Today, Gov. Hochul laid out a state budget proposal that would: - Provide state money to help NYC resettle migrants - Extend higher taxes on corporations - Increase a payroll tax to help bolster the city’s public transit system
that could, in certain circumstances, allow the state to approve developments over local objections.
In her budget plan, Hochul proposed a fix that would see the state put up $1 billion in funding for resettlement costs. That includes reimbursement for a share of shelter and relief centers, health care costs and continuing to provide National Guard members for assistance. For future years, Hochul wants to provide the MTA with a chunk of revenue from casinos that are expected to be awarded licenses soon in the New York City area. That includes a share of the $1.5 billion in licensing fees, as well as at least $462 million in annual tax revenue, according to her budget briefing book.Extending the corporate tax
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