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New York Faces a $10 Billion Budget Crisis: Hochul Orders Spending Cuts Amid Election Pressure

October 13, 2025

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New York is battling a $10 billion budget deficit as Governor Kathy Hochul orders spending cuts, braces for shrinking federal aid,

New York State is confronting a massive budget deficit exceeding $10 billion, a financial challenge underscored by Governor Kathy Hochul’s…