Tag

Kathy Hochul

All articles tagged with #kathy hochul

politics16 days ago•22 min saved

Blakeman plans to tap $3.8B state reserve for immediate NY tax relief

Republican Bruce Blakeman, Nassau County executive and GOP gubernatorial frontrunner, says he would use New York’s $3.8 billion reserve for economic uncertainties, or the $9.2 billion rainy-day fund if needed, to deliver immediate tax relief—including a 10% tax cut for earners under $250,000 and eliminating state tax on the first $50,000 for single filers and $100,000 for joint filers—while Gov. Hochul’s camp dismisses the plan; Blakeman promises to shut down Hochul’s reserve and return money within 100 days.

via New York Post|

#bruce-blakeman #kathy-hochul #politics

us-politics19 days ago•6 min saved

Hochul seals cost-focused NY budget, pursues Trump showdown

Gov. Kathy Hochul announced a $268 billion New York state budget deal aimed at easing living costs, including a surcharge on luxury NYC homes and protections for undocumented immigrants to constrain President Trump’s deportation push; the agreement follows weeks of budget impasse and still hinges on finalizing education funding and pension costs, as Hochul seeks to demonstrate relief to voters ahead of reelection while facing Democratic-base demands and a potential clash with Washington.

via Politico|

#cost-of-living #donald-trump #kathy-hochul

business28 days ago•510 min saved

New York's Pied-à-Terre Tax Tests the Luxury Market Pulse

Governor Kathy Hochul proposes a $5+ million pied-à-terre tax in NYC (backed by Mayor Mamdani) expected to raise about $500 million a year. While the plan aims to help close a budget gap, luxury brokers warn it could dampen sales, depress property values, and trigger a slowdown among ultra‑wealthy buyers, with some pausing or aiming under the $5 million threshold. Others say demand remains strong and the market will adapt, potentially giving primary residences a slight edge as buyers factor in the tax.

via Curbed|

#brokers #business #kathy-hochul

politics29 days ago•25 min saved

Mamdani's 'Godfather' stunt outside Griffin's penthouse sparks Paterson rebuke

New York City Mayor Zohran Mamdani faced sharp criticism from former Gov. David Paterson for a publicity video outside hedge-fund titan Ken Griffin's Manhattan residence to back Kathy Hochul's pied-à-terre tax; Paterson called the stunt Godfather-like and warned it could be dangerous amid political tensions. Citadel signaled it might drop its $6 billion Midtown development in response, and watchdogs questioned whether the tax would raise the projected $500 million in revenue.

via New York Post|

#citadel #kathy-hochul #ken-griffin

politics1 month ago•1 min saved

Hochul seeks $1,700 tariff refunds for New York families amid federal pushback

New York Gov. Kathy Hochul called on the federal government to issue $1,700 refunds to New York families for tariffs she says cost New Yorkers $13.5 billion, arguing the relief is overdue as a court battle continues. She notes refunds for businesses are being processed by Customs and Border Protection, with funds expected 60–90 days after approval, and warns the Trump administration may delay or shrink refunds.

via WWNY|

#customs-and-border-protection #kathy-hochul #new-york

politics1 month ago•9 min saved

Hochul’s pied-à-terre tax cements a high-stakes NY alliance with Mamdani

New York Gov. Kathy Hochul backs a pied-à-terre tax on NYC luxury residences worth $5 million and up to help Mayor Zohran Mamdani close a roughly $5.4 billion city budget gap, signaling a pragmatic, high-profile alliance between a moderate governor and a far-left mayor. The move strengthens Mamdani’s financial footing and boosts Hochul’s NYC standing, but it risks political blowback from the business community and leaves unresolved debates on broader tax policy and policing.

via Politico|

#budget-gap #kathy-hochul #new-york-city

politics1 month ago•5 min saved

Hochul backs luxury second-home tax to help close NYC budget gap

Gov. Kathy Hochul partially reverses course and endorses a pied-à-terre tax on NYC second homes over $5 million to help close the city’s multibillion-dollar deficit, a move paired with Mayor Mamdani’s push for higher taxes on the ultra-wealthy. The plan, which could affect about 13,000 homes and aim for roughly $500 million annually, faces opposition from real estate groups who warn it could hurt the economy and property values.

