New York Lawmakers Pass $237 Billion Budget With Policies to Jump-Start Housing Market

Published on April 22, 2024

ALBANY, N.Y.—New York lawmakers passed a $237 billion state budget Saturday that includes plans to spur housing construction and combat unlicensed marijuana stores. The package also includes a raft of other measures such as expediting the closure of some state prisons, addressing a recent influx of migrants and continuing the pandemic-era policy of allowing people to buy takeout cocktails. The state Senate and Assembly finished working through several budget bills Saturday after hours of debate. The spending plan now moves to Gov. Kathy Hochul to be signed into law, which she is expected to do. The negotiations, which were conducted in private between the governor and top legislative leaders, largely hinged on a sweeping proposal to jump-start the state’s housing market....