NY Leaders Reach $237B Budget Deal with Theft Crackdown, NYC Schools Extension
• Agreement reached on $237B NY state budget between Gov. Hochul and legislative leaders • Includes measures to crack down on retail theft and illegal cannabis shops, and support NYC housing production • Strengthens penalties for assaulting retail workers, a provision Hochul pushed for • Secures 2-year extension of NYC mayoral control over schools, less than the 4 years Mayor Adams sought • Avoids tax increases on high earners despite calls from legislature to raise taxes on millionaires