"Governor Hochul Secures Landmark $237B Budget Deal Addressing Housing Crisis"

Governor Hochul announced a conceptual agreement on key priorities in the Fiscal Year 2025 New York State Budget, including addressing the housing crisis, cracking down on retail theft and illicit cannabis storefronts, fighting hate crimes, improving public safety, making record investments in mental health and healthcare, supporting students, advancing a consumer protection and affordability agenda, establishing an artificial intelligence computing center, providing funding support to mass transit systems, advancing infrastructure programs, and making record environmental investments. The total budget for FY 2025 is estimated at $237 billion, without raising income or statewide business taxes and maintaining state reserves at 15 percent.