News & Analysis as of

New York Mayors State Budgets

Cozen O'Connor

New York Note: Hochul Raises $11M, Court Orders Housing Voucher Expansion, FY26 NYC Budget

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Hochul Raises $11 Million in First Half of 2025 for Reelection and Party Support - Governor Kathy Hochul raised $4 million for her 2026 reelection campaign and another $7 million for the state Democratic Party between...more

Cozen O'Connor

Broad Street Brief: FY26 Budget Negotiations Entering HOME Stretch

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FY26 Budget Negotiations Entering HOME Stretch - Thursday marks the final opportunity for the City Council to advance bills—including those tied to Mayor Cherelle Parker’s $6.7 billion proposed budget and Housing...more

Cozen O'Connor

New York Note: Council Sues Adams, Stefanik Governor Run, Pre-K Funding, Client Spotlight

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NYC Council Sues Over ICE Office at Rikers Island - The New York City Council has filed a lawsuit against Mayor Adams over the opening of a U.S. Immigration and Customs Enforcement (ICE) outpost on Rikers Island. The...more

Cozen O'Connor

New York Note: Adams Case Dismissed, Adams Announces Independent Run, Council Releases Budget Response

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A federal judge dismissed the corruption case against NYC Mayor Eric Adams with prejudice, meaning that the charges can not be refiled in the future. Echoing sentiments from several prominent Democrats in the city, Judge Dale...more

Cozen O'Connor

New York Note – Council Preliminary Budget, Council Union Deal, Nonprofit Advisory Council

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Last Monday, the New York City Council released its response to the Mayor’s FY25 Preliminary Budget. The response identifies $6.15B in newly available funds, citing higher-than-expected tax revenue from both the current and...more

Cozen O'Connor

New York Note – One-House Budgets, NYS Human Rights

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Last Tuesday, the New York State Assembly and Senate released their one-house budgets, outlining their priorities for the Fiscal Year 2025 (FY25) budget. Both houses proposed raising taxes for high individual earners and the...more

Cozen O'Connor

New York Note – State and City Budgets, Council Committees, Mayoral Vetoes

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Governor Hochul Releases FY25 Executive Budget- On Tuesday, Governor Hochul unveiled her FY25 Executive Budget. She proposed a balanced $233B budget, which does not propose any increases in individual or corporate taxes but...more

Cozen O'Connor

New York Note – Deputy Mayor, Legislative Session, 2023 LGBTQ+ Power Players

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Mayor Adams has appointed Ana Almanzar as Deputy Mayor for Strategic Initiatives. In her new role, Almanzar will be overseeing the commissioners and executive directors of CUNY, the Department of Youth and Community...more

Cozen O'Connor

New York Note – Asylum Seekers, State Budget, Rent Guidelines Board

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Mayor Adams Plan to Shelter Asylum Seekers Outside NYC Last Friday, Mayor Eric Adams announced a plan to provide asylum seekers and option to shelter in surrounding New York counties, outside of New York City. In response to...more

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