New York fails to reach budget deal in time
New York State finds itself in a position it has not faced in recent years: a kind of fiscal vacuum.
Legislative leaders failed to reach agreement on a New York State budget for 2022-23. to submit to lawmakers to meet a midnight deadline. Lawmakers left Albany overnight with issues such as bail reform, crime and the lingering pandemic response still unresolved.
Blair Horner of the New York Public Interest Research Group told Spectrum News that the current budget process, Gov. Kathy Hochul’s first in the executive mansion, is the most secret he has seen in his long career as a political watchdog.
In addition to planned changes to the 2019 bail reform that some say fueled a rise in crime, Hochul’s $216 billion proposal more recently included state taxpayer money to pay the construction of a new stadium for the Buffalo Bills. There is also an initiative to at least temporarily remove the state gasoline tax to combat soaring fuel prices. This tax brings in $2 billion to the state’s bottom line.
New York can operate on an emergency budget as the deadline for passing a final ledger is pushed back.
Lawmakers are gone for at least the weekend and the Easter holidays are looming.
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