New York State Lawmakers Fail to Pass Budget on-Time

Hourglass time with sand running through

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Despite lengthy negotiations, lawmakers have come up short in their effort to pass the state budget on-time.

The midnight deadline went by without an agreement on a spending plan for the new fiscal year. There are reportedly several issues that still need to be hammered out before a deal can be completed including possible changes to the state's bail reform laws and a temporary suspension of a state tax on gasoline. Governor Hochul says she's continuing to have conversations with Assembly Speaker Carl Heastie and Senate Majority Leader Andrea Stewart-Cousins and is confident an agreement is close. However, there's no official word yet on when the Legislature will vote on the budget.

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