{"id":796,"date":"2026-05-30T09:11:24","date_gmt":"2026-05-30T09:11:24","guid":{"rendered":"https:\/\/metrotransitreview.com\/?p=796"},"modified":"2026-05-30T09:11:24","modified_gmt":"2026-05-30T09:11:24","slug":"hochuls-budget-victory-leaves-new-york-trapped-in-a-downward-spiral","status":"publish","type":"post","link":"https:\/\/metrotransitreview.com\/?p=796","title":{"rendered":"Hochul’s budget ‘victory’ leaves New York trapped in a downward spiral"},"content":{"rendered":"
\n

Gov. Kathy Hochul set modest goals \u2014 some OK, some bad \u2014 for her budget this year, and eventually achieved most of them, but the bottom line leaves New York still solidly on track for continued decline.<\/p>\n

Read more How double-dealing Oman threatens Trump\u2019s Mideast peace<\/a><\/p>\n

That is: She didn\u2019t even try to alter a course she herself has said harms all of us. <\/p>\n

Without question, her monster $268.5 billion tax-and-spend deal with the Legislature on balance will make life in New York worse<\/em>.<\/p>\n

Rather than ease the state\u2019s nation-leading tax burden or narrow its $27 billion cash shortfall<\/em> through 2030, the deal recklessly ratchets up spending another $14.5 billion, or 5.4%.<\/p>\n

And while everyone assumed Hochul would break her no-new-taxes vow after <\/em>the November election, she couldn\u2019t wait: The deal adds a steep surcharge on New York City pieds-\u00e0-terre assessed at as little as $1 million, among other new taxes.<\/p>\n

Hochul also leaves taxpayers on the hook for caving in to unions by erasing reforms meant to rein in pension costs for public employees hired after 2012 (Tier 6 workers).<\/p>\n

These employees will now get a break on what they must contribute to their pension plans and more credit for overtime. Plus, teachers will get to retire at 58 rather than 63.<\/p>\n

Hochul\u2019s bailout of New York City (which is far wealthier than the rest of the state) may set a record for irresponsibility.<\/p>\n

It delivers billions to Gotham, some thanks to her pied-\u00e0-terre surcharge, rather than force Mayor Zohran Mamdani to keep his spending in line with revenue.<\/p>\n

Worse, it lets the city defer required pension-fund payments, letting Mamdani spend more now at the price of adding billions to the city\u2019s bills long after this gov and mayor are out of office.<\/p>\n

Read more How many must die before NYC gets real on policing e-bikes?<\/a><\/p>\n

Hochul bought Hizzoner\u2019s support for her reelection bid at the cost of future taxpayers.<\/p>\n

The deal is also a gift to people in America illegally, including those who have committed violent crimes; they get extra protection from federal immigration officials.<\/p>\n

Yes, the gov won modest reforms to curb auto-insurance premiums, including measures to cap some outrageous payouts and fraudulent claims.<\/p>\n

But in perspective, it\u2019s small-ball: The Citizen\u2019s Budget Commission put the consumer savings at about 10%, meaning average New Yorkers will pay \u201conly\u201d $1,100 more than average US drivers, instead of $1,500 more.<\/p>\n

\n<\/div>\n

Ditto for softening the state\u2019s disastrous climate mandates, which Hochul admits are unaffordable. <\/p>\n

She won essentially no help to New Yorkers: Rather than cut greenhouse-gas emissions 40% by 2030, the state will now have to cut them 60% by 2040.<\/p>\n

That won\u2019t ease <\/em>rising costs much, if at all, and any relief will vanish a few years later anyway.<\/p>\n

Hochul may have won a few crumbs for average New Yorkers, but she\u2019s letting them continue to suffer under the boot of special-interest avarice and progressive insanity.<\/p>\n

Read more White House releases doctor\u2019s memo from Trump\u2019s visit to Walter Reed: \u2018Remains in excellent health\u2019<\/a><\/p>\n

Such is her<\/em> idea of \u201caffordability.\u201d<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Hochul may have won a few crumbs for average New Yorkers, but she\u2019s letting them continue to suffer under the boot of special-interest avarice and progressive insanity.<\/p>\n","protected":false},"author":1,"featured_media":795,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-796","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opinion"],"yoast_head":"\nHochul's budget 'victory' leaves New York trapped in a downward spiral - Metro Transit Review<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/metrotransitreview.com\/?p=796\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hochul's budget 'victory' leaves New York trapped in a downward spiral - 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