LIVE NOW: NY Gov. Kathy Hochul unveils budget proposal for 2023
All eyes will be on Albany Wednesday as New York Governor Kathy Hochul releases her proposed budget plan for the coming fiscal year.MTA leaders will among those be watching closely. They hope the proposal will establish a new revenue stream to fill a pending fiscal hole.
It the MTA gets enough money from the state, it could stave off the need for a fare hike on the buses and subways.The city will also be watching to see if it will be getting state money for housing asylum seekers, which Mayor Adams estimates could end up costing $2 billion., Hochul said she would call for adding billions of dollars in aid for K-12 school districts and increase staffing incentives for health care workers.
She also promised to create tax credits for farmers to help pay overtime wages and increase spending on mental health programs to boost inpatient bed capacity.RELATED |
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