Politics

State lawmakers counter Hochul’s $233B budget with plans that would raise taxes on wealthy, boost tenant protections

By Ethan Stark-Miller Posted on March 12, 2024

The state Senate and Assembly on Tuesday rolled out their budget plans for Fiscal Year 2025 — proposals that rebut key elements of Governor Kathy Hochul’s $233 billion executive budget and put forward some of their own bold policy items.

The plans — known as “one-house budgets” — include a rejection of Hochul’s changes to the state’s public school funding formula, an increase in taxes on the wealthy and new proposals for building affordable housing and protecting tenants.

See the full article at amNY

State lawmakers counter Hochul’s $233B budget with plans that would raise taxes on wealthy, boost tenant protections

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