12th NY Budget Extender Expected Today Thu May 14 as 11th Expires — Hochul $268B Framework Still Unsettled on Pied-à-Terre Tax, Climate Law Rollback, Auto-Insurance Reform; Heastie "Premature" Critique Holds

11th budget extender (S10262/A11295, Program Bill #36) expires today; a 12th extender vote expected to keep state government funded into next week. Hochul announced a "general agreement" on the $268B FY27 budget May 7 but Speaker Heastie called it "very premature," saying ~50 items remain unresolved including the pied-à-terre tax (which Mamdani is already counting on for $500M/year in his FY27 budget), 2019 climate-law rollback, auto-insurance reform, and school aid. Day 43+ of overdue state budget; reverbs into LIRR talks, MTA capital plan, and NYC budget assumptions.

• keptPied-à-terre tax on $5M+ second homes
• brokenCorporate tax hike ($1.75B/year)
• brokenDouble DCWP budget to $135M
• brokenIncrease Human Rights Commission funding to $21M

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