Governor of New York, Gov. Kathy Hochul, and New York State Lawmakers settled on a $229 billion budget plan. The plan will increase direct support to schools, increase wages, keep income tax the same and change a controversial bail.

Governor of New York on a $229 billion state budget

On Thursday, the Governor of New York publicized a conceptual agreement on a $229 billion budget after almost a month of impasse.

The new plan of the Governor of New York reached with the lawmaking leaders. The budget plan will include the increase of minimum wage to $16 an hour in New York City starting in 2024. The payroll taxes on New York’s businesses will be raised to pay for the Metropolitan Transportation Authority’s budget shortages, and the controversial bail reform laws will be revised.

This year’s budget process tried the Governor of New York’s ability to set her priorities while working with an increasingly broadminded arm of the legislature.

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The main points from the Governor of New York’s budget plan

On Thursday, the Governor of New York said that the budget plan process has taken a while, yet our commitment to New York’s future was driving me to persevere.

These are the main points from the budget: Metropolitan Transportation Authority; Taxes; Minimum Wage; and Bail Reform.

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