Page 4 - Patrick Orecki News Today

Democratic lawmakers want to increase taxes on wealthy New Yorkers, but budget watchdogs warn of the effect.

Hochul and the legislature are far apart on proposals to tax the rich and make changes to bail reform, setting up an intense week as the budget deadline looms.

Changes to the state's bail reform laws and increasing taxes on the wealthy are two budget issues supported by New Yorkers, but they are dividing Governor Hochul and the legislature.

The Legislature rejected Hochul's proposed cost shift to counties.

Patrick Orecki, director of state studies for CBCNY, says the state needs to consider the long-term.

New York state faces billions of dollars in additional costs over the next two years if fewer people than expected leave its public insurance rolls once it resumes screening residents

Hochul says the state has a $8.7 billion dollar surplus, but fiscal watchdogs, as well as Republicans in the State Legislature, say that won’t last.

Gov. Kathy Hochul’s proposed $227 billion spending plan is 2.4% larger than last year’s budget. But she says she knows that the good times won't last.

Hochul says the state has a $8.7 billion dollar surplus, but fiscal watchdogs, as well as Republicans in the State Legislature, say that won’t last.

Gov. Kathy Hochul’s proposed $227 billion spending plan is 2.4% larger than last year’s budget. But she says she knows that the good times won't last.