Gov. Kathy Hochul, who is up for re-election this year, has her eye on the LIRR contract negotations. The governor pointed out the MTA's plan to run shuttle buses during a strike wouldn't come close to handling the 270,000 riders the LIRR carries every weekday.

Bloomberg's Laura Nahmias joins Caroline Hyde and Emily Graffeo on "Bloomberg Real Yield." New York officials are trying to give shape to the pied-à-terre tax proposed by Governor Kathy Hochul, with significant questions about how the levy would work still unresolved amid broader Democratic discord over the state budget. (Source: Bloomberg)