Senate Leader Says Tax Cap, Rent Legislation 'On Track'
Thursday, June 23, 2011
Republican Senate majority leader Dean Skelos said a package of legislation that includes statewide property tax cap and city rent control legislation remains on track.
Following a closed door session with Governor Andrew Cuomo, Skelos said the technical language is still being completed, but he expects the bills to pass Thursday.
City rent control is due to expire, and would affect about a 1 million apartments. The Republicans are pushing for a bill that would extend the current rent control for four years and raise rent and the minimum tenant income required to allow landlords to deregulate buildings. Democrats want increased protections.
The property tax cap would limit annual the annual increases to about 2 percent.
With the Associated Press