powerful special interests trying to influence the outcome.”

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