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{"id":44694,"date":"2023-02-03T11:14:19","date_gmt":"2023-02-03T05:44:19","guid":{"rendered":"https:\/\/newjerseylocalnews.com\/?p=44694"},"modified":"2023-02-03T11:14:19","modified_gmt":"2023-02-03T05:44:19","slug":"kathy-hochul-has-proposed-spending-13-5-billion-on-bailouts-rail-expansion-and-migrant-healthcare","status":"publish","type":"post","link":"https:\/\/newjerseylocalnews.com\/kathy-hochul-has-proposed-spending-13-5-billion-on-bailouts-rail-expansion-and-migrant-healthcare\/","title":{"rendered":"Kathy Hochul Has Proposed Spending $13.5 Billion on Bailouts, Rail Expansion, and Migrant Healthcare."},"content":{"rendered":"

There was a recent budget briefing for Governor Hochul. There will be a large bailout, rail line, and migrant bill, she said, but the taxpayers will help cover it.<\/p>\n

Executive Budget for Fiscal Year 2023\u20132024.<\/p>\n

There was a $1 billion price tag attached to New York’s migrant crisis. Costs associated with welcoming new citizens during the summer of 2022 were approved for $7.89 million in funding by the Federal Reserve.<\/p>\n

Read more<\/strong>:\u00a0Initiating an Energy Security Strategy, as Requested by Aes Ohio, Would Increase Monthly Costs<\/a><\/p>\n

With the recent influx of 43,200 new migrants, 28,200 people are currently being housed in 86 emergency shelters and processing centres across the state.<\/p>\n

Bailout funding for the Metropolitan Transportation Authority (MTA) is estimated at $1.6 billion. Investments in new and expanded rail lines will cost another $11.5 billion<\/strong>. In total, the plan would cost the state $227 billion<\/strong>.<\/p>\n

Read more<\/strong>:\u00a0New Jersey Prosecutors Say They Found a Map in the Home of a Firebombing Suspect Who Lived in Their State.<\/a><\/p>\n

Even though the state has some extra cash on hand, it won’t be enough to cover this budget.<\/p>\n

How will the MTA’s bailout and expansion funds be obtained?<\/h2>\n
    \n
  • MTA salary increases for all New York City businesses and workers will bring in an additional $800 million annually.<\/li>\n
  • Adding another half a billion dollars from the city government is a great idea. Through the MTA’s Access-a-Ride service, we can offer reduced fares to people with disabilities and students.<\/li>\n
  • The anticipated revenue of $1.5 billion from the sale of three new casino licences is a major motivator.<\/li>\n<\/ul>\n

    Criticism<\/h2>\n

    It has been argued that expecting the federal government to pay for one-third of the proposed budget is unrealistic. They anticipate that the state and its citizens will pay most of the cost, which will lead to increased tax rates.<\/p>\n","protected":false},"excerpt":{"rendered":"

    There was a recent budget briefing for Governor Hochul. There will be a large bailout, rail line, and migrant bill, she said, but the taxpayers will help cover it. Executive Budget for Fiscal Year 2023\u20132024. There was a $1 billion price tag attached to New York’s migrant crisis. Costs associated with welcoming new citizens during […]<\/p>\n","protected":false},"author":34,"featured_media":44700,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[32],"tags":[950,952,184,483,44,371,951,417],"class_list":{"0":"post-44694","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news","8":"tag-kathy-hochul","9":"tag-migrant-healthcare","10":"tag-new-jersey","11":"tag-new-york","12":"tag-news","13":"tag-newsbreak","14":"tag-rail-expansion","15":"tag-united-state-of-america"},"_links":{"self":[{"href":"https:\/\/newjerseylocalnews.com\/wp-json\/wp\/v2\/posts\/44694","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newjerseylocalnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newjerseylocalnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newjerseylocalnews.com\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/newjerseylocalnews.com\/wp-json\/wp\/v2\/comments?post=44694"}],"version-history":[{"count":0,"href":"https:\/\/newjerseylocalnews.com\/wp-json\/wp\/v2\/posts\/44694\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newjerseylocalnews.com\/wp-json\/wp\/v2\/media\/44700"}],"wp:attachment":[{"href":"https:\/\/newjerseylocalnews.com\/wp-json\/wp\/v2\/media?parent=44694"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newjerseylocalnews.com\/wp-json\/wp\/v2\/categories?post=44694"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newjerseylocalnews.com\/wp-json\/wp\/v2\/tags?post=44694"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}