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Hochul admin warns AI bubble burst could leave NY’s coffers dry

In a traditional yearly letter in which Gov. Kathy Hochul’s budget chief directs agency heads to craft a balanced budget presentation for the next fiscal year, Washington pointedly warned that Empire State tax receipts could take a hit if 2026’s bull markets give way following rapid investment into artificial intelligence.

Sources (1)· Oct 20, 7:21 PM

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New York Post· Oct 20, 7:21 PMHochul admin warns AI bubble burst could leave NY’s coffers dry

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Hochul leads Blakeman by only 4 points in NY governor's race, GOP internal poll claimsGov. Kathy Hochul's lead over Republican rival Bruce Blakeman in New York’s gubernatorial race has narrowed to just about four points, an internal GOP poll obtained by The Post claims.

New York Post2d agoWhole story →

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Bruce Blakeman rides NYC subway to blast Hochul over public safetyBruce Blakeman blasted Gov. Kathy Hochul as the most "pro-criminal governor" during a New York subway campaign event, vowing to hire more police and conductors for public safety.

Fox News2d agoWhole story →

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Bruce Blakeman hammers Dem Gov Hochul, Mamdani over subway safety during NYC campaign rideBruce Blakeman rode the NYC subway to slam Kathy Hochul as the "most pro-criminal governor," vowing more police and more conductors on trains.

NewsBreak2d agoWhole story →

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Kathy Hochul holding fundraiser at The Dakota - whose residents all have second homes - despite hated pied-a-terre taxHochul and NYC mayor Zohran Mamdani are behind the tax on second homes.

Page Six2d agoWhole story →

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Hochul, federal partners target Medicaid day care fraudGovernor Kathy Hochul launches a joint state-federal effort to investigate and curb fraud, waste, and abuse in New York’s Medicaid Social Adult Day Care program.

Press of Atlantic City2d agoWhole story →

Since

NY Gov. Kathy Hochul pushing to announce chipmaking plant in Utica, NY -- despite AI data center ban: sourcesGov. Kathy Hochul is pushing for a massive new upstate NY computer chip factory that could trigger a major showdown with the feds over the tech giant’s Chinese supply chain.

New York Post2d agoWhole story →

Economy Kathy Hochul

Some may not be a fan of Gov. Kathy Hochul - but her sister is a delightThe Post's Cindy Adams had a memorable dinner with Gov. Kathy Hochul's sister, Sheila.

New York Post2d agoWhole story →

Staten Island centers targeted in Medicaid fraud probe“We’re targeting providers who we believe engaged in illegal activity, ranging from money laundering to kickbacks to improper billing,” Gov. Kathy Hochul said.

Staten Island Advance2d agoWhole story →

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China skeptics raise alarm over Hochul’s plan for upstate NY chip plant: ‘Red flags here with yellow stars’New York Gov. Kathy Hochul's plan to open a computer chip plant outside Utica is raising concerns among federal officials who fear that China could gain greater access to advanced US technology.

New York Post20h agoWhole story →

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N.Y. GOP Bets on Crime Message to Boost BlakemanPolitico reported Wednesday that Republican New York gubernatorial nominee Bruce Blakeman is making public safety a centerpiece of his campaign against Democrat Gov. Kathy Hochul, betting that lingering concerns about crime will resonate with voters.

Newsmax18h agoWhole story →

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'Working People Will Pay a High Price': Report Warns AI Bubble Is 'Primed to Pop'A report released on Wednesday warns that the investment boom in artificial intelligence is a financial bubble that is "primed to pop" and harm working-class Americans if lawmakers don't take concrete steps to shield them from the damage. The report, produced by Open Markets Institute and Americans for Financial Reform Education Fund, warns that Big Tech…

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Ted Cruz urges New Yorkers to ‘shock the country’ and give Hochul the bootSen. Ted Cruz (R-Texas) implored Empire State voters to "shock the country" by backing Republican gubernatorial hopeful Bruce Blakeman and booting out incumbent Gov. Kathy Hochul (D) on Nov. 3.

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Bruce Blakeman pitches Nassau budget with no tax hike, more copsThe GOP gubernatorial candidate taking on incumbent Gov. Kathy Hochul in November, filed the nearly $5 billion budget on Tuesday evening.

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Kathy Hochul Pardons Convicted Felon to Protect Him from DeportationNew York's Democrat Gov. Kathy Hochul intervened in a U.S. Supreme Court case to give an official pardon to a dangerous migrant.

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Federal budget deficit hits $2T in first 11 months of fiscal year 2026, CBO reportsThe federal government's annual budget deficit reached $2 trillion after the first 11 months of fiscal year 2026, the nonpartisan Congressional Budget Office (CBO) reported.

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2026 Governor’s Race: Hochul heads into final stretch with $33M war chest, and Mamdani on deckGov. Kathy Hochul’s re-election campaign and the New York State Democratic Party are heading into the final stretch of election season with more than $33

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