State Provides $8 Billion in Aid to Help NYC Close Budget Gap as Mamdani-Hochul Partnership Deepens

Governor Hochul and Mayor Mamdani announced an additional $4 billion in state support, bringing total new state assistance to nearly $8 billion over two years. The partnership includes funding for universal childcare, education investments, and infrastructure while avoiding the dysfunction that previously characterized city-state relations.

• 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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• Rockaway Residents Rally at City Hall Over Trauma Center FundingThe Wave · June 12, 2026