{"id":40429,"date":"2026-05-13T13:03:07","date_gmt":"2026-05-13T13:03:07","guid":{"rendered":"https:\/\/www.vosa.tv\/eng\/?p=40429"},"modified":"2026-05-13T13:03:07","modified_gmt":"2026-05-13T13:03:07","slug":"governor-hochul-and-mayor-mamdani-announce-additional-aid-and-state-actions-to-stabilize-new-york-citys-budget","status":"publish","type":"post","link":"https:\/\/www.vosa.tv\/eng\/archives\/40429","title":{"rendered":"Governor Hochul and Mayor Mamdani announce additional aid and state actions to stabilize New York City\u2019s budget"},"content":{"rendered":"<p><strong>NEWYORK: Governor Kathy Hochul and Mayor Zohran Kwame Mamdani announced new state support and actions to help New York City close its budget deficit ahead of the release of Mayor Mamdani\u2019s Fiscal Year 2027 Executive Budget.<\/strong><\/p>\n<p>Governor Hochul, in partnership with the state legislature, has secured an\u00a0additional\u00a0$4 billion in gap-closing support, bringing the total new state\u00a0assistance\u00a0to\u00a0nearly $8 billion\u00a0over two years.<\/p>\n<p>With this latest agreement, the Mamdani Administration will officially close the more than $12 billion deficit it inherited from the\u00a0previous\u00a0administration, stabilizing the City\u2019s finances while advancing investments that make New York more affordable for working people.<\/p>\n<p>These new investments build on the $1.5 billion in\u00a0assistance\u00a0announced in the Governor\u2019s 30-day amendments in February and funding for universal childcare.\u201d<\/p>\n<p>\u201cFrom day one, I have been committed to ensuring New York City succeeds, because a strong and stable City means an even stronger New York State,\u201d<strong>\u00a0<\/strong>Governor Hochul\u00a0said.<\/p>\n<p>\u201cToday, we are fulfilling the promise to make free universal\u00a0child care\u00a0a reality, making significant investments in education, public safety, and infrastructure while providing the city the resources they need to continue to fund critical services for New Yorkers. This is what a results-driven, responsible partnership looks like and\u00a0I\u2019m\u00a0proud to work with Mayor Mamdani to deliver for working New Yorkers.\u201d<\/p>\n<p>\u201cFor years, the relationship between City Hall and Albany has been defined by dysfunction and infighting,\u201d\u00a0Mayor Mamdani<strong>\u00a0<\/strong>said.<\/p>\n<p>\u201cGovernor Hochul and I, however, share a belief that government works best when we work together on behalf of the people we serve. We have partnered through every step of this process to protect the fiscal health of our city. I am thankful for her collaboration and deep commitment to securing a future for our city that working people can afford.\u201d<\/p>\n<p>This budget agreement reflects a renewed partnership between City Hall and Albany rooted in a shared commitment to protect public goods and deliver the resources that keep libraries open, schools funded and streets safe and clean.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEWYORK: Governor Kathy Hochul and Mayor Zohran Kwame Mamdani announced new state support and actions to help New York City close its budget deficit ahead of the release of Mayor Mamdani\u2019s Fiscal Year 2027 Executive Budget. Governor Hochul, in partnership with the state legislature, has secured an\u00a0additional\u00a0$4 billion in gap-closing support, bringing the total new [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":40430,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1469,31,1378],"tags":[],"class_list":["post-40429","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-new-york","category-news","category-us"],"_links":{"self":[{"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/posts\/40429","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/comments?post=40429"}],"version-history":[{"count":1,"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/posts\/40429\/revisions"}],"predecessor-version":[{"id":40431,"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/posts\/40429\/revisions\/40431"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/media\/40430"}],"wp:attachment":[{"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/media?parent=40429"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/categories?post=40429"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/tags?post=40429"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}