iFraud Deep Dive
Welcome to iFraud Deep Dive, an official podcast series of the iFraud Foundation — where we tackle the toughest issues facing the property and casualty industry in the fight against fraud.
Each episode features in-depth conversations breaking down complex issues into easily consumable information that we can all understand. We explore the fraud landscape, expose emerging threats, and highlight actionable solutions. From staged accidents and collusive networks to litigation abuse and regulatory gaps, we go beyond the headlines to bring you the insights that matter.
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iFraud Deep Dive
S2 E27 Who Runs NYS? Hochul's Budget Scrapped
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On this episode of the Deep Dive we discuss the NYS Senate's "One-House Budget Resolution". Every year in Albany, the most consequential policy battle in New York isn’t fought on the campaign trail — it happens inside the state budget. When the Governor releases the Executive Budget, it sets the agenda for how hundreds of billions of taxpayer dollars could be spent. But under the New York Constitution, the Legislature has the authority to reshape that plan. The result is a comprehensive response that completely striped the Governor’s proposals, restores funding for programs the Legislature believes were cut too deeply, and introduces its own priorities on issues like housing, healthcare, education, and environmental policy. Coincidentally, all very closely in-line with proposals by NYC Mayor Mandami, and supported by the Trial Lawyers.
Important to note, that this isn’t the final budget, It is the opening move in Albany’s annual fiscal chess match. Over the coming weeks, the Senate, the Assembly, and the Governor will negotiate line by line to determine what ultimately becomes law. But this is a clear demonstration of the power of the Trial Lawyers lobby and their impact on NY State Government. Which should be concerning to all New Yorkers.
Let's Dive In.