New York's Big Spend Plan: No New Taxes, More for Kids

New York Governor Kathy Hochul has unveiled a $260 billion budget plan. It's a big deal because it doesn't raise any new taxes. Instead, it puts more money into child care and schools. The state is doing this because Wall Street is making a lot of money right now. The plan includes $1. 2 billion more for daycare vouchers. It also adds $500 million for pre-kindergarten programs. There's even money for new soccer fields and a state park in Rochester. But not everyone is happy. Some people think the state is spending too much. Others want to see higher taxes on the rich.Hochul says her budget is responsible. She points to strong Wall Street returns as the reason for the extra spending. But there are concerns about the future. The state is expecting a big budget deficit in a few years. Some experts say it's time to save some of this extra money for when times are tougher. There's also a big question about federal funding. The state is asking for a waiver to keep providing health care to noncitizen immigrants. But there's no guarantee that will happen. Meanwhile, President Donald Trump has threatened to withhold funding from sanctuary cities like New York.