As the city's fiscal year comes to a close, a brewing budget battle is brewing between New York City and the state of New York. With a potential $10 billion budget gap looming, Mayor Eric Adams and Governor Kathy Hochul are locked in a high-stakes standoff over how to fund the city's essential services. At the heart of the dispute is a contentious proposal to increase taxes on the wealthy, which Hochul has already signed off on, but Adams has yet to commit to. As the city's financial future hangs in the balance, residents are left wondering what the outcome will mean for their pocketbooks and the services they rely on.
NYC's budget battle heats up with Albany CBS News
