It allows the state to spend a staggering $254 billion in the coming year.
That's more than it costs to run Florida and Texas combined, even though New York has 33 million fewer people to serve.
Gov. Kathy Hochul and the state's two legislative leaders announced a budget deal Monday night on how much to tax New Yorkers and how much the state government will spend in the coming fiscal year, which starts June 1.
From the smattering of information available, it's likely this deal will necessitate additional tax hikes months from now that could trigger an economic death spiral for the state and its largest city.
Gov. Kathy Hochul and the state's two legislative leaders announced a budget deal Monday night on how much to tax New Yorkers and how much the state government will spend in the coming fiscal year, which starts June 1.
From the smattering of information available, it's likely this deal will necessitate additional tax hikes months from now that could trigger an economic death spiral for the state and its largest city.
- Here's the kicker.
- This is a backroom deal, done in secrecy.
- No press allowed, and none of the other 211 members of the legislature were permitted in the room...
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