Hochul's Record-Breaking Budget Allocates Billions for NYC's Migrant Crisis
TL;DR Summary
Gov. Kathy Hochul unveiled a record-breaking $233 billion budget for 2025, allocating an additional $500 million to New York City's funding for the migrant crisis, bringing the total state investment to $2.4 billion. This comes as Mayor Eric Adams is set to unveil the city's budget, which is expected to include financial cuts to accommodate the influx of asylum-seekers. The budget also includes funds for retail theft prevention, flood resiliency, combating hate crimes, and campaign financing, with no tax increases and a focus on maintaining reserves for economic downturns.
- NYC to get $2.4B for migrant crisis in Hochul's record-breaking state budget New York Post
- Gov. Hochul comes to NYC's rescue with budget proposal money for asylum seeker crisis CBS New York
- New York Plans to Spend Billions More on Migrant Crisis The Wall Street Journal
- Hochul to unveil $233B budget, including additional $1.9B for NYC's migrant crisis New York Post
- Hochul's budget includes cutting aid for some NYS school districts Newsday
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