via ABC7 New York|

#kathy-hochul #new-york-city-budget-deficit #new-york-state-politics

state-politics2 months ago•11 min saved

Blakeman’s uphill bid: NY GOP trails Hochul despite Zeldin near-win precedent

Bruce Blakeman trails Gov. Kathy Hochul by double digits as fundraising gaps, a late campaign start, and ties to Trump complicate the NY GOP’s bid to replicate Zeldin’s near-win; Democrats have launched a seven-figure ad campaign and seek to deny public matching funds, while Hochul builds a robust campaign infrastructure in a deeply blue state.

via Politico|

#bruce-blakeman #fundraising #kathy-hochul

politics3 months ago•9 min saved

Left embraces Hochul, betting on pragmatism over purity

New York Gov. Kathy Hochul has won endorsements from left leaders Alexandria Ocasio-Cortez and Zohran Mamdani, signaling a pragmatic shift as the Democratic left moves from purity politics to governing power; Hochul’s ability to broker deals—on issues like no-cost child care and tax increases on the wealthy—puts her at the center of the party’s evolution, though tensions with Delgado and progressive critics remain and could test the alliance.

via Politico|

#alexandria-ocasio-cortez #antonio-delgado #democratic-socialists-of-america

politics3 months ago•9 min saved

Brooklyn Democrats' Hochul endorsement stumble signals party fracture

Brooklyn’s Democratic Party briefly withdrew its backing of Gov. Kathy Hochul over internal disputes tied to her lieutenant governor pick, Adrienne Adams, highlighting a long-simmering split between insurgent progressives and mainstream leaders and signaling a waning influence of county party machines in New York City politics.

via Politico|

#adrienne-adams #brooklyn-democratic-party #kathy-hochul

politics3 months ago•5 min saved

AOC joins NY Democrats backing Hochul for reelection

Rep. Alexandria Ocasio-Cortez and all 19 New York Democratic House members will endorse Gov. Kathy Hochul’s reelection, signaling unity behind the moderate incumbent ahead of the state party convention. The lineup includes Rep. Tom Suozzi and comes as Hochul faces a June primary challenge from Lt. Gov. Antonio Delgado. Letitia James’s endorsement for Hochul via the Working Families Party strengthens her bid, as Democrats hope to retake the House in 2026.

via Politico|

#2026-elections #alexandria-ocasio-cortez #endorsements

politics3 months ago•5 min saved

DSA Rift Emerges as Mamdani Endorses Hochul for NY Governor

NYC Mayor Zohran Mamdani endorsed Gov. Kathy Hochul for reelection, drawing measured backlash from fellow Democratic Socialists in the state Legislature who say the move clashes with DSA priorities; Brisport publicly criticized it, Gallagher adjusted her stance after initial remarks, and others stayed neutral as Delgado remains a competing option, underscoring intraparty tensions between ideology and coalition-building.

via City & State New York|

#2026-new-york-gubernatorial-election #albany-agenda #dsa

politics3 months ago•5 min saved

Progressive NYC Mayor Endorses Hochul, Calling Their Alliance a Model for Democrats

New York Gov. Kathy Hochul gains a high-profile endorsement from NYC Mayor Zohran Mamdani, who calls their cross‑wing collaboration a model for Democrats and touts universal childcare as a major achievement. The backing could energize Hochul’s re‑election bid, help blunt Lt. Gov. Antonio Delgado’s challenge from the left, and complicate Republican opposition tied to Mamdani’s socialist positions in a general election.

via The New York Times|

#democratic-party #kathy-hochul #new-york

politics3 months ago•6 min saved

New York moves toward medical aid in dying with strengthened safeguards

New York lawmakers passed amendments to the Medical Aid in Dying Act, setting up a pathway for terminally ill patients with less than six months to live to request life-ending medication. Gov. Kathy Hochul is expected to sign the amended bill, which adds safeguards such as residency requirements, a video or audio request, a five-day waiting period, two-doctor evaluations, and mental health screening, and imposes rules on witnesses with financial interests. A six-month implementation period for the Health Department to draft regulations accompanies the bill, potentially making New York the 14th state to legalize aid in dying.

via Politico|

#euthanasia #health-policy #kathy-hochul

politics3 months ago•5 min saved

Hochul taps Adrienne Adams as running mate, forging NY’s first all-female major-party ticket

Gov. Kathy Hochul named former NYC Council Speaker Adrienne Adams as her running mate, creating the first all-female statewide ticket for a major party in New York history; Adams, a Southeast Queens Democrat and former council speaker, brings a moderate-to-progressive record and will campaign with Hochul on the Democratic slate for both the primary and general elections, with their first appearance set in Syracuse ahead of the state convention as Delgado selected India Walton.

via City & State New York|

#adrienne-adams #kathy-hochul #new-york-state-politics