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Budget Deal Wins Housing Boost | New York City News
Description
City budget drama is officially over with a $125 billion deal that delivers a major win: $300 million extra for housing vouchers, helping up to 30,000 New Yorkers currently outside CityFHEPS. The mayor’s legal appeal against the Council is dropped, ending a months-long standoff over expanding rental aid. After campaign promises and early resistance, the mayor now backs the move — thanks to creative funding from Wall Street, state aid, luxury home taxes, and savings — closing the gap without tax hikes. Plus, more cash for Fair Fares and NYC Kids RISE, proving big wins are possible when politics and pragmatism align.
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