City turns to rent control protection, tax cap

NEW YORK - (AP) - A classic Albany deal is in the works that could protect 1 million New York City renters from big rent increases while also capping the growth in property taxes in thesuburbs and upstate.

The Assembly, led by New York City Democrats, plans to pass itsmeasure on Monday to strengthen and expand protections for peopleliving in rent-controlled apartments, mostly in New York City.

The Senate, led by suburban Republicans, has already passed abill that would cap the growth of property taxes at 2 percent ayear.

Now the Assembly and Senate are trying to get Gov. Andrew Cuomoto help craft a deal in closed-door meetings that would settle bothissues.

The current renter protection bill expires June 15.

advertisement | advertise on News 12

Trending Video

Engineers are working to secure the structure of 1 VIDEO: NTSB officials give update Sunday on Hoboken crash
2 Neighborhood Brief for April 30
The beginning of spring means the kickoff of 3 Carnivals begin to bloom in the Bronx
A Bronx woman is demanding justice for her 4 Police: Duo robbed, beat man on Morris Avenue
VIDEO: Gov. Cuomo's news conference on Kosciuszko Bridge 5 VIDEO: Gov. Cuomo's news conference on Kosciuszko Bridge

advertisement | advertise on News 12

Features

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE