
Gov. Kathy Hochul and state lawmakers reached a handshake agreement on a $268 billion New York state budget, more than five weeks after the April 1 deadline.
• The budget includes expanded child care funding and a new tax on multimillion-dollar second homes in New York City expected to raise $500 million annually.
• The deal also includes new measures aimed at limiting federal immigration enforcement, including banning ICE agents from wearing masks and restricting searches without a judge-signed warrant.
• Other proposals in the budget include weakening parts of the state’s climate goals and placing a cap on auto insurance payouts.