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.
Median sales prices of single-family homes throughout the Bronx and lower Hudson Valley all saw gains, with Sullivan County at an 18.3% hike from last year’s $299,998 to $335,000.
Regionally, on a year-to-date basis, new home sales were up 12.9% in the South, but were down 32% in the Northeast, 18.3% in the Midwest and 6% in the West.
Gov. Hochul stated that “congestion pricing is legal” in a statement responding to Duffy’s letter, and said the MTA would continue to collect the tolls.
Proceeds from monies raised through ticket sales, sponsorships, and voting fundraising will be distributed by HGRF to charities and non-profits in the region.
Realtors will also be advocating for broader housing solutions such as expanded workforce and affordable housing, zoning reforms, and incentives to accelerate commercial-to-residential conversions.
Westchester County consistently leads the market with the highest median sale prices, peaking at $1,031,500 in June 2024 before settling at $860,000 in March 2025.
In his new role, Irace will focus on cultivating strategic partnerships, recruiting new investment to the region, and promoting development opportunities.
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