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Hochul’s budget ‘victory’ leaves New York trapped in a downward spiral

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Gov. Kathy Hochul set modest goals — some OK, some bad — for her budget this year, and eventually achieved most of them, but the bottom line leaves New York still solidly on track for continued decline.

That is: She didn’t even try to alter a course she herself has said harms all of us.

Without question, her monster $268.5 billion tax-and-spend deal with the Legislature on balance will make life in New York worse.

Rather than ease the state’s nation-leading tax burden or narrow its $27 billion cash shortfall through 2030, the deal recklessly ratchets up spending another $14.5 billion, or 5.4%.

And while everyone assumed Hochul would break her no-new-taxes vow after the November election, she couldn’t wait: The deal adds a steep surcharge on New York City pieds-à-terre assessed at as little as $1 million, among other new........

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