Hochul Says She Won’t Raise NY Income Taxes in Next Budget

New York Gov. Kathy Hochul said Friday she’s “not raising income taxes” in next year’s budget, as she faces questions about the state’s plan to fill funding shortfalls at the Metropolitan Transportation Authority after she paused a congestion pricing plan earlier this year.

“I don’t think it’s a good strategy for economic development to find more reasons for businesses to leave the state of New York,” or for high net-worth people to leave, the Democratic governor said in an address to the Business Council of New York State. “Maybe they didn’t hear that for a long time with Occupy Wall ...