New York Democrats Dispute Agreement on Hochul’s Budget Plan

May 8, 2026, 7:45 PM UTC

New York Democrats are at an impasse over the weeks-delayed state budget, despite Hochul’s announcement this week of a $268 billion deal that will include a tax on second homes in New York City.

The roadblock has exposed frustrations with the arcane system of budget-making at the state Capitol in Albany, where top legislative leaders expressed irritation Thursday after Hochul unilaterally announced a “general agreement” on the state’s fiscal roadmap, which she has used to push weakening the state’s climate law to avoid energy cost hikes for residents.

In New York, governors hold an outsize amount of power in crafting ...

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