The Brief
- As budget negotiations intensify, New York Governor Kathy Hochul is standing firm against a key piece of New York City Mayor Zohran Mamdani’s fiscal plan.
- Hochul has repeatedly said she opposes raising taxes on millionaires, leaving her at odds with Mamdani as state lawmakers prepare to release their one-house budget proposals next week.
- A finalized state budget is due April 1.
NEW YORK – As budget negotiations intensify, New York Governor Kathy Hochul is standing firm against a key piece of New York City Mayor Zohran Mamdani’s fiscal plan.
What we know:
Hochul said she is not frustrated with the mayor but instead believes she can negotiate a final budget agreement. Mamdani has publicly pressured her to support a tax increase on New York City residents earning at least $1 million a year and has warned he will raise city property taxes if the state does not act.…