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NY Budget Soars to $262.7B, Boosts City Aid

2/20/2026

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Story summary
  • New York Governor Kathy Hochul's state budget proposal increases by about $3 billion, bringing the total to $262.7 billion.
  • The budget allocates $1.5 billion to bail out New York City, despite Mayor Zohran Mamdani's concerns about new resident taxes.
  • It designates $150 million to aid financially struggling upstate cities.
  • It reduces funding for autonomous vehicle pilot programs outside New York City.