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Gianaris: chances of passing state budget "very slim" next week as 12th extender expires Monday

May 18, 2026NY State of Politics | Spectrum | Bond Buyer | NY Focus Verified
Read the full story at NY State of Politics | Spectrum | Bond Buyer | NY Focus
Summary

Deputy Senate Majority Leader Mike Gianaris said Friday that the chances of finishing the state budget by end of next week are "very slim," with the 12th extender (passed May 14) expiring Monday May 18. Speaker Heastie escalated: "We signed off on nothing major" and "I'm never doing this again. Budgets are supposed to be about money, not policy." Day 47+ since the April 1 deadline — latest budget in 16 years, 5th-straight late under Hochul. Mamdani's pied-à-terre tax ($500M/yr in FY27 city budget) still contingent on Albany ratification.

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