Comptroller Levine emphasized that the Adams Administration’s FY26 spending levels, which exceed revenue, and failure to properly budget for known, re-occurring expenses, have led to unusually high budget deficit projections for FY26 and FY27.
Gov. Hochul will propose to amend the State Environmental Quality Review Act (SEQRA) to exempt certain types of housing projects that have no significant impacts on the environment…
“Governor Kathy Hochul’s 2026 State of the State address brought a refreshing dose of clarity, urgency, and opportunity to New York’s real estate landscape..."
Wage growth is outpacing home price gains, which improves housing affordability. Still, future affordability could be hampered if housing supply fails to keep pace with demand.
The IDA has requested the State Inspector General remove the monitor due to his “unlawful” veto that it asserts was made under political pressure from New York State Senator James Skoufis.
The Maybrook award will allow for the development of the Switchyard Terminal for Economic and Advanced Manufacturing (STEAM) Rail & Business Park at the long-vacant Maybrook Rail Yard.
In terms of anticipated rate cuts by the Federal Reserve, Yun expects the Fed to cut rates later today (Dec. 10) and will initiate two further rate cuts in 2026.
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