Becausenew York StateGovernment and State ParliamentBudgetNegotiations remain deadlocked, with New York State expected to be unable to reach an agreement before the Monday, April 1, budget deadline for the new fiscal year; GovernorHuo Chu(Kathy Hochul) signed a three-day temporary spending bill that will maintain state spending from April 1 to April 3 (Wednesday), and was passed by the state Assembly on the 28th. But based on last year’s experience, a short-term spending bill doesn’t mean a budget deal is close.

Hochu said in a statement that she has been in talks with state Senate Majority Leader Andrea Stewart-Cousins ​​and state House Speaker Carl Heastie for weeks, but still have not reached an agreement. “While I believe a final agreement is close, I acknowledge that many people want to spend the Easter holidays with their families first.” Although some state legislators have said a budget agreement is close to being reached, they also expect a smaller compromise to be reached. Fixed expenditure measures will be required.

This is the third consecutive year that a budget for the new fiscal year could not be agreed upon before the deadline, necessitating the passage of temporary spending measures. Last year, Hochu’s short-term spending was extended from April 3 to April 10, but no agreement was reached on April 10. Subsequently, the state legislature passed five consecutive short-term spending measures, and no budget was finally reached by early May, which was short of the deadline. The date is one month late.

Although negotiations on the 2022 budget did not take place on time, they were relatively swift. The government reached an agreement a week after the deadline, using short-term spending measures.

In addition to passing the short-term expenditure bill, the state Parliament also passed the credit expansion bill in the budget on the 28th to protect the state capital from credit downgrade.

Previous reports have shown that there are still many differences between the state capital and the state legislature, including cuts to education funding and federal Medicaid spending. The most difficult negotiating aspect is the housing plan of the state capital. In the budget, Huo Chu proposed establishing a tax incentive policy to replace 421-A to encourage developers to build more affordable housing. However, at present, it is more difficult to coordinate the demands of developers, labor unions, tenants, be it real estate.

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