Budget
New York City
NYC’s budget outlook gets Moody
We’ve just got a preliminary budget plan to work with so far, but the credit rating company isn’t liking what they’re seeing.
Budget
Mark Levine has questions about Zohran Mamdani’s math
At a preliminary budget hearing Wednesday, the comptroller will outline his two-year budget gap estimate of at least $7.3 billion, and explain why he’s skeptical about the mayor’s revenue projections.
Policy
State legislators gear up for budget fight with one-house proposals
Both the state Senate and Assembly included tax hikes on the wealthy in their budget rebuttals, while rejecting the governor’s marquee pitch for car insurance reform.
Budget
Council: Mamdani doesn’t need to tap rainy day reserve to close FY26 budget gap
The New York City Council’s preliminary budget hearings will start Wednesday.
Opinion
Opinion: Restore AIM funding in this year’s state budget
In 2010, the state cut New York City off from hundreds of millions of dollars in Aid and Incentives to Municipalities funding, which was never restored.
Heard Around Town
Dean Fuleihan is feeling good about closing the city’s budget gap with state help
New York City’s first deputy mayor conceded this has all been confusing.
Budget
Hochul and Mamdani are all smiles, despite disagreement on taxes
The girls are NOT fighting.
News & Politics
Majority of New Yorkers want to tax the rich in NYC
An even larger majority of New York City residents want to raise income taxes on millionaires in the city, according to a new Siena poll.
Opinion
Opinion: New York promised to invest in youth. It’s time to deliver.
The Youth Justice Innovation Fund would take $50 million of unspent Raise the Age funds and make them available to trusted community-based organizations.
Policy
Lawmakers want independent medical examiner’s office to investigate prison deaths
It’s unclear how much it would cost to create the new entity within the state Commission of Correction.
Policy
Clergy oppose Hochul’s car insurance reforms
Over a dozen clergy members signed onto a letter urging legislative leaders to reject the governor’s proposals they say would harm members of their parishes.
Policy
Ex-cops and business leaders oppose Hochul’s 75% tax on nicotine pouches
The pushback comes as state lawmakers consider what proposals to include in the state Senate and Assembly’s one-house budgets.
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Energy & Environment
Climate law mandates could cost New Yorkers $4,000 in higher energy bills, state analysis shows
The New York State Energy and Development Authority sent a memo to Gov. Kathy Hochul warning about the costs of complying with the state’s Climate Leadership and Community Protection Act.
Opinion
Opinion: How career pathways in health care help all generations of New Yorkers
SkillSpring helps connect young people to careers that allow them to stay in New York and build dignified lives while strengthening the workforce that cares for our aging population.
Policy
Thousands, but few electeds, descend on state Capitol to pressure Hochul to tax the rich
Over 1,500 people marched in Albany, calling on state leaders to raise income taxes on the wealthiest New Yorkers and corporations.
Policy
Hochul budget director hints at rolling back state’s climate law
Blake Washington, the governor’s top budget adviser, called the current energy transition benchmarks “own goals” as they place financial burdens on New Yorkers
Policy
Hochul’s 30-day budget amendments mum on Essential Plan debate
State leaders are still waiting on a decision from the Trump administration that could end health coverage for 470,000 legal noncitizens.
Heard Around Town
Shhh, listen. Did Mamdani say perCENT? Or percentage POINT?
The difference is important for understanding his tax plan – and for selling it.
New York State
SUNY, CUNY seek more state aid beyond proposed increases
The city and state’s public universities want a combined $3B this year for capital projects.
Policy
Mamdani to Hochul: Raise taxes or else…
… New York City will raise its own property taxes while also raiding budget reserves.
