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Hochul's Tax Concerns, Climate Law Delay: NY Budget Update

Hochul's Tax Concerns, Climate Law Delay: NY Budget Update

New York City News Today | 2 Min News | The Daily News Now! · The Daily News Now!

March 12, 20261m 27s

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Show Notes

Governor Kathy Hochul expresses concerns about New Yorks proposed higher taxes on the ultra-rich, fearing it may drive them to lower-tax states. She suggests wealthy residents who support tax hikes should help lure back those whove already left. Progressive groups view her comments as a potential shift towards voters preferences, while her Republican opponent criticizes the plan. Hochul also advocates for delaying deadlines in the states climate law due to unattainable emission goals and seeks fairer budget shares for upstate and suburban areas.

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