Economy

Mobile Users: Click Here to Watch the Video (WNY News Now) Without raising income taxes, Governor Kathy Hochul's $252 billion Fiscal Year 2026 Executive Budget prioritized housing solutions, middle-class tax cuts, and historic investments in public safety. Governor Kathy Hochul of New York announced her Fiscal Year 2026 Executive Budget, a $252 billion plan designed to alleviate financial strains, solve the housing crisis, and improve public safety. A $5 billion affordability program that includes the biggest middle-class tax cut in 70 years, saving 8.3 million New Yorkers money, is one of the agenda's main components. A $3 billion one-time inflation rebate is also included in the budget, with $300 cheques going to individuals and $500 to families. The child tax credit will be expanded b...

(WNY News Now) In order to address New York's persistent housing issue, Governor Kathy Hochul has outlined a number of ambitious plans aimed at lowering the cost of homes for both homeowners and renters. Hochul's 2025 State of the State address included a number of ground-breaking proposals, such as a $100 million investment to support housing infrastructure, measures to stop rent-price fixing through algorithms, and the establishment of New York's first-ever revolving loan fund to encourage the development of mixed-income housing outside of New York City. In her 2025 State of the State address yesterday, Governor Kathy Hochul unveiled a daring plan to lower the cost of house ownership and rental. By investing $100 million to support important housing infrastructure projects, establishin...

(WNY News Now) Yesterday, Governor Kathy Hochul revealed a wide range of programs aimed at making New York the most cost-effective and ideal place to start and raise a family. The governor highlighted a number of new initiatives in her 2025 State of the State Address that are intended to increase assistance for pregnant moms, new babies, and families with small children. As part of her 2025 State of the State address, Governor Kathy Hochul yesterday unveiled new plans to make New York the greatest and most economical place to start a family. These efforts include increasing coverage of infertility for individuals seeking to become parents, offering substantial financial assistance to parents both during pregnancy and during childbirth, expanding the Special Supplemental Nutrition Program...

Governor Kathy Hochul visits Queens Center to present a major proposal for the 2025 State of the State Address, which focuses on enhanced subway safety and the first-ever state-wide inflation refund in New York history (WNY News Now). Building on her pledge to put money in New Yorkers' pockets, Governor Kathy Hochul strolled with shoppers at Queens Center in Elmhurst to discuss her initial plan for the 2025 State of the State's affordability agenda, which includes the first-ever state-wide inflation refund. Governor Hochul also talked about her ongoing attempts to increase the number of National Guard personnel in order to make the subway system safer for passengers. We appreciate your presence at the world's most varied location. Not only in Queens or New York, but right here at Queens Ce...

(WNY News Now) Governor Kathy Hochul has announced a number of economic development contracts that will support almost 1,800 jobs around the state, including significant projects in Western and Northern New York, and infuse over $940 million in capital investments.Governor Kathy Hochul has announced 20 companies would receive economic development awards that will support 1,774 jobs and generate over $940 million in capital projects. The New York Power Authority (NYPA) Board of Trustees authorized the grants, which include cash awards to companies in Western New York and the North Country, statewide ReCharge NY power allocations, and a hydropower allocation to Wells Enterprises in Chautauqua County, Western New York.By luring businesses to New York and encouraging job creation, economic d...

(WNY News Now) – Governor Kathy Hochul announced yesterday that New York State has been designated the location for the nation’s first National Semiconductor Technology Center (NSTC) facility at the NY CREATES’ Albany NanoTech Complex.Governor Kathy Hochul celebrated the designation of NY CREATES’ Albany NanoTech Complex as the location of the CHIPS for America EUV Accelerator, an NSTC facility. This announcement marks an anticipated significant investment in EUV research and development under the Biden-Harris Administration’s CHIPS and Science Act. This prestigious designation unlocks $825 million in federal funding and makes New York State the first state in the nation to land one of three NSTC facilities.Like Majority Leader Schumer, I am speechless about what today means. I truly am. B...