New York’s long-delayed $269B budget finally passes legislature
New York's long-delayed $269 billion budget has finally passed the legislature, two months after its due date. The spending plan includes a pied-à-terre tax on luxury second homes in New York City and rolls back cost state climate goals. The final budget also includes a no tax on tips plan and extends mayoral control of Big Apple schools for two years.
- ▪The budget includes a pied-à-terre tax on luxury second homes in New York City.
- ▪The spending plan rolls back cost state climate goals.
- ▪The final budget extends mayoral control of Big Apple schools for two years.
Opening excerpt (first ~120 words) tap to expand
Metro New York’s long-delayed $269B budget finally passes legislature By Vaughn Golden and Matt Troutman Published May 28, 2026, 12:31 p.m. ET See more of our coverage in your search results. Add The New York Post on Google New York lawmakers finally greenlit a massive $269 billion state budget late Wednesday – two months after its due date. The spending plan includes a pied-à-terre tax on luxury second homes in New York City, rolls back cost state climate goals, adds 50-foot buffer zone around houses of worship for protests and extends mayoral control of Big Apple schools for two years. The final budget also includes a “no tax on tips” plan. The budget includes no tax on tips. Michael Brochstein/ZUMA Press Wire / SplashNews.com Gov.
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