New York State lawmakers’ proposed budget called for higher taxes on the ultrawealthy, parking permits for city residents and retention of the state’s bail laws.
Gov. Kathy Hochul is expected to deliver a State of the State speech on Tuesday that will address some of the issues that played well for her opponent in the November election.
Though Mr. Bankman-Fried was not required to pay $250 million, the large amount of the bond in this high-profile case has raised questions about the federal bail process.
The New York City mayor focuses relentlessly on crime, and critics say he lent legitimacy to Republicans who played up the issue in their midterms campaigns.