New York State Finalizes $237 Billion Budget Amidst Housing Reform and Crime Crackdown

New York State has approved a $237 billion budget that includes significant funding for migrant housing, housing development, and measures to combat retail theft and illegal cannabis operations. The plan also introduces stricter penalties for retail theft and assaults on public workers, as well as the creation of new hate crimes. Governor Kathy Hochul has praised the budget, highlighting its emphasis on housing policy and investments in healthcare and education. Affordable housing tax breaks, a ‘Good Cause Eviction’ provision, and a mayoral control extension for New York City schools are included despite criticism from tenant advocates and the real estate industry.

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