ALBANY- Governor Kathy Hochul announced on Monday that she and the legislative leaders from the State Senate and Assembly reached what she calls a “conceptual budget agreement” on the annual spending plan that is now more than two weeks late. The plan is expected to total around $237 billion.
Some of the highlights of the plan include funding and tax incentives to address the state’s lack of housing, cracking down on retail theft and illicit Cannabis storefronts, and increased funding for mental health services.
“I promised to fight the right fights for New Yorkers, deliver common sense solutions, and tackle the thorny issues that others might ignore, and that’s exactly what we’ve done,” said Hochul. “We’re delivering on a common-sense agenda: fighting crime, fixing our mental health system, and building more housing so people can finally afford to live in New York.”
With a conceptual agreement in place, the legislative houses are expected to pass bills that will enact these priorities in the coming days. A temporary funding bill, set to expire Thursday, is serving as a stop-gap to fund government operations until the final plan is approved.
