The New York Legislature convened on January 8, 2025, to address pressing issues affecting residents, particularly the high cost of living. Lawmakers emphasized the ongoing challenges posed by inflation, which has significantly impacted the affordability of everyday items for families across the state.

During the session, members of the assembly majority highlighted their efforts over the past four years to alleviate financial burdens on middle-class families. Initiatives included securing tax relief, making childcare more affordable, and funding essential social services to ensure families can access food and basic necessities. The assembly also noted the full funding of Foundation Aid, aimed at reducing local property taxes while providing schools with necessary resources.

Higher education was another focal point, with lawmakers discussing investments in the City University of New York (CUNY) and State University of New York (SUNY) systems. They reported freezing tuition for state residents and increasing eligibility for the Tuition Assistance Program (TAP), making college more accessible for both full-time and part-time students.

In response to the pandemic's impact on housing, the assembly outlined measures taken to provide rental relief and maintain a moratorium on evictions and foreclosures. They also discussed funding for affordable housing and tax incentives to encourage construction, alongside tenant protections for renters.

Additionally, lawmakers addressed the need for economic support for working-class families, including raising the minimum wage and providing assistance for down payments and closing costs for homebuyers. They expressed concern over the elimination of the state and local tax (SALT) deduction by federal Republicans, which they argued has adversely affected many families in New York. The assembly called for renewed efforts to work with federal partners to repeal the SALT cap.

In conclusion, the meeting underscored the assembly's commitment to addressing the financial challenges faced by New Yorkers through various legislative measures and ongoing advocacy for federal support.