Hochul bailed out by nearly $3B in extra NY tax revenue — but massive deficits loom
NeutralU.S News

Governor Kathy Hochul has reported a significant increase in New York's tax revenue, exceeding projections by nearly $3 billion in the first half of the fiscal year. This unexpected financial boost raises questions about the state's fiscal management, especially as looming deficits remain a concern. Understanding how this surplus will be utilized is crucial for New Yorkers, as it could impact future budgets and public services.
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