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Author Topic: Hochul pledges another $4B for NYC bailout  (Read 85 times)

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Offline Free Vulcan

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Hochul pledges another $4B for NYC bailout
« on: May 14, 2026, 10:29:50 am »


New York Gov. Kathy Hochul announced Tuesday that the state will be pumping another $4 billion into New York City to help it plug budget gaps, bringing the pledges of state aid to $8 billion over two years.

“From day one, I have been committed to ensuring New York City succeeds, because a strong and stable City means an even stronger New York State, Hochul said in a statement. "Today, we are fulfilling the promise to make free universal childcare a reality, making significant investments in education, public safety and infrastructure while providing the city the resources they need to continue to fund critical services for New Yorkers.

"This is what a results-driven, responsible partnership looks like and I’m proud to work with Mayor Mamdani to deliver for working New Yorkers," she added.

https://www.thecentersquare.com/new_york/article_0bf1fed0-8545-4fe3-b77f-42ed80d7bdf6.html
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Offline DefiantMassRINO

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Re: Hochul pledges another $4B for NYC bailout
« Reply #1 on: May 14, 2026, 10:44:06 am »
That's less state money for Syracuse, Rochester, Utica, and Buffalo.

Great idea, Wicked Dumb Witch of Albany - maybe subsidizing failure will work this time.
« Last Edit: May 14, 2026, 10:45:31 am by DefiantMassRINO »
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Online Smokin Joe

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Re: Hochul pledges another $4B for NYC bailout
« Reply #2 on: May 14, 2026, 10:44:14 am »
Where is that money coming from? Will New York (State) be whinging at the Federal Government to take some of our (non-New York) tax money to make up the shortfall, or will they drive even more rich people and businesses out of the State with new, 'improved', tax laws to raise revenue?
Money is fungible. It has to come from somewhere.
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Offline IsailedawayfromFR

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Re: Hochul pledges another $4B for NYC bailout
« Reply #3 on: May 14, 2026, 10:48:36 am »
Subsidizing both the failure of NYC and ensuring the rest of New York is punished by pushing the Green New Deal and shyrocketing power costs.

She is really bad for that state.
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Offline Free Vulcan

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Re: Hochul pledges another $4B for NYC bailout
« Reply #4 on: May 14, 2026, 11:05:07 am »
To paraphrase Richard Jordan's character Director Jeffery Pelt in the Hunt for Red October to the Soviet ambassador - 'You gave them ANOTHER four billion dollars?'
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