{"id":137380,"date":"2026-02-18T14:35:10","date_gmt":"2026-02-18T14:35:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/137380\/"},"modified":"2026-02-18T14:35:10","modified_gmt":"2026-02-18T14:35:10","slug":"hochul-gives-mamdani-new-york-city-bailout","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/137380\/","title":{"rendered":"Hochul Gives Mamdani, New York City Bailout"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/us-ny\/wp-content\/uploads\/2026\/02\/55025841701_af45c525c2_k-678x381.jpg\" alt=\"\" title=\"55025841701_af45c525c2_k\"\/><br \/>\n(File Photo: Don Pollard\/Office of Governor Kathy Hochul) Governor Kathy Hochul (center) with NYC Mayor Zohran Mamdani (left) at a January press conference.<\/p>\n<p>\t<a class=\"mh-facebook\" href=\"#\" onclick=\"window.open('https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Flilifepolitics.com%2Fnews%2Fpolitics%2Fhochul-gives-mamdani-new-york-city-bailout%2F&amp;t=Hochul+Gives+Mamdani%2C+New+York+City+Bailout', 'facebookShare', 'width=626,height=436'); return false;\" title=\"Share on Facebook\"><\/p>\n<p>\t<\/a><br \/>\n\t<a class=\"mh-twitter\" href=\"#\" onclick=\"window.open('https:\/\/twitter.com\/share?text=Hochul+Gives+Mamdani%2C+New+York+City+Bailout:&amp;url=https%3A%2F%2Flilifepolitics.com%2Fnews%2Fpolitics%2Fhochul-gives-mamdani-new-york-city-bailout%2F', 'twitterShare', 'width=626,height=436'); return false;\" title=\"Tweet This Post\"><\/p>\n<p>\t<\/a><br \/>\n\t<a class=\"mh-linkedin\" href=\"#\" onclick=\"window.open('https:\/\/www.linkedin.com\/shareArticle?mini=true&amp;url=https%3A%2F%2Flilifepolitics.com%2Fnews%2Fpolitics%2Fhochul-gives-mamdani-new-york-city-bailout%2F&amp;source=\" return=\"\" false=\"\" title=\"Share on LinkedIn\"><\/p>\n<p>\t<\/a><br \/>\n\t<a class=\"mh-pinterest\" href=\"#\" onclick=\"window.open('https:\/\/pinterest.com\/pin\/create\/button\/?url=https%3A%2F%2Flilifepolitics.com%2Fnews%2Fpolitics%2Fhochul-gives-mamdani-new-york-city-bailout%2F&amp;media=https:\/\/lilifepolitics.com\/wp-content\/uploads\/2026\/01\/55025841701_af45c525c2_k.jpg&amp;description=Hochul+Gives+Mamdani%2C+New+York+City+Bailout', 'pinterestShare', 'width=750,height=350'); return false;\" title=\"Pin This Post\"><\/p>\n<p>\t<\/a><br \/>\n\t<a class=\"mh-email\" href=\"https:\/\/lilifepolitics.com\/news\/politics\/hochul-gives-mamdani-new-york-city-bailout\/mailto:?subject=Hochul%20Gives%20Mamdani%2C%20New%20York%20City%20Bailout&amp;body=https%3A%2F%2Flilifepolitics.com%2Fnews%2Fpolitics%2Fhochul-gives-mamdani-new-york-city-bailout%2F\" title=\"Send this article to a friend\" target=\"_blank\" rel=\"nofollow noopener\"><\/p>\n<p>\t<\/a><br \/>\n\t<a class=\"mh-print\" href=\"https:\/\/lilifepolitics.com\/news\/politics\/hochul-gives-mamdani-new-york-city-bailout\/javascript:window.print()\" title=\"Print this article\" rel=\"nofollow noopener\" target=\"_blank\"><\/p>\n<p>\t<\/a><br \/>\n    <a class=\"mh-whatsapp\" href=\"#\" onclick=\"window.open('https:\/\/api.whatsapp.com\/send?phone={phone_number}&amp;text=Hochul+Gives+Mamdani%2C+New+York+City+Bailout:&amp;url=https%3A%2F%2Flilifepolitics.com%2Fnews%2Fpolitics%2Fhochul-gives-mamdani-new-york-city-bailout%2F', 'whatsappShare', 'width=626,height=436'); return false;\" title=\"Share on Whatsapp\"><\/p>\n<p>    <\/a><br \/>\n\t<a class=\"mh-mastodon\" href=\"#\" onclick=\"window.open('https:\/\/mastodonshare.com\/share?text=Hochul+Gives+Mamdani%2C+New+York+City+Bailout:&amp;url=https%3A%2F%2Flilifepolitics.com%2Fnews%2Fpolitics%2Fhochul-gives-mamdani-new-york-city-bailout%2F', 'mustodonShare', 'width=626,height=436'); return false;\" title=\"Share On Mastodon\"><\/p>\n<p>\t\t\t<img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/us-ny\/wp-content\/uploads\/2025\/10\/1760496787_34_mostadon-logo.png\" height=\"25px\" width=\"20px\"\/><\/p>\n<p>\t<\/a><\/p>\n<p>Blakeman: Money Could Have Been Used for Tax Relief<\/p>\n<p>By Hank Russell<\/p>\n<p>Governor Kathy Hochul was slammed by her Republican rival for bailing out New York City, saying the money could have been used for tax relief.<\/p>\n<p>Hochul and New York City Mayor Zohran Mamdani recently announced that the state will allocate an additional $1.5 billion in operating expenses over two years to help address the city\u2019s fiscal challenges.\u00a0<\/p>\n<p>This additional funding includes $510 million in recurring funding targeted towards costs that had shifted from the state to New York City under prior administrations, including about $300 million for youth programming, a restoration of $150 million in sales tax receipts that would have otherwise been retained by the state, and $60 million for public health. The remaining $500 million will be targeted to shared priorities to be determined in subsequent discussions.