Original Source
Hochul Claims Budget Deal, Assembly Speaker Denies Finalization
New York Governor Asserts Budget Agreement
New York Governor Kathy Hochul announced a budget agreement on the morning of May 7th. Governor Hochul stated that protections for undocumented immigrants, changes to the environmental review process to fast-track home building, and car insurance laws aimed at reducing premium costs were among the agreed-upon items. This announcement followed weeks of impasse, and Governor Hochul highlighted cooperation with Assembly Speaker Carl Heastie and Senate Majority Leader Andrea Stewart-Cousins.
Assembly Speaker Contradicts, Says 'No Deal'
However, immediately after Governor Hochul's announcement, Assembly Speaker Carl Heastie told reporters that a budget agreement had not yet been finalized. Heastie stated that he had only told Governor Hochul the previous night that they were 'close' and had not signed off on any major matters. He expressed frustration with the budget negotiation process, declaring he would no longer discuss policy-related matters until the budget's financial picture was clear. Key financial details, such as the pied-à-terre tax on expensive second homes and changes to the Tier 6 pension, remain undetermined.
*Source: Politico (2026-05-07)*
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