Gov. Hochul sends $1.5B in state funding to help stabilize NYC finances
The investment package will provide $300 million for youth programming, $150 million for restored sales tax revenue and $60 million for public health.
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Gov. Kathy Hochul announced plans to increase state support for New York City by $1.5 billion on Monday.
Hochul and Mayor Zohran Mamdani say the massive investment package will help stabilize New York City’s finances over the next two years.
It will provide $300 million for youth programming, $150 million for restored sales tax revenue and $60 million for public health.