<\/p>\n<p>\u201cA strong New York City means a stronger New York State. This investment protects services and puts the city on stable financial footing,\u201d Hochul said. \u201cNew Yorkers expect the state and the city to work together, and I\u2019m proud to partner with the Mayor to deliver for working families.\u201d<\/p>\n<p>\u201cWorking New Yorkers did not create this budget crisis and they should not be the ones to pay for it,\u201d Mamdani added. \u201cAfter years of staggering fiscal mismanagement under the previous administration, our city deserves responsible and collaborative leadership. I am heartened by this budgetary progress and Governor Hochul\u2019s partnership at this critical moment. This is what it looks like to begin a new, productive, and fair relationship between City Hall and Albany \u2013 focused on delivering for working New Yorkers.\u201d<\/p>\n<p>In recent weeks, the Mayor reduced New York City\u2019s budget gap to $7 billion by deploying in-year reserves, committing to an agency savings plan, and incorporating higher-than-expected revenues, according to the governor\u2019s office.<\/p>\n<p>But Nassau County Executive Bruce Blakeman, who is running against Hochul, said the money should have been used to provide tax relief for state residents. \u201cKathy Hochul is happily handing billions to New York City while suburban and upstate taxpayers struggle to pay their bills,\u201d said Blakeman. \u201cIf Albany truly has a $1.5 billion surplus \u2014 or if the Governor simply has that much money just laying around \u2014 that money should be used to cut school taxes for hard-working New Yorkers, not parked in a bailout that rewards fiscal mismanagement.\u201d<\/p>\n<p>Blakeman pointed to other recent state commitments that benefit New York City disproportionately, including rising state support for childcare and voucher programs that cost nearly $1.8 billion statewide annually, with the lion\u2019s share being spent in the Big Apple.<\/p>\n<p>Blakeman also highlighted the ongoing costs associated with New York City\u2019s role as a so-called \u201csanctuary city.\u201d According to <a href=\"https:\/\/nypost.com\/2026\/02\/17\/us-news\/mamdani-wants-another-1-2b-for-migrants-in-nyc-under-proposed-budget\/\" rel=\"nofollow noopener\" target=\"_blank\">The New York Post<\/a>, the city has already spent $10 billion on illegal immigrants, and Mamdani said he plans to spend another $1.2 billion.<\/p>\n<p>\u201cWhy should someone on Long Island, the Hudson Valley, or Western New York be asked to pay for policies and programs that don\u2019t benefit their communities?\u201d asked Blakeman. \u201cThe people of this state deserve a Governor who prioritizes tax relief, common-sense fiscal management, and fairness for all New Yorkers \u2014 not just another bailout for Albany\u2019s big city allies.\u201d<\/p>\n<p>\t<a class=\"mh-facebook\" href=\"#\" onclick=\"window.open('https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Flilifepolitics.com%2Fnews%2Fpolitics%2Fhochul-gives-mamdani-new-york-city-bailout%2F&amp;t=Hochul+Gives+Mamdani%2C+New+York+City+Bailout', 'facebookShare', 'width=626,height=436'); 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return false;\" title=\"Share on Whatsapp\"><\/p>\n<p>    <\/a><br \/>\n\t<a class=\"mh-mastodon\" href=\"#\" onclick=\"window.open('https:\/\/mastodonshare.com\/share?text=Hochul+Gives+Mamdani%2C+New+York+City+Bailout:&amp;url=https%3A%2F%2Flilifepolitics.com%2Fnews%2Fpolitics%2Fhochul-gives-mamdani-new-york-city-bailout%2F', 'mustodonShare', 'width=626,height=436'); return false;\" title=\"Share On Mastodon\"><\/p>\n<p>\t\t\t<img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/us-ny\/wp-content\/uploads\/2025\/10\/1760496787_34_mostadon-logo.png\" height=\"25px\" width=\"20px\"\/><\/p>\n<p>\t<\/a><\/p>\n<p>\t<script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"(File Photo: Don Pollard\/Office of Governor Kathy Hochul) Governor Kathy Hochul (center) with NYC Mayor Zohran Mamdani (left)&hellip;\n","protected":false},"author":2,"featured_media":137381,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[9,24,55,54,56],"class_list":{"0":"post-137380","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-york-city","8":"tag-new-york","9":"tag-new-york-city","10":"tag-new-york-city-headlines","11":"tag-new-york-city-news","12":"tag-ny"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/137380","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=137380"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/137380\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/137381"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=137380"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=137380"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=137380"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}