View in EDS HTML Full Text

City and state budgets are on a collision course: No one knows exactly where they will meet.

Saved in:
Bibliographic Details
Title: City and state budgets are on a collision course: No one knows exactly where they will meet.
Authors: Grieve, Jack (AUTHOR)
Source: Crain's New York Business. 5/11/2026, Vol. 42 Issue 18, p1-1. 1p.
Subjects: Budget, Hochul, Kathy, 1958-, Fiscal policy, U.S. state budgets, Parliamentary practice, Public spending, Public finance, Subsidies, Budget deficits
Geographic Terms: New York (State), New York (N.Y.)
Abstract: The article focuses on the ongoing budget negotiations between New York Governor Kathy Hochul, the state Legislature, and New York City officials, including Mayor Zohran Mamdani. Despite Hochul’s announcement of a $268 billion state budget plan and claims of a "conceptual agreement," key lawmakers and Mamdani assert that no final deal has been reached. The state Legislature approved a 10th budget extension, delaying the deadline to May 11, while the city postponed its budget presentation to May 12 amid uncertainty over additional state funding to address New York City’s $5.4 billion deficit. The proposed state budget includes increased aid to the city, new taxes such as a pied-à-terre levy, and measures on childcare, car insurance, environmental regulations, and immigration enforcement, but some city priorities, like changes to the pass-through-entity tax and higher income taxes on the wealthy, remain unresolved. [Extracted from the article]
Copyright of Crain's New York Business is the property of Crain Communications Inc. (MI) and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
Database: Regional Business News
Full text is not displayed to guests.
FullText Text:
  Availability: 1
Header DbId: bwh
DbLabel: Regional Business News
An: 193766681
AccessLevel: 6
PubType: Periodical
PubTypeId: serialPeriodical
PreciseRelevancyScore: 0
IllustrationInfo
Items – Name: Title
  Label: Title
  Group: Ti
  Data: City and state budgets are on a collision course: No one knows exactly where they will meet.
– Name: Author
  Label: Authors
  Group: Au
  Data: <searchLink fieldCode="AR" term="%22Grieve%2C+Jack%22">Grieve, Jack</searchLink> (AUTHOR)
– Name: TitleSource
  Label: Source
  Group: Src
  Data: <searchLink fieldCode="JN" term="%22Crain's+New+York+Business%22">Crain's New York Business</searchLink>. 5/11/2026, Vol. 42 Issue 18, p1-1. 1p.
– Name: Subject
  Label: Subjects
  Group: Su
  Data: <searchLink fieldCode="DE" term="%22Budget%22">Budget</searchLink><br /><searchLink fieldCode="DE" term="%22Hochul%2C+Kathy%2C+1958-%22">Hochul, Kathy, 1958-</searchLink><br /><searchLink fieldCode="DE" term="%22Fiscal+policy%22">Fiscal policy</searchLink><br /><searchLink fieldCode="DE" term="%22U%2ES%2E+state+budgets%22">U.S. state budgets</searchLink><br /><searchLink fieldCode="DE" term="%22Parliamentary+practice%22">Parliamentary practice</searchLink><br /><searchLink fieldCode="DE" term="%22Public+spending%22">Public spending</searchLink><br /><searchLink fieldCode="DE" term="%22Public+finance%22">Public finance</searchLink><br /><searchLink fieldCode="DE" term="%22Subsidies%22">Subsidies</searchLink><br /><searchLink fieldCode="DE" term="%22Budget+deficits%22">Budget deficits</searchLink>
– Name: SubjectGeographic
  Label: Geographic Terms
  Group: Su
  Data: <searchLink fieldCode="DE" term="%22New+York+%28State%29%22">New York (State)</searchLink><br /><searchLink fieldCode="DE" term="%22New+York+%28N%2EY%2E%29%22">New York (N.Y.)</searchLink>
– Name: Abstract
  Label: Abstract
  Group: Ab
  Data: The article focuses on the ongoing budget negotiations between New York Governor Kathy Hochul, the state Legislature, and New York City officials, including Mayor Zohran Mamdani. Despite Hochul’s announcement of a $268 billion state budget plan and claims of a "conceptual agreement," key lawmakers and Mamdani assert that no final deal has been reached. The state Legislature approved a 10th budget extension, delaying the deadline to May 11, while the city postponed its budget presentation to May 12 amid uncertainty over additional state funding to address New York City’s $5.4 billion deficit. The proposed state budget includes increased aid to the city, new taxes such as a pied-à-terre levy, and measures on childcare, car insurance, environmental regulations, and immigration enforcement, but some city priorities, like changes to the pass-through-entity tax and higher income taxes on the wealthy, remain unresolved. [Extracted from the article]
– Name: AbstractSuppliedCopyright
  Label:
  Group: Ab
  Data: <i>Copyright of Crain's New York Business is the property of Crain Communications Inc. (MI) and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract.</i> (Copyright applies to all Abstracts.)
PLink https://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=bwh&AN=193766681
RecordInfo BibRecord:
  BibEntity:
    Languages:
      – Code: eng
        Text: English
    PhysicalDescription:
      Pagination:
        PageCount: 1
        StartPage: 1
    Subjects:
      – SubjectFull: Budget
        Type: general
      – SubjectFull: Hochul, Kathy, 1958-
        Type: general
      – SubjectFull: Fiscal policy
        Type: general
      – SubjectFull: U.S. state budgets
        Type: general
      – SubjectFull: Parliamentary practice
        Type: general
      – SubjectFull: Public spending
        Type: general
      – SubjectFull: Public finance
        Type: general
      – SubjectFull: Subsidies
        Type: general
      – SubjectFull: Budget deficits
        Type: general
      – SubjectFull: New York (State)
        Type: general
      – SubjectFull: New York (N.Y.)
        Type: general
    Titles:
      – TitleFull: City and state budgets are on a collision course: No one knows exactly where they will meet.
        Type: main
  BibRelationships:
    HasContributorRelationships:
      – PersonEntity:
          Name:
            NameFull: Grieve, Jack
    IsPartOfRelationships:
      – BibEntity:
          Dates:
            – D: 11
              M: 05
              Text: 5/11/2026
              Type: published
              Y: 2026
          Identifiers:
            – Type: issn-print
              Value: 8756789X
          Numbering:
            – Type: volume
              Value: 42
            – Type: issue
              Value: 18
          Titles:
            – TitleFull: Crain's New York Business
              Type: main
ResultId 1