Albany Budget Negotiations in Full Swing
The Brian Lehrer Show
WNYC
4.6 • 1.5K Ratings
🗓️ 13 March 2026
⏱️ 35 minutes
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| 0:00.0 | Brian there on WNYC. |
| 0:13.0 | So the New York State Budget debate got even more interesting this week when both leaders of the legislature came out in favor of Mayor Mumdani's tax hike proposals |
| 0:23.3 | for the wealthiest corporations and individuals. Have you heard that yet? But Governor Hockel remains |
| 0:28.9 | opposed. So we'll hear the arguments and the politics now from our Albany reporter Jimmy Veilkind, |
| 0:35.2 | and we'll also ask, is it okay for a judge to call the defendant an animal |
| 0:40.5 | that's a question in Albany now too hey Jimmy how you doing good Brian so the big headline |
| 0:47.6 | here is that the legislature is taking Mamgani side on raising taxes the mayor's proposed |
| 0:53.7 | raising income taxes on those making a million |
| 0:56.8 | or more a year by two percentage points and raising the top corporate tax rate from seven and a quarter |
| 1:04.9 | percent to 11 and a half. How close are the Assembly and Senate proposals to Mayor Ma'am Dhani's? |
| 1:12.8 | Well, the Assembly and Senate came in a little lower than what Mamdani had been seeking. |
| 1:18.0 | He wants to raise taxes for New Yorkers reporting a million dollars or more. And the State |
| 1:23.4 | Senate Assembly came in setting that bottom threshold at $5 million. I think that they've also |
| 1:29.4 | put forward a corporate tax increase that's a little less than what the mayor was hoping for. |
| 1:33.8 | But the sum total effect is the same. Mamdani is grappling with a $5.4 billion deficit in the city budget. |
| 1:42.7 | He's asking state lawmakers to step up to help him fill |
| 1:46.2 | that gap. He wants to raise taxes on the rich and on corporations to fill that gap. And by and large, |
| 1:53.7 | the Senate and Assembly have backed up that position. So state Senate majority leader, |
| 2:00.3 | Andrea Stewart Cousins, and Assembly Speaker Carl Hasty, |
| 2:04.5 | are who we're talking about. |
| 2:05.9 | They've both been vocal about the need for new revenue. |
| 2:09.0 | Here is Speaker Hasty framing the legislature's priorities like this. |
... |
